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.
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.