PLUG- book value is 2x higher- Asset PlayPLUG has a stated tangible book value 2x from current price.
Fundamentals:
Its still a cashflow negative, money loser.
Analysts expect the loss to be only -0.60 this year, down from -1.22 last year.
Analysts dont expect positive earnings until 2029.
Technicals:
Rsi is low, and possible bullish divergence, because momentum trend my be shifting neutral from its bearish trend.
Sentiment:
sentiment is low, meme stock players dont seem to care about PLUG like they used to, and TRUMP has definitely switched the energy narrative to pro oil vs alternatives.
TRADE-
long low rsi, and target tangible book value. 100% exit if target or partial met.
I wont be in this one for a decade like Celsius or other growth stocks, because this is an asset play.
I tend to avoid money losing businesses, unless they are deeply below tangible book value. Ive done this trade before on PLUG, it worked, so Im happy to try it again.
Im long options in the money, target tangible book value around 3.00 price.
