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PLUG POWER INC

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PLUN trade ideas

Next bull run or false breakout?Last Friday Plug has broken the 4hour GMMA, which is a bullish sign. However, on a daily level, PLUG price has reached 50MA which could be a potential resistance. Also, it is now at the top of the recent downward resistance trend line which might face rejection too if it does not hold. During the past few weeks, I have noticed that PLUG likes to surge before market and plunge when the market opens. Since PLUG has been a weak stock for so long, and its stock price has been very choppy since Nov 2023, will this break out the next bull run or a false breakout? I guess I will have the answer on Monday, in which I will observe: (1) whether the price stays above 4hr GMMA, (2) whether it breaks through daily 50MA (3) whether it breaks through the recent downward resistance trend line
NASDAQ:PLUG
by kitw219
2
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.
NASDAQ:PLUGLong
by AwesomeAvani
2
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.
NASDAQ:PLUGLong
by DEXWireNews
Plug Power was a top loser this quarter, falling -15.1%.The last earnings report on September 30 showed earnings per share of 49 cents, missing the estimate of $1.25. P/B Ratio (3.601) is normal, around the industry mean (3.775). P/E Ratio (50.264) is within average values for comparable stocks, (50.885). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.334). Dividend Yield (0.000) settles around the average of (0.041) among similar stocks. TDW's P/S Ratio (4.063) is slightly higher than the industry average of (1.409). With 536.06K shares outstanding, the current market capitalization sits at 3.72B.
NASDAQ:PLUG
by tickeron
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.
NASDAQ:PLUG
by DEXWireNews
PLUG - LONGAlright, Plug Power (PLUG) and why there's a cool trade idea brewing. Despite the ups and downs in their earnings and revenue forecasts, it seems like the market isn't keen on dropping PLUG's price any lower than where it's at now. Mygame plan: we're looking to jump in at around $3 per share if we see somthing like a rejection and spike in volume.. The vibe is, the market's undervaluing PLUG right now in this consolidation range, especially with some growth on the horizon. Planning ride that wave and then look to hop off with our pockets a bit heavier, aiming for an exit between $4 and $4.50. It's a bit of a sweet spot – taking advantage of the market's current mood towards PLUG and betting it's going to climb. Not the most conventional play, but if you're up for a bit of a gamble with a decent chance to score, this could be a good move. Fibs confluence if i bring the extension to $3 range a 618 as a $4.50ish target, also LVN confluence..
NASDAQ:PLUGLong
by SPYDERMARKET
4
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.
NASDAQ:PLUGLong
by AwesomeAvani
1
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.
NASDAQ:PLUGLong
by AwesomeAvani
1
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