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Plug Power, Inc.

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PLUG trade ideas

Plug Power, Inc (PLUG), buy above $36.00Plug reached a high of $1565 in Jan 2000 and since plunged to $0.12 in 2013. It broke out of its 17 year downtrend on Sep 2017 touching a high of $75.49 and since maintained an uptrend with a pivot support at $17.30. A pullback started with a short on the weekly charts at $36.45 and made a low of $18.47. The day charts is long at $28.14 since 270921 with a target of $36.00 (Supertrend resistance on the week charts). A break above $36.00 may trigger a reversion back to a multiple uptrend for PLUG with the first target at $75.49 Long Term UPTREND from 010917 Medium Term PULLBACK since 220321 Short Term UPTREND since 270921 Pivot 36.00 Short positions below 36.00 for 27.33 and 17.30 Long positions above 36.00 for 75.49 and 131.00
NASDAQ:PLUG
by gekkohot
4
Plug Power Analysis 12.10.2021Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next days/weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I would also appreciate, if you would smash that like button and help me to create more free analysis like that. Thank you for watching and I will see you tomorrow!
NASDAQ:PLUG
by basictradingtv
4
Plug Power Analysis 06.10.2021Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next days/weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I would also appreciate, if you would smash that like button and help me to create more free analysis like that. Thank you for watching and I will see you tomorrow!
NASDAQ:PLUG
by basictradingtv
1
Plug Power Analysis 18.09.2021Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next days/weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I would also appreciate, if you would smash that like button and help me to create more free analysis like that. Thank you for watching and I will see you tomorrow!
NASDAQ:PLUG
by basictradingtv
2
PLUGThere is a variant of a complex wave movement with a very extended third, but there may have already been a third. However, I suppose to return to the level of the last highs. Correction targets are blue. Plug Power Inc. Is a supplier of hydrogen-friendly zero-emission fuel cell solutions. The company is positioning its hydrogen fuel cells as a reliable alternative energy source for both electric vehicles and businesses. Main products and services: • ProGen - standard engines for various electric vehicles • GenDrive - solutions for powering electric trucks. Compared to standard engines, they stand out for their increased performance. • GenSure - hydrogen fuel cell solutions for reliable backup and mains power in the telecommunications, transportation and utilities sectors. They are distinguished by increased reliability and resistance to external conditions. • GenFuel is a system for the supply, production, storage and distribution of liquid hydrogen. • GenFuel Electrolyzer - modular conventional hydrogen generators optimized for the production of pure hydrogen. • GenCare is a maintenance program for fuel cell systems. • GenKey is a complete turnkey solution that includes all the necessary components for the client's needs. Plug completed three separate share placements from August 2020 to January, raising a total of $ 2.98 billion in cash. As a direct result of these actions, Plug Power now sits on top of a $ 4.5 billion cash pile (and has a debt burden of only $ 705 million). Compare that to Ballard Power's $ 1.2 billion in cash (with negligible debt), Bloom Energy at $ 204 million (with a $ 1.1 billion debt burden) and FuelCell Energy at just $ 139 million in cash (offset by $ 92 million in debt), and it's pretty clear. “Plug Power is far from the fuel cell company with the most financial firepower at its disposal. It is also very clear that if it can buy success in the fuel cell industry, Plug Power is the company that is most likely to be able to afford the purchase price. For that matter, even if Plug ultimately fails to dominate hydrogen fuel cells, at its current burn rate of $ 368 million a year, it will take the company 10 years to run out of cash. It is important to understand that although this company looks like the most persistent bet on energy based on hydrogen fuel cells, the profit is still very vague in the distant future. Therefore, in the current realities against the backdrop of overstated promises of the company, shares may seriously sink against the background of investors' disappointment in unjustified expectations, especially on days when the market is weak or overheated. 9/01/21 Wolfe Research Initiates Coverage On Outperform 34.0 8/06/21 RBC Capital Maintains Outperform 35.0 8/06/21 Roth Capital Maintains Buy 45.0 P.S. I apologize for the possibly crooked text, I use a translator to have contact with a foreign audience.
NASDAQ:PLUGLong
by S0rt0
1
Do you want to pluck Plug Power stock ?One thing I have learnt from Covid-19 situation is when it comes, many industries were so unprepared and have no contingency plans whatsoever to counteract it. After all, there were no precedent and it happens way too fast....... Look at the tourism industry, how fragile it has become and has crippled many countries whose main source of revenue is tourism. Similarly, Plug Power has 2 main clients - what happened if one of them decides not to continue the business relationship ? There is no diversification in this case and while the future forecast looks bright, the chart in near term has not shown any promising bullish trend.
NASDAQ:PLUG
by dchua1969