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Uline and Plug Power Forge Ahead with Hydrogen PartnershipPlug Power Inc. (NASDAQ: NASDAQ:PLUG ) and Uline, the renowned distributor of shipping and packaging materials, have announced a groundbreaking expansion of their partnership. This strategic collaboration underscores Uline's unwavering commitment to harnessing cutting-edge technology for operational excellence while propelling Plug Power into the forefront of the green hydrogen revolution. The cornerstone of this expanded partnership is the deployment of Plug's state-of-the-art hydrogen infrastructure and fuel cell solutions at Uline's new campus in Kenosha, Wisconsin. With an eight-year commitment and a hefty $20,000,000 expansion investment, Uline is set to revolutionize its operations by embracing hydrogen-powered logistics on an unprecedented scale. The integration of on-site hydrogen infrastructure, featuring an 18,000-gallon hydrogen storage tank and 17 hydrogen dispensers, will service four distribution centers within Uline's sprawling Kenosha campus. Furthermore, the partnership entails the adoption of 250 fuel cell forklifts, leveraging hydrogen generated on-site to fuel their operations. This visionary move not only enhances operational efficiency but also underscores Uline's dedication to sustainability and innovation. Wade Goff, Director of Redistribution at Uline, lauds the transformative impact of Plug's hydrogen and fuel cell technology on their operations. He emphasizes how these solutions have significantly boosted productivity, aligning seamlessly with Uline's core principles of speed, passion, and operational excellence. By prioritizing the adoption of hydrogen-powered logistics, Uline sets a new benchmark for environmental stewardship within the distribution industry. Andy Marsh, CEO of Plug Power ( NASDAQ:PLUG ), hails the expanded partnership with Uline as a testament to the game-changing potential of hydrogen and fuel cell technology. He emphasizes how Plug's solutions deliver unparalleled benefits in terms of productivity and predictability, perfectly aligning with Uline's business strategy of same-day turn-around. This collaboration not only reinforces Plug's position as a global leader in comprehensive hydrogen solutions but also underscores its pivotal role in driving the green hydrogen economy forward. The roots of this transformative partnership date back to 2015 when Plug and Uline first joined forces at Uline's distribution center near its corporate campus in Pleasant Prairie, Wisconsin. Over the past eight years, Uline has leveraged Plug's fuel cell solutions across its operations, operating 270 fuel cell forklifts across six facilities. With this expanded partnership, Uline is poised to operate a total of 520 fuel cells and 34 dispensers across ten facilities, cementing its status as one of Plug's largest customers. As Plug's hydrogen infrastructure takes shape at Uline's Kenosha campus, the stage is set for a paradigm shift in the logistics landscape. As Uline and Plug Power ( NASDAQ:PLUG ) forge ahead, they pave the way for a greener, more efficient future in logistics, leaving an indelible mark on the path to a hydrogen-powered world.
NASDAQ:PLUG
by DEXWireNews
QS rising into earnings has shown momentumon the 15- minute gaining 4.6% in the Monday trading. The chart shows price crossing through the high volume area from underneath it on Tuesday Feb 6th the breaking out from the upper boundary with a retest the following two mornings and then separation from the high volume area after that. Trading volumes have been consistent and constant with spikes after the morning opens. QS has some attention as both a technology stock and a green energy penny stock. I see this long trade as having a potential to go 10-15% if it beats the earnings forecasts. The dual time frame RSI indicator is used to pinpoint best entries especially if scalping or options trading. The best entry is on a lower time frame 3-5 minutes and the green faster RSI crossing over the slower red line and both being over the 50 level. Good luck to traders that take this trade.
NYSE:QSLong
by AwesomeAvani
FCEL Energy Penny Stock Buy the near term Bottom LongFCEL a penny alternative energy stock is at a near-term bottom sitting at the POC line of the volume profile and a standard deviation below the intermediate-term mean VWAP about a month out from a good earnings beat. Given the current administrations unwavering support for green enerby sometimes with grants subsidies and other hand- outs I see FCEL as getting some trader attention of the good kind unlike PLUG which announced a large public offering to dilute investors. FCEL could steal some of those investors. The supertrend indicator is signaling a reversal at the confluence of the POC line with the VWAP band as mentioned. My target is the mean VWAP at 1.50 for about 35% upside with a stop loss at the recent pivot low of $1.09 making for a reward-to-risk ratio of better than 6. I see this as a swing trade with potentially 75 days in front of it given the earning report for 24Q1 is due a bit beyond that and best risk management would be to take a partial and size down going into earnings.
NASDAQ:FCELLong
by AwesomeAvani
2
PLUG - flagging at rest for continuation LONGPLUG on the 120 minute chart is resting on its trend up. Earnings are about 4 weeks ahead. The uptrend has been solid. Two bull flag patterns are noted along the way. They follow pops on the Relative Trend Index indicator also showing bullish buying volatility on the Relative Volatility indicator. I see the rest ( consolidation) as a good point to add into my ongoing long position for PLUG which recently got an upgrade and higher target by more than one analyst. For a basic and simple trade, take the 3rd upper VWAP band at 6.35 as the target the mean VWAP at 4 as the stop loss for a basic3:! R:r trade. For something better zoom into a 15-30 minute time frame reset the anchored VWAP and fine tune.
NASDAQ:PLUGLong
by AwesomeAvani
1
PLUG 's momentum continuation LONGPLUG's momentum had a good move today. PLUG is moving in a descending channel. Today other EV stocks including TSLA, LCID, NKLA, FSR had big moves. TSLA's was the smallest in percentage but the biggest in market cap regain. PLUG is now at the 0.5 Fib retracement level. The zero-lag MACD and dual TF RSI indicators are about to cross the zero and 50 levels respectively. The predictive tool ( Echo by LuxAgo) predicts a move to 5.95 by mid-February. This is about 50%. With the 11% move today, PLUG could be getting overextended but the algo does not suggest that. As with other penny stocks risks are high but a return of 50% in three weeks would offset the risk. I will trade PLUG here using a stop-loss of 3.55 below that black horizontal Fib level. My $3.5 options for 2/2 did 300% unrealized today. In the next 2 days I will roll them forward into the 2/16 expiration $4.5 strikes.
NASDAQ:PLUGLong
by AwesomeAvani
1
PLUG OR UNPLUG here are some lines. I have no idea what it will look like, but there is definitely a massive downtrend that needs to break first. I mean, literally, once it breaks, pretty bullish to like 18, and there is potential to see some crazy numbers again, such as 54. I like 6.54 or so as a potential buy target, but there is a low all the way down to 4 dollars. I think in the short term, it holds the $6.50 mark, but we could see like 5.98 or something quickly. If we see the $4 mark, it's probably going to be from that rejection trend. If we see it on the top side of the trend, BULLISH, if we see it on the bottom, be careful.
NASDAQ:PLUGLong
by nicktussing77
3
Plug Power's Green Hydrogen Plant Ignites Investor OptimismThe stock of hydrogen fuel cell company Plug Power (NASDAQ: NASDAQ:PLUG ) has been on a remarkable ascent, surging over 25% in the past five trading days alone. This impressive rally is attributed to several catalysts, including today's surge of 19.3% . Amidst a challenging period marked by a "going concern" warning in its third-quarter report, Plug Power ( NASDAQ:PLUG ) seems to be staging a remarkable comeback, fueled by a significant development: the operation of its new green hydrogen plant in Georgia, now touted as the largest liquid green hydrogen facility in the U.S. Green Hydrogen Plant: A Financial Turning Point After weathering a storm of financial uncertainty and a plunge in its stock value, Plug Power ( NASDAQ:PLUG ) provided a business update last week that breathed new life into the company. The cornerstone of this update was the successful commencement of operations at its green hydrogen plant in Georgia. The plant not only signifies a pivotal step towards sustainability but also a potential financial turning point for the company. Cutting Costs and Boosting Revenue: Plug Power ( NASDAQ:PLUG ) has faced financial challenges, including cash burn due to delays in its hydrogen production plans, leading to the purchase of hydrogen on the open market. However, the new Georgia plant is poised to be a game-changer, helping the company to cut costs and bolster revenue generation. With the plant now operational, Plug Power ( NASDAQ:PLUG ) is positioning itself to harness the growing demand for green hydrogen, driven by its applications in diverse industries. Steel Industry Embraces Hydrogen: The optimism surrounding Plug Power's ( NASDAQ:PLUG ) stock is further fueled by endorsements from industry players, including a notable mention from Cleveland-Cliffs, a leading U.S. steelmaker. In a recent fourth-quarter conference call, Cliffs CEO Lourenco Goncalves emphasized that "hydrogen is the real game-changing event in ironmaking and steelmaking." Goncalves's statement highlighted the transformative potential of hydrogen in these industries, positioning the United States as a frontrunner in adopting competitively priced green hydrogen for a true green industrial revolution. The Road Ahead: While Plug Power's ( NASDAQ:PLUG ) recent achievements have fueled optimism, it's essential for investors to remain cautious. The company is still on a journey toward realizing profits from its hydrogen production plans. As the new production facility ramps up, challenges and risks remain. Investors should carefully monitor Plug Power's ( NASDAQ:PLUG ) progress and be mindful of the evolving landscape in the hydrogen sector. Conclusion: Plug Power's ( NASDAQ:PLUG ) recent surge in stock value is indicative of a renewed optimism, driven by the successful launch of its green hydrogen plant in Georgia. With the potential to cut costs, boost revenue, and tap into the burgeoning demand for green hydrogen, Plug Power ( NASDAQ:PLUG ) is positioning itself at the forefront of the hydrogen revolution. As the company digs out of its financial hole, investors should tread carefully, mindful of the risks involved, even as Plug Power's ( NASDAQ:PLUG ) new production facility promises to be a catalyst for the company's future success in the evolving green energy landscape.
NASDAQ:PLUGLong
by DEXWireNews
PLU Power Price crushed by dilution announcement LONGOn the 15 minute chart, PLUG got a deserving bad haircut today on the dilution announcement. Buying shares in a chas burning enterprise is risky business. However, the prospects of a rescue with a federal grant from the Green Left initiative can come any time. Shares are on sale. So are OTM call options expiring after the recovery if there is one. Price is showing a glimmer of a bounce with upgoing MACD lines and the fast RSI line rising and crossing over the slower one and heading to the 50 level. I will take a long trade when price gets through the Ichimoku cloud at 3.15 with a stop just below the cloud. I may add to it when price gets over the upper VWAP band situated at 3.5 which is confluent with the 0.5 Fib retracement price value. As a penny stock, all can afford stock or options. As to the options, the monthly in two days if only a prospect for those trading options.in a day-trade or nearly day trade fashion, I will look at the February 16 expiring options with a strike of $ 4.00 to $ 5.00 and take a bunch of them allowing for secondary targets and taking partial profits.
NASDAQ:PLUGLong
by AwesomeAvani
3
Plug Power Surges on Green Hydrogen Production and DOE LoanPlug Power Inc. (NASDAQ: NASDAQ:PLUG ) is making headlines as it announces the commencement of operations at its groundbreaking green hydrogen plant in Georgia – the largest of its kind in the U.S. This development, coupled with a significant financial lifeline from the Department of Energy (DOE), has sent the company's stock soaring, marking a potential comeback for the hydrogen industry leader. Green Hydrogen Plant in Georgia: The inauguration of Plug Power's green hydrogen plant in Georgia is a milestone moment for the company and the renewable energy sector. With a staggering production capacity of 15 tons of liquid electrolytic hydrogen per day, this facility is poised to be a game-changer, not only boosting Plug Power's bottom line but also setting a new standard for sustainable energy production in the United States. The Georgia plant's production capacity is noteworthy, as it has the potential to power 15,000 forklifts daily, showcasing the practical applications of green hydrogen in the industrial sector. This move aligns with Plug Power's commitment to providing clean energy solutions and could be a crucial step in overcoming the industry's growth hurdles related to high costs. Financial Resilience Through DOE Loan: Plug Power's recent struggles with cash flow prompted a "going concern" warning and a significant stock dip in 2023. However, the company seems to have turned the tide with a game-changing $1.6 billion loan from the Department of Energy. This injection of capital is a much-needed lifeline that not only addresses immediate operational needs but also fuels the company's ambitious growth projects. The financial infusion is expected to fund Plug Power's ( NASDAQ:PLUG ) ongoing projects, including the development and construction of at least six hydrogen plants. While the market has responded positively to this news, investors are keenly awaiting the company's next quarterly earnings call and management's outlook for 2024 to assess the long-term impact on Plug Power's financial health. Challenges and Caution: Despite the positive developments, Plug Power ( NASDAQ:PLUG ) faces challenges, evident in its lower-than-expected fourth-quarter revenue projection of $200 million – a significant shortfall from the anticipated $378 million. Additionally, the company foresees a non-cash goodwill impairment charge of up to $250 million. To counter these challenges, Plug Power is planning to cut cash spending by 70% from 2023, implementing reductions in capital expenditure and inventory investments. Investor Advice: While the recent announcements have undoubtedly rejuvenated investor confidence, prudent investors may consider exercising caution. Waiting until the next quarterly earnings call and examining management's outlook for 2024 could provide a clearer picture of Plug Power's trajectory. The company's commitment to cost-cutting measures and the successful implementation of its growth strategy will be crucial factors to monitor. Conclusion: Plug Power's recent surge on the back of green hydrogen production and a substantial DOE loan paints a resilient comeback story for the company. The green hydrogen plant in Georgia symbolizes a step towards sustainability, while the financial infusion addresses immediate concerns. As investors eagerly await further guidance from management, Plug Power's trajectory in 2024 will undoubtedly be closely watched, shaping the narrative for this key player in the renewable energy sector.
NASDAQ:PLUGLong
by DEXWireNews
PLUG Short IdeaFirst stock idea I've shared... *gasp* For the past 8 years, my strategy has mostly just been to hold a bunch of tech and green energy stocks forever, and that worked quite well, until recently. Now that I'm a little more tuned in to Macro, markets, etc, I see nothing bullish right now, and would rather be in cash to set buys at lower levels. I also want to concentrate my portfolio (diversifying is how you save money, not make money - also, I care more about crypto anyway) Nothing against PLUG - it's been one of my biggest gainers over the years... I just wish I took profit sooner... Honestly it's just the technicals that makes me wanna short this. It's failing to break resistance as the rest of the market is puking. On the one hand, it's bullish that PLUG hasn't dumped with tech stocks. On the other... maybe it's just late. I definitely intend to buy all my PLUG back as I think it's a great company doing good work to transition us to green transportation :3
NASDAQ:PLUGShort
by cryptodonovan
8
Advanced Bull Flag ConceptsHave you ever wondered why price action sometimes forms a bull flag pattern? Have you ever wondered if there is a way to predict whether a bull flag will break out before it actually does so? In this post, I will try to address these questions by presenting a couple of theories about the nature of bull flags. Bull Flag Theories (1) The flag structure of a bull flag tends to form along Fibonacci levels, with the ideal flag proportion being an approximated golden ratio to the flagpole; and (2) Fibonacci and regression analyses can provide useful insight into whether price will successfully break out of its bull flag pattern, sometimes long before price even attempts to do so. I will try my best to clearly explain both theories in detail below. Note: Although this analysis is also generally true for bull pennants, bear flags, and bear pennants, to keep things simple I will focus solely on bull flags. Additionally, this analysis is generally true across timeframes. Part I - The Basics of a Bull Flag First, let's begin with the basics. As shown in the image below, bull flags form when an asset is in a strong uptrend. The uptrend forms the flagpole of the bull flag structure. The flag structure forms when price consolidates, usually in a falling trend. This consolidation phase is often characterized by price oscillators rotating back down while the price retraces only a small part of its prior upward move. From a market psychology perspective, bull flags often form when most market participants who bought the asset continue to hold it expecting the uptrend to resume, while only a minority of market participants sell (or short the asset) as its price corrects downward. The bull flag pattern is a continuation pattern because it reflects the market's general expectation that price will eventually resume its upward move. Once the price definitively breaks above the upper channel of the flag (often with strong momentum and high volume), the bull flag pattern is validated. Upon breakout, the expected move up is equal to the vertical height of the flagpole. Part II - The flag structure of a bull flag tends to form along Fibonacci levels, with the ideal flag proportion being an approximated golden ratio to the flagpole Here's where things begin to get interesting. Below is the golden ratio. Two quantities, a and b (where a > b ), form the golden ratio if their ratio is the same as the ratio of their sum to the larger of the two quantities. (See the equation below) The equation above shows the Greek letter phi which denotes the golden ratio. Phi is equivalent to a/b when such ratio is also equivalent to (a + b)/a. Although bull flags can take various forms, it is my hypothesis, based on chart analysis and research, that the most perfectly structured bull flags (ones that also have the highest probability of successful breakouts) occur when the flag forms a golden ratio to the flagpole. Mathematically, this means that the vertical height of the flagpole is equivalent to (a + b) and the vertical height (i.e. the width) of the flag is equivalent to b. This is also to say that price retraces down to the 0.382 Fibonacci level as measured by applying Fibonacci retracement levels along the flagpole (or to the 0.618 point on the vertical height of the flagpole if one measures from the bottom to top). I realize that this can be quite confusing, so let’s walk through some visualizations. Let's first visualize this hypothesis using the golden rectangle. Below is an image of the golden rectangle. A golden rectangle is composed of a square (with sides equal to a) and a smaller golden rectangle (with width equal to b and length equal to a). Now let's rotate the golden rectangle to better visualize the hypothesized flag pattern. The bull flag is hypothetically an approximation of the golden rectangle, whereby the width of the flag is in a golden ratio approximation to the length of the flagpole. In the illustration below, there are multiple bull flags contained within a Fibonacci spiral. The spiral is made up of golden rectangles, with each larger golden rectangle containing a smaller golden rectangle inside it. The smaller golden rectangle is the flag structure, and the length of the larger golden rectangle is the flagpole. One can think of the Fibonacci spiral and the golden rectangles as a series of bull flags that build on top of each other in a repeating pattern. In this diagram, price is represented by the increasing length of the sides of each golden rectangle. In other words, the price on a chart can be seen as spiraling higher after each bull flag breakout. Of course, not all bull flags form a structure that approximates the golden ratio, but it is my belief that in forming a bull flag, price action is aspiring to achieve as close of a golden ratio approximation as it can. I believe that the bull flags that best approximate the golden ratio structure also present the highest probability for a successful break out. To learn more about Fibonacci spirals, including the golden spiral that Fibonacci spirals approximate, you can check out this Wikipedia article: en.wikipedia.org Part III - Fibonacci and regression analyses can provide useful insight into whether price will successfully break out of its bull flag pattern, sometimes long before price even attempts to do so. To see how Fibonacci levels and regression analysis can give insight into whether a bull flag will break out or break down before it does so, let's consider an example. Let’s consider the massive bull flag that the iShares Russell 2000 ETF (IWM) formed in 2021. In 2021, the monthly chart of IWM formed what appeared to be a bull flag, as shown below. Now let's see why Fibonacci analysis and regression analysis were warning that this bull flag was not likely to break out successfully. First, IWM's price did not retrace to a Fibonacci level before attempting a breakout (when using the pole as the Fibonacci retracement reference point). In the chart below, we see that price tried to break out, without even so much as retracing down to the highest Fibonacci retracement level: $196.71. By not undergoing Fibonacci retracement, price did not give its oscillators the opportunity to rotate back down fully. Instead, price remained overextended at the time it attempted to break out. Now let's look at regression analysis. Below is a log-linear regression channel that contains IWM's entire price history. As noted in my prior posts, a regression channel simply indicates how far above or below the mean (or average) price an asset's current price is trading. In the regression channel above, the red line is the mean price, the upper channel line is 2 standard deviations above the mean, and the lower channel line is 2 standard deviations below the mean. A successful breakout of the bull flag would have taken IWM's price way above its regression channel, to a level that is too many standard deviations above its mean price for us not to question the probability of the breakout’s success. Achieving the full measured move up would have been extremely unlikely, assuming that the regression channel is valid and that price tends to revert back to its mean over time. What was more likely than a breakout was a breakdown, and a reversion back to the mean, which is what ended up happening with IWM. Another interesting note about IWM’s bull flag is that it presented a false breakout in November 2021. This false breakout was presenting multiple warnings signs including being a UTAD test of a Wyckoff Distribution. As shown below, however, another important clue that the November 2021 breakout would likely fail was that the breakout was not confirmed when comparing IWM to the money supply (M2SL). See the chart below. One can interpret this chart to mean that in late 2021, IWM’s price was rising because the central bank was increasing the money supply, but not due to improving strength of the underlying companies that comprise the ETF. Using the money supply as a ratio to an asset elucidates the true inherent strength of the asset's value. To understand more about why the money supply can be used in this manner, you can check out my post below. Part IV - Additional Comments I have a few additional comments. I usually use Fibonacci levels on a log-scale chart to identify Fibonacci spirals because Fibonacci spirals are logarithmic spirals. However, when using Fibonacci levels based on log scale, the ratios, percentages and numbers, can seem quite confusing because they are logarithmically adjusted. If you choose to replicate my process, please be mindful of this. While using log-scale charts is critical for higher timeframes (e.g. the monthly chart or higher), I have not identified much benefit to using it on shorter timeframes. In a prior post, I noted that Plug Power (PLUG) is currently forming one of the best-looking log-scale, golden ratio bull flags I have ever seen. If my above hypotheses are true, I would expect to see PLUG move dramatically higher in the years to come. For more information about PLUG, you can read my post linked below. (This is not a solicitation to buy PLUG. Please do your own research and carefully consider all risks.) At the risk of making this post too long and too dense, I just want to briefly note that it is also my hypothesis, based on observation and research, that the golden ratio is where many S-curve dilemmas are solved. If you don't know what an S-curve dilemma is and you'd like to read about this you can see my post below about Jumping S-Curves . In short, an S-curve dilemma is another way of conceptualizing the question of whether a bull flag will break out or break down. I hope that someone finds value in this post. I spent a lot of time studying, researching, analyzing, and cogitating the mathematical nature of price action to reach many of the conclusions here. Thank you for your valuable time in reading my post.
AMEX:IWMEducation
by SpyMasterTrades
51
Plug Power -> Another 10.000% PumpMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️ I am trading the higher timeframes because this allows me to massively capitaliz e on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Tesla. Looking at Plug Power stock you can see that after the recent -90% correction Plug Power is now retesting a cluster of support zones from which we could see a decent move higher. Keep in mind that this is a very risky stock so keep your risk small on this trade. - - - - - - - - - - - - - - - - - - - - When the market moves where, and how, and if - these are all unknown. The only thing which you can control is your risk. - Philip Basic Trading - Keep the long term vision🫡
NASDAQ:PLUGLong
by SwingTraderPhilTV
30
PLUG | Buy zones | Hydrogen risingGeneral Looking at 2 zones where i will buy equally amounts of PLUG for longterm hold. First buy zone is based on the support zone that generated the recent swing high (red circle). Main buy zone is a resistance level that gave support after it was broken for the big upswing. Target: Correlation between 50% of the weekly range and top of the last swing. Stop-Loss: None (Long term investment) Good luck Disclaimer: - This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh ;)
NASDAQ:PLUGLong
by a_tale_of_bulls_and_bears
4