AptitudeFinancialAdvisory

PLUG - January 24, 2021

Long
NASDAQ:PLUG   Plug Power, Inc.
PLUG provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets across North America. The company has been a large beneficiary of the Democratic win, doubling from just a $15B market cap to $30B in January 2021. Although this valuation is extremely high and pricing in forward 5-10 years of growth, PLUG has the opportunity to continue on this parabolic trend supported by strong technical levels. On Friday it surged higher, breaking the short term downtrend and now rests below resistance at 67. A strong move higher past this level sets plug up nice for a good swing trade to ATH of 74, and potentially higher to 84 to complete the expected move.

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