Falling Wedge & Improved Outlook for $PLUG Long

Plug Power, Inc.NASDAQ

Description

⋅ Oct 8, 2015 4:04 PM

NASDAQ:PLUG is a company I've had my eye on for some time. Their share price has plummeted over the last few years as a result of poor earnings reports & over-ambitious revenue expectations that fell embarrassingly short.

However, over the past few months they appear to have improved revenue expectations and added some great clients, including:

NYSE:TGT & NYSE:HD - seekingalpha.com/article/3459476-up-next-for-plug-power-home-depot-target-and-breakeven
NYSE:WMT - seekingalpha.com/article/3485406-wal-mart-doubles-down-on-plug-power-and-so-do-i
NYSE:PG - news.pg.com/press-release/pg-corporate-announcements/pg-converts-hydrogen-fuel-cell-powered-forklifts-3-plants
Full List - plugpower.com/customer/whos-using-gendrive/ & plugpower.com/customer/whos-using-relion/

Currently I'm long from $2.52, $1.60 & $1.72 and plan to hold these positions very long-term.

Comment

⋅ Nov 6, 2015 10:15 PM

After bounce of the descending upper TL, PLUG has almost touched $3.00 & slightly retraced in anticipation of Mondays earnings report.