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PLUG POWER INC

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$PLUG surges on earnings and upgradeBy Chelsea Diana – Reporter, Albany Business Review Craig Irwin, an analyst with Roth Capital, upgraded the Latham hydrogen fuel cell manufacturer to buy from hold on Monday morning with a price target of $6, up from a $3 price target. "The hope has been repetitively that Plug would reach profitability. It was always promised that by the end of the year Plug would be profitable," Irwin said. "This year, it is different. This year, Plug had two quarters of positive adjusted EBITDA . Fourth quarter is expected to have record revenue." Irwin is a senior research analyst based in New York City covering Plug Power and other clean-tech companies for Roth Capital, an investment banking firm. He previously worked at First Albany Cos. Irwin mentioned Plug's continued growth, outlook for record revenue and EBITDA in the fourth quarter and potential EBITDA profitability in 2020 as reasons for the improved outlook. He also mentioned that Ballard Power Systems Inc. — another hydrogen fuel cell company with a different business model than Plug's — has been selling at around $6. Several other analysts that follow Plug rate it a buy right now, with an average price target of $3.75. The last time Plug Power was worth more than $6 was in 2011 when Irwin said investors got overly optimistic about Plug's announcement it was working with Walmart. Since then, the stock has dropped as low as 14 cents in February 2013. More recently, Plug's stock (Nasdaq: PLUG) has been trading between $2 and $3. The stock was trading at $2.92 on Monday after Roth's announcement. Plug Power's most recent earnings showed improvement over the years of quarters with big losses. Plug reported gross billings of $61 million in the third quarter of 2019. The company still lost $13.2 million in the third quarter, but was positive $2.5 million on an EBITDA basis. TRENDING RESIDENTIAL REAL ESTATE The wealthiest places in upstate New York, ranked TECHNOLOGY Plug Power adds one of the world's largest automakers as a customer Plug Power CEO Andy Marsh said the company remains on track toward its goal of $235 million to $245 million in annual revenue this year. HIRING IN HEALTHCARE Physician: Family Medicine or Internal Medicine Director Job in New Yo CompHealth Since CEO Andy Marsh joined the company in 2008, Plug Power has shifted its model from a focus on research and development to manufacturing fuel cells for the material handling industry. Plug has shipped more than 28,000 fuel cells to dozens of warehouse customers, including Amazon (Nasdaq: AMZN) and Walmart (NYSE: WMT). And it has become the world’s largest user of liquid hydrogen, with 20 tons used daily, surpassing NASA. The company announced an ambitious goal last month to get to $1 billion in revenue by 2024. Plug said the growth will come from its anchor customers — including Amazon and Walmart — and the addition of one new multisite customer annually. The company expects to be selling more than 25,000 units a year by 2024. And it projects its hydrogen usage will grow to 85 tons per day. More recently, Marsh has been mapping out a diversified future for the company beyond material handling. For example: In May, Plug secured a deal to supply hydrogen fuel cell-powered engines for 100 electric delivery trucks for DHL in Germany. The company also started a pilot program last year in which electric FedEx trucks delivering packages in the Albany area were outfitted with hydrogen fuel cells. "This is the first time in the last 20 years that I've been following Plug that I have complete confidence they will make money in 2020," Irwin said. "I don’t know they will be profitable in 2019, but they will be very close… It's a different thing this time."
NASDAQ:PLUGLong
by RedHotStocks
$PLUG Power Inc Bullish pre earnings Entry level $3.10 = Target price $4.70 = Stop loss $2.90 Alert set for break above $3.00 Short interest is high at 18.48% can help sustain a rally . Long term channel is currently acting as resistance, but indicators are in a bullish trajectory with room to run higher. The stock can be subject to large swings given its appeal to penny stock traders, so profits should be locked in on any rally. Company profile Plug Power, Inc. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. The company was founded by George C. McNamee and Larry G. Garberding on June 27, 1997 and is headquartered in Latham, NY. (Seeking alpha article) Plug Power is a market leader and has a strong first-mover advantage in a big growth market. With the push by governments to tackle environmental issues, corporations are under pressure to make their operations more environmentally friendly. France and the United Kingdom are two examples of governments that have moved to phase out combustion vehicles. France has moved to ban sales of petrol and diesel cars by 2040. This announcement was made a day after the Swedish automaker Volkswagen (OTCPK:VWAGY) announced a plan to only make electric or hybrid vehicle from 2019. The U.K. echoed the French plan and have committed to banning all sales of petrol and diesel cars by 2032. This is now becoming commonplace in cities with Copenhagen banning diesel cars in 2019 and Paris planning to ban all petrol and diesel cars from the city by 2030. Deloitte has stated that EV sales were 2 million units in 2018 and expect this to rise to 4 million in 2022, and as high as 21 million by 2030. The company also sees this rise made easier with their prediction that a tipping point will occur around 2022 when the cost of owning a BEV is on par with its combustion rivals. BEV sales are expected to be 70% of the market by 2030. Growing demand from consumers, alongside continued innovation and technology investment from original equipment manufacturers (OEMs) will accelerate EV adoption. Indeed, if the current hysteria around climate continues then we can expect that "car shaming" of petrol and diesel owners will push sales further.
NASDAQ:PLUGLong
by Bullishcharts
PLUG in to Power UpAlternative energy was a major industry during the Obama years, as his admin's attack on oil sent these alt plays soaring. There's several different types, from pure electric vehicles running on batteries (powered by energy produced burning fossil fuels, no less) to natural gas engines, nuclear and wind options, and in this case, hydrogen fuel cells. It's anyone's guess what the world will look like in 20 years, and as to what source of power prevails, well, determining that is a fool's errand. In my opinion, the best bet is to diversify across multiple types of alternative mobility, which is why I own oil and gas companies (specifically, refiners, MLPs, equipment suppliers, and oil majors) along with other types like natural gas (WPRT and CLNE), solar companies (via ETFs), and nuclear options (via ETFs). I didn't have a pure-play in the hydrogen fuel cell space, though, so I found this one for a spec play for the longer-term. This one will need several things to go right, for sure. It's loaded with debt, and hydrogen hasn't really taken off meaningfully. But times change quickly, as evidenced by pot stocks getting so high (sorry, couldn't help myself). At under $2 a share, this is like an option that doesn't expire. Even so, I'm using options because I don't want to commit the capital to shares. And this may take time... lots of time... to work. So... I bought January 15, 2021 $2 calls for 70 cents, so it has a little over 2 years to pan out for me. I'll be looking to sell shorter dated calls against it if shares catch bids, as I doubt any rally will be sustained unless there's a material change in the broader landscape for this type of fuel play. Support is underneath at $1.53. Resistance is overhead at the $2 level, then on up the Fib levels to the highs at $3.21. Even buying shares outright doesn't seem like a bad idea, just so long as you keep it small as it is a highly speculative play. Happy trading!
NASDAQ:PLUGLong
by EchoAlphaBravo
1
The best 10 penny stocks to buy in 2018...This recommendation is on Marketbeat. Let's look at the technical analysis point of view. The movement of the exchange rate carries the characteristics of fractal movements. He is currently building a 2x fractal. The exchange rate moves sideways in a yellow rectangular area. We expect pulse wave structure from this range. The theory of correctness can justify if the exchange rate breaks through the purple line, which is the axis of the exchange rate D1 ATR. As long as this does not happen it is advisable to wait. But when it happens, the exchange rate can suddenly be switched to "impulse", suddenly increased with ATR. Which results in strong volatility. The primary target price is 5.56 usd. The second predicted target price may be around 10.73 usd.
NASDAQ:PLUGLong
by meszaros
PLUG will see a decline, testing support, and then rise.Stock Description Plug Power Inc. [ PLUG ] is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company's product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn. GenKey offers solutions to customers transitioning their material handling vehicles to fuel cell power. GenDrive is a hydrogen fueled proton exchange membrane (PEM) fuel cell system. It provides power to material handling vehicles. GenFuel is a hydrogen fueling delivery system. It is designed to allow customers to refuel its GenDrive units for productivity. GenCare is an ongoing maintenance program for both the GenDrive fuel cells and GenFuel products. ReliOn is a stationary fuel cell solution. It provides scalable, modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation and utility sectors. Latest News BRIEF: For the six months ended 30 June 2018, Plug Power Inc revenues increased 75% to $63.2M. Net loss applicable to common stockholders decreased 34% to $45.7M. Revenues reflect Revenue Sales of Goods & Services increase from $10.8M to $32.1M, Fuel delivered to customers increase of 61% to $12M, Revenue Sales of Goods & Service increase of 35% to $13.8M. Support & Resistance When analyzing the support we can see 3 important areas. ° A support zone ranging from 1.93 to 1.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames. ° Support @1.88 from a trend line in the daily time frame. ° Support @1.84 from a trend line in the daily time frame. We can see 3 important resistance areas. ° A resistance zone ranging from 1.98 to 1.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames. ° A resistance zone ranging from 2.15 to 2.17. This zone is formed by a combination of multiple trend lines in multiple time frames. ° Resistance @2.23 from a horizontal line in the daily time frame. Fundamental Analysis PLUG is expected to show a strong growth in Earnings Per Share. In the coming 2 years, the EPS will grow by 49.96% yearly. PLUG 's has grown by 51.40% in the past year. This is a very strong growth! PLUG has an average volume of 2552070. This is a good sign as it is always nice to have a liquid stock. In the last month PLUG has a been trading in the 1.83 - 2.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above. The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out. When comparing the yearly performance of all stocks, PLUG is a bad performer in the overall market: 78% of all stocks are doing better. PLUG is one of the lesser performing stocks in the Electrical Industrial Apparatus industry. 85% of 13 stocks in the same industry do better. PLUG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
NASDAQ:PLUGLong
by Kaniick