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1PLUG trade ideas

PLUG produces Fuel Cells, for which there is no affordable fuelThe last 3-year trend and the long-term 10-year trend have now broken ~FALLING KNIFE~ style. PLUG has been a poster child for hydrogen. It may be most prominently known for providing fuel cell delivery vehicles to Amazon. There are several issues PLUG faces. To name a few: There are not enough electrolyzers to produce green hydrogen The price of green hydrogen has gone from ~$12/kg to over ~$30/kg in 2-years PLUG's use of cash is wildly irresponsible (exaggerated by now high interest rates) Hydrogen simply isn't the best solution for transit applications beyond distributed or 24-hour applications We may bounce around, but I would NOT be surpassed if we get into ~$2.00 - $2.50 / share territory by the end of 2024 .
NASDAQ:PLUGShort
by HandsomeSloth
1
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.
NASDAQ:PLUGLong
by nicktussing77
3
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.
NASDAQ:PLUGLong
by DEXWireNews
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.
NASDAQ:PLUGLong
by AwesomeAvani
3
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.
NASDAQ:PLUGLong
by DEXWireNews
$PLUG Plug Power Inc Long term PTs 75 - 105 and higherNASDAQ:PLUG Plug Power Inc Long term PTs 75 - 105 and higher Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including liquid green hydrogen production, storage and handling, transportation, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; Liquefaction systems; and Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
NASDAQ:PLUGLong
by BADQOMOCAWGOWLD
PLUG ENTERED ACCUMULATION PHASE, TREND REVERSAL IN THE HORIZON?It appears that we may be entering the accumulation phase of Plugs trading cycle. We are starting to see higher highs and higher lows. Currently I am Bullish on this trade and have entered Option Calls for another step up in Janurary based on these factors below. -Appearance of complete trend reversal incoming -Higher Highs and Higher Lows -Golden Cross on the Hourly -RSI oversold on the Hourly Looking for the next Higher High soon. Please let me know what you think. Where I made Mistakes and how I can improve my analysis. #PLUG #TAinTraining
NASDAQ:PLUGLong
by stephenblasco
Plug Power - price correction or trend change? So, quickly. The price is still in a downtrend, and confirmations of a change are relatively high (changes on a high interval). On the positive side, we have reached the liquidity level from which the last significant increases occurred in 2020/21. This means the price could be very attractive for investors again. Those who invested here a long time ago in the long term may want to do it again or defend their remaining orders. Let's take a look at a lower interval. On the 24-hour chart, it can be seen that an uptrend is starting to build, which may want to grow to around $6.5 per share, where the last liquidity for declines was. What would I do? I would buy a package of shares and count on increases to around $6-6.50, then observe. If the price in the short zone wants to continue to decline, I would sell the package and wait for a more attractive price. If, however, the price passes through the $6-7 zone and goes up, on the retest, I would make additional purchases and count on a double-digit amount, as the next major stop could be around $10. If the price NOW falls below $3 and closes there, it will mean that the only double-digit amount we will see in the near future will be after the decimal point.
NASDAQ:PLUG
by Przemyslaw_KoziK
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
NASDAQ:PLUGShort
by cryptodonovan
8