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Options360
Oct 9, 2020 9:47 PM

PLUG $26 target Long

Plug Power, Inc.NASDAQ

Description

PLUG has been a pioneer in the alternative energy technology market since 1997. Finally, in 2020 hydrogen and fuel cell systems are getting traction. My near term target is $26. PLUG has an annual EBITDA growth of 24% over the past 10 years and I expect that to exponentially grow into the future. Plug Power plans to build hydrogen plants in the US by end of year 2020. Good luck and happy trading friends.

Comment

Quote from Jim Cramer on Mad Money tonight: "Green hydrogen will become a ($12,000,000,000,000) $12 trillion dollar market.

Comment

Well, lol, that sure went the other way...
Comments
Options360
Good thing my average cost in May 19’ was $2.39
ammcdo03
Whenever Jim Cramer or any of those bozos say anything on TV, do the opposite. They are usually pumping and dumping.
Options360
@ammcdo03, lol true. I've been playing PLUG since it was 2ish over a year ago, so at the time, like 2 weeks ago, the stock had very bullish price action...
ammcdo03
@growerik, makes sense! I'm sure it's just a small correction
Options360
@ammcdo03, it was a much better strangle play at the time. Because the one thing I've learned is I'm wrong half the time. lol. Maybe 70/30 on good days. Impossible to always be 100% accurate every day. It's much easier to predict the general trajectory over longer periods of time...
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