PLUG LongGreat price action after breaking support.
Earnings coming up so need to be cautious with this one as it'll be a coinflip.
PLUG
Target 28Following weekly chart.
Finally I got a bullish signal from my indicator, it's a nice time to buy before week close.
TP1 6.95
TP2 12.66
TP3 24
And Falling wedge break target 28
Also following EMA 100 which is 9.02 right now.
I will stop if the weekly close is under 2.21
Other than technical stuff, the company gets a huge loan guarantee, which supports technical insights.
Any comments on your side?
PLUG, getting ready for multi WEEKLY GAINS!PLUG is registering massive volume accumulation this past four weeks.
Net buy volume has surged +34% from its average numbers -- where buyers are getting ready to overtake sellers in anticipation of the stock's long term future upside valuation.
On weekly histogram, higher lows has been created -- conveying the incoming price growth of the stock.
Bubble up volume (bottom indicator) consistent appearance this past 4 weeks (after 4 months of continued sell off) is cementing the stocks intention to finally shift the trend -- to the upside.
Fundamentally, the management sees a rosier future revenue-wise with upcoming innovation / products despite stiff competition.
Spotted at 10.0
TAYOR.
Safeguard capital always.
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FUNDAMENTAL NEWS : Reference TVIEW site.
Why did Plug Power stock pop today? CEO sees 2023 sales above consensus
Jun 13, 202307:37 GMT+8
Plug Power
PLUG surged to its highest in more than two months, +13.1% in Monday's trading after the company detailed plans for its investor day on Wednesday, which included above-consensus guidance for 2023 sales.
CEO Andy Marsh said visitors to its Rochester, N.Y., gigafactory will be able to "witness firsthand that we are not only selling and deploying tangible products but have also scaled up operations, supports our near-term revenue goals of $1.4 billion in 2023 and our long-term target of achieving annual sales of $20 billion by 2030."
Plug's new 2023 sales estimate is ahead of the $1.29B analyst consensus estimate and nearly double the company's 2022 revenues of slightly more than $700M.
US Offers Conditional $1.66 Billion Loan to Plug Power Inc.The U.S. Department of Energy has announced a conditional loan guarantee of up to $1.66 billion for Plug Power Inc, ( NASDAQ:PLUG ) aimed at facilitating the construction of up to six clean hydrogen production plants. The produced hydrogen is intended for use in fuel cell-electric vehicles for material handling, transportation, and heavy industry. The initiative is expected to yield an 84% reduction in greenhouse gas emissions compared to conventional hydrogen production methods, which rely on natural gas and result in significant carbon dioxide emissions unless captured and stored underground.
The current administration sees low-carbon hydrogen as pivotal in addressing climate change, particularly in powering heavy industries such as aluminum, cement, and steel, as well as long-haul transportation. The Department of Energy's Loan Programs Office emphasized that this move is set to unlock the potential of clean hydrogen, thereby contributing to the growth of a robust, American-led industry.
Plug Power's technology, known as electrolyzer stacks, will be utilized in the clean hydrogen plants. These electrolyzer stacks are manufactured at the company’s facility in Rochester, New York. Notably, Plug Power ( NASDAQ:PLUG ) is a leading commercial-scale manufacturer of electrolyzers in the United States.
Technical Outlook
Plug Power stock ( NASDAQ:PLUG ) was up 40% on Tuesday's market trading. The stock has risen from a falling wedge pattern trading with a moderate Relative Strength Index (RSI) of 67.31 which is sparsely overbought. The stock is trading slightly above the 100-day Moving Average (MA).
PLUG set up on support for Long EntryPLUG is on a 60 minute chart ascending in a relatively parallel channel and oscillating within
it. Price has cycled into the lower thick green support trendline. A falling wedge pattern is seen
It is now on its second touch of the support. PLUG has gained 75% in three weeks. As a green
energy small cap, it is sharing an uptrend with FCEL, QS and others.
I find PLUG properly situated to add to my position taking a trade of more shares long. I call it
buying a fall into support and buying a falling wedge set up for a breakout ( again).
Yesterday a successful put option scalp provided profit to redeploy here. I will roll over
options expiring February 16th into March 16th. The monthly call contracts have the narrower
spreads and better liquidity from volume.
PLUG Charts Course for Growth Amidst Green Hydrogen RevolutionsPlug Power Inc (NASDAQ: NASDAQ:PLUG ) has emerged as a trailblazer in the green hydrogen economy, reporting a year of strategic growth and operational milestones in its latest financial results. As the world shifts towards cleaner energy alternatives, PLUG's commitment to driving sustainability and energy independence through innovative hydrogen solutions has positioned it as a frontrunner in the transition to renewable energy sources.
Fueling Operational Excellence:
NASDAQ:PLUG 's relentless pursuit of operational efficiency has propelled significant revenue growth, underscored by advancements in hydrogen production capabilities and the expansion of its energy solution portfolio. The successful commissioning of the Georgia hydrogen plant, boasting the largest PEM electrolyzer system in the U.S., highlights PLUG's dedication to scaling up hydrogen production infrastructure.
Innovative Product Offerings and Market Expansion:
PLUG's foray into new product launches, including hydrogen storage tanks and mobile liquid hydrogen refuelers, showcases its commitment to driving innovation in the energy sector. Moreover, the expansion of NASDAQ:PLUG 's installed base with key customers and the introduction of a new platform for mid-market material handling sites signify its growing footprint in the material handling space.
Strategic Investments and Market Positioning:
Beyond operational achievements, NASDAQ:PLUG 's strategic investments aimed at promoting global sustainability and energy independence have reinforced its market positioning. With over 69,000 fuel cell systems deployed and plans to operate a green hydrogen highway, NASDAQ:PLUG is not just a player but a leader in the hydrogen fuel cell technology market. By targeting multiple green hydrogen production plants, NASDAQ:PLUG is laying the groundwork for a sustainable energy future.
Path to Decarbonization:
PLUG's CEO envisions a future where decarbonizing the economy is not just a goal but a reality. Through its green hydrogen initiatives, NASDAQ:PLUG is driving tangible progress towards achieving this vision.
Uline and Plug Power Forge Ahead with Hydrogen PartnershipPlug Power Inc. (NASDAQ: NASDAQ:PLUG ) and Uline, the renowned distributor of shipping and packaging materials, have announced a groundbreaking expansion of their partnership. This strategic collaboration underscores Uline's unwavering commitment to harnessing cutting-edge technology for operational excellence while propelling Plug Power into the forefront of the green hydrogen revolution.
The cornerstone of this expanded partnership is the deployment of Plug's state-of-the-art hydrogen infrastructure and fuel cell solutions at Uline's new campus in Kenosha, Wisconsin. With an eight-year commitment and a hefty $20,000,000 expansion investment, Uline is set to revolutionize its operations by embracing hydrogen-powered logistics on an unprecedented scale.
The integration of on-site hydrogen infrastructure, featuring an 18,000-gallon hydrogen storage tank and 17 hydrogen dispensers, will service four distribution centers within Uline's sprawling Kenosha campus. Furthermore, the partnership entails the adoption of 250 fuel cell forklifts, leveraging hydrogen generated on-site to fuel their operations. This visionary move not only enhances operational efficiency but also underscores Uline's dedication to sustainability and innovation.
Wade Goff, Director of Redistribution at Uline, lauds the transformative impact of Plug's hydrogen and fuel cell technology on their operations. He emphasizes how these solutions have significantly boosted productivity, aligning seamlessly with Uline's core principles of speed, passion, and operational excellence. By prioritizing the adoption of hydrogen-powered logistics, Uline sets a new benchmark for environmental stewardship within the distribution industry.
Andy Marsh, CEO of Plug Power ( NASDAQ:PLUG ), hails the expanded partnership with Uline as a testament to the game-changing potential of hydrogen and fuel cell technology. He emphasizes how Plug's solutions deliver unparalleled benefits in terms of productivity and predictability, perfectly aligning with Uline's business strategy of same-day turn-around. This collaboration not only reinforces Plug's position as a global leader in comprehensive hydrogen solutions but also underscores its pivotal role in driving the green hydrogen economy forward.
The roots of this transformative partnership date back to 2015 when Plug and Uline first joined forces at Uline's distribution center near its corporate campus in Pleasant Prairie, Wisconsin. Over the past eight years, Uline has leveraged Plug's fuel cell solutions across its operations, operating 270 fuel cell forklifts across six facilities. With this expanded partnership, Uline is poised to operate a total of 520 fuel cells and 34 dispensers across ten facilities, cementing its status as one of Plug's largest customers.
As Plug's hydrogen infrastructure takes shape at Uline's Kenosha campus, the stage is set for a paradigm shift in the logistics landscape. As Uline and Plug Power ( NASDAQ:PLUG ) forge ahead, they pave the way for a greener, more efficient future in logistics, leaving an indelible mark on the path to a hydrogen-powered world.
QS rising into earnings has shown momentumon the 15- minute gaining 4.6% in the Monday trading. The chart shows price crossing through
the high volume area from underneath it on Tuesday Feb 6th the breaking out from the upper
boundary with a retest the following two mornings and then separation from the high volume
area after that. Trading volumes have been consistent and constant with spikes after the
morning opens. QS has some attention as both a technology stock and a green energy penny
stock. I see this long trade as having a potential to go 10-15% if it beats the earnings forecasts.
The dual time frame RSI indicator is used to pinpoint best entries especially if scalping or
options trading. The best entry is on a lower time frame 3-5 minutes and the green faster RSI
crossing over the slower red line and both being over the 50 level. Good luck to traders
that take this trade.
FCEL Energy Penny Stock Buy the near term Bottom LongFCEL a penny alternative energy stock is at a near-term bottom sitting at the POC line
of the volume profile and a standard deviation below the intermediate-term mean VWAP
about a month out from a good earnings beat. Given the current administrations unwavering
support for green enerby sometimes with grants subsidies and other hand- outs I see FCEL
as getting some trader attention of the good kind unlike PLUG which announced a large public
offering to dilute investors. FCEL could steal some of those investors. The supertrend indicator
is signaling a reversal at the confluence of the POC line with the VWAP band as
mentioned. My target is the mean VWAP at 1.50 for about 35% upside with a stop loss at
the recent pivot low of $1.09 making for a reward-to-risk ratio of better than 6.
I see this as a swing trade with potentially 75 days in front of it given the earning report
for 24Q1 is due a bit beyond that and best risk management would be to take a partial
and size down going into earnings.
PLUG - flagging at rest for continuation LONGPLUG on the 120 minute chart is resting on its trend up. Earnings are about 4 weeks ahead.
The uptrend has been solid. Two bull flag patterns are noted along the way. They follow
pops on the Relative Trend Index indicator also showing bullish buying volatility on the
Relative Volatility indicator. I see the rest ( consolidation) as a good point to add into my
ongoing long position for PLUG which recently got an upgrade and higher target by more than
one analyst. For a basic and simple trade, take the 3rd upper VWAP band at 6.35 as the target
the mean VWAP at 4 as the stop loss for a basic3:! R:r trade. For something better zoom into
a 15-30 minute time frame reset the anchored VWAP and fine tune.
PLUG 's momentum continuation LONGPLUG's momentum had a good move today. PLUG is moving in a descending channel. Today
other EV stocks including TSLA, LCID, NKLA, FSR had big moves. TSLA's was the smallest in
percentage but the biggest in market cap regain. PLUG is now at the 0.5 Fib
retracement level. The zero-lag MACD and dual TF RSI indicators are about to cross the zero
and 50 levels respectively. The predictive tool ( Echo by LuxAgo) predicts a move to
5.95 by mid-February. This is about 50%. With the 11% move today, PLUG could be getting
overextended but the algo does not suggest that. As with other penny stocks risks are high but
a return of 50% in three weeks would offset the risk. I will trade PLUG here using a stop-loss
of 3.55 below that black horizontal Fib level. My $3.5 options for 2/2 did 300% unrealized
today. In the next 2 days I will roll them forward into the 2/16 expiration $4.5 strikes.
PLUG OR UNPLUG here are some lines.
I have no idea what it will look like, but there is definitely a massive downtrend that needs to break first. I mean, literally, once it breaks, pretty bullish to like 18, and there is potential to see some crazy numbers again, such as 54.
I like 6.54 or so as a potential buy target, but there is a low all the way down to 4 dollars. I think in the short term, it holds the $6.50 mark, but we could see like 5.98 or something quickly. If we see the $4 mark, it's probably going to be from that rejection trend. If we see it on the top side of the trend, BULLISH, if we see it on the bottom, be careful.
Plug Power's Green Hydrogen Plant Ignites Investor OptimismThe stock of hydrogen fuel cell company Plug Power (NASDAQ: NASDAQ:PLUG ) has been on a remarkable ascent, surging over 25% in the past five trading days alone. This impressive rally is attributed to several catalysts, including today's surge of 19.3% . Amidst a challenging period marked by a "going concern" warning in its third-quarter report, Plug Power ( NASDAQ:PLUG ) seems to be staging a remarkable comeback, fueled by a significant development: the operation of its new green hydrogen plant in Georgia, now touted as the largest liquid green hydrogen facility in the U.S.
Green Hydrogen Plant: A Financial Turning Point
After weathering a storm of financial uncertainty and a plunge in its stock value, Plug Power ( NASDAQ:PLUG ) provided a business update last week that breathed new life into the company. The cornerstone of this update was the successful commencement of operations at its green hydrogen plant in Georgia. The plant not only signifies a pivotal step towards sustainability but also a potential financial turning point for the company.
Cutting Costs and Boosting Revenue:
Plug Power ( NASDAQ:PLUG ) has faced financial challenges, including cash burn due to delays in its hydrogen production plans, leading to the purchase of hydrogen on the open market. However, the new Georgia plant is poised to be a game-changer, helping the company to cut costs and bolster revenue generation. With the plant now operational, Plug Power ( NASDAQ:PLUG ) is positioning itself to harness the growing demand for green hydrogen, driven by its applications in diverse industries.
Steel Industry Embraces Hydrogen:
The optimism surrounding Plug Power's ( NASDAQ:PLUG ) stock is further fueled by endorsements from industry players, including a notable mention from Cleveland-Cliffs, a leading U.S. steelmaker. In a recent fourth-quarter conference call, Cliffs CEO Lourenco Goncalves emphasized that "hydrogen is the real game-changing event in ironmaking and steelmaking." Goncalves's statement highlighted the transformative potential of hydrogen in these industries, positioning the United States as a frontrunner in adopting competitively priced green hydrogen for a true green industrial revolution.
The Road Ahead:
While Plug Power's ( NASDAQ:PLUG ) recent achievements have fueled optimism, it's essential for investors to remain cautious. The company is still on a journey toward realizing profits from its hydrogen production plans. As the new production facility ramps up, challenges and risks remain. Investors should carefully monitor Plug Power's ( NASDAQ:PLUG ) progress and be mindful of the evolving landscape in the hydrogen sector.
Conclusion:
Plug Power's ( NASDAQ:PLUG ) recent surge in stock value is indicative of a renewed optimism, driven by the successful launch of its green hydrogen plant in Georgia. With the potential to cut costs, boost revenue, and tap into the burgeoning demand for green hydrogen, Plug Power ( NASDAQ:PLUG ) is positioning itself at the forefront of the hydrogen revolution. As the company digs out of its financial hole, investors should tread carefully, mindful of the risks involved, even as Plug Power's ( NASDAQ:PLUG ) new production facility promises to be a catalyst for the company's future success in the evolving green energy landscape.
PLU Power Price crushed by dilution announcement LONGOn the 15 minute chart, PLUG got a deserving bad haircut today on the dilution announcement.
Buying shares in a chas burning enterprise is risky business. However, the prospects of
a rescue with a federal grant from the Green Left initiative can come any time. Shares
are on sale. So are OTM call options expiring after the recovery if there is one. Price is
showing a glimmer of a bounce with upgoing MACD lines and the fast RSI line rising and crossing
over the slower one and heading to the 50 level. I will take a long trade when price
gets through the Ichimoku cloud at 3.15 with a stop just below the cloud. I may add to
it when price gets over the upper VWAP band situated at 3.5 which is confluent with
the 0.5 Fib retracement price value. As a penny stock, all can afford
stock or options. As to the options, the monthly in two days if only a prospect for those trading
options.in a day-trade or nearly day trade fashion, I will look at the February 16 expiring
options with a strike of $ 4.00 to $ 5.00 and take a bunch of them allowing for secondary
targets and taking partial profits.
Plug Power Surges on Green Hydrogen Production and DOE LoanPlug Power Inc. (NASDAQ: NASDAQ:PLUG ) is making headlines as it announces the commencement of operations at its groundbreaking green hydrogen plant in Georgia – the largest of its kind in the U.S. This development, coupled with a significant financial lifeline from the Department of Energy (DOE), has sent the company's stock soaring, marking a potential comeback for the hydrogen industry leader.
Green Hydrogen Plant in Georgia:
The inauguration of Plug Power's green hydrogen plant in Georgia is a milestone moment for the company and the renewable energy sector. With a staggering production capacity of 15 tons of liquid electrolytic hydrogen per day, this facility is poised to be a game-changer, not only boosting Plug Power's bottom line but also setting a new standard for sustainable energy production in the United States.
The Georgia plant's production capacity is noteworthy, as it has the potential to power 15,000 forklifts daily, showcasing the practical applications of green hydrogen in the industrial sector. This move aligns with Plug Power's commitment to providing clean energy solutions and could be a crucial step in overcoming the industry's growth hurdles related to high costs.
Financial Resilience Through DOE Loan:
Plug Power's recent struggles with cash flow prompted a "going concern" warning and a significant stock dip in 2023. However, the company seems to have turned the tide with a game-changing $1.6 billion loan from the Department of Energy. This injection of capital is a much-needed lifeline that not only addresses immediate operational needs but also fuels the company's ambitious growth projects.
The financial infusion is expected to fund Plug Power's ( NASDAQ:PLUG ) ongoing projects, including the development and construction of at least six hydrogen plants. While the market has responded positively to this news, investors are keenly awaiting the company's next quarterly earnings call and management's outlook for 2024 to assess the long-term impact on Plug Power's financial health.
Challenges and Caution:
Despite the positive developments, Plug Power ( NASDAQ:PLUG ) faces challenges, evident in its lower-than-expected fourth-quarter revenue projection of $200 million – a significant shortfall from the anticipated $378 million. Additionally, the company foresees a non-cash goodwill impairment charge of up to $250 million. To counter these challenges, Plug Power is planning to cut cash spending by 70% from 2023, implementing reductions in capital expenditure and inventory investments.
Investor Advice:
While the recent announcements have undoubtedly rejuvenated investor confidence, prudent investors may consider exercising caution. Waiting until the next quarterly earnings call and examining management's outlook for 2024 could provide a clearer picture of Plug Power's trajectory. The company's commitment to cost-cutting measures and the successful implementation of its growth strategy will be crucial factors to monitor.
Conclusion:
Plug Power's recent surge on the back of green hydrogen production and a substantial DOE loan paints a resilient comeback story for the company. The green hydrogen plant in Georgia symbolizes a step towards sustainability, while the financial infusion addresses immediate concerns. As investors eagerly await further guidance from management, Plug Power's trajectory in 2024 will undoubtedly be closely watched, shaping the narrative for this key player in the renewable energy sector.
PLUG POWER - DAILY KEYLEVELSPLUG POWER - DAILY KEYLEVELS
These are my new keylevels to watch on daily tf.
i dont like this rising wedge , also beceause he is in a downtrend.
PLUG POWER - READY FOR THE PUMP?PLUG POWER - READY FOR THE PUMP?
As you can see, on weekly Time Frame we have a beautiful falling wedge, if this pattern will be broken with a broken resistance confirmation, there is a potential 10x in play.
I have an average between 3-4 USD so in my case 30-32 area will be an 8x
PLUG POWER - 2W - UPDATEThese are my keylevels for Plug Power.
As you can see, the price is stopped at the support zone and also it is in a 0.5fib area from entire structure so, it is an important level.
I will add more shares tomorow in my portofolio to increase my average buy
PLUG Short IdeaFirst stock idea I've shared... *gasp*
For the past 8 years, my strategy has mostly just been to hold a bunch of tech and green energy stocks forever, and that worked quite well, until recently.
Now that I'm a little more tuned in to Macro, markets, etc, I see nothing bullish right now, and would rather be in cash to set buys at lower levels. I also want to concentrate my portfolio (diversifying is how you save money, not make money - also, I care more about crypto anyway)
Nothing against PLUG - it's been one of my biggest gainers over the years... I just wish I took profit sooner...
Honestly it's just the technicals that makes me wanna short this. It's failing to break resistance as the rest of the market is puking.
On the one hand, it's bullish that PLUG hasn't dumped with tech stocks. On the other... maybe it's just late.
I definitely intend to buy all my PLUG back as I think it's a great company doing good work to transition us to green transportation :3
PLUG POWER - GREAT OPPORTUNITYThese are my Keylevels for PLUG.
Just look how beauty it is.
I love price action and that one gives me the possibilty to make and have an amazing chart = opportunity.
I starting to acumulate PLUG.
As you can see, there is an upptrend on 2W and a falling wedge on DAILY.
PLUG Plug Power Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PLUG Plug Power prior to the earnings report this week,
I would consider purchasing the 6usd strike price in the money Calls with
an expiration date of 2023-11-10,
for a premium of approximately $0.54.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
