PLUN trade ideas
Plug Power, Inc on trend Plug Power, Inc. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. The company was founded by George C. McNamee and Larry G. Garberding on June 27, 1997 and is headquartered in Latham, NY.
PLUG POWER (PLUG) Weekly ChartDates in the future with the highest probability for price direction reversals
PLUG Long ideaPLUG is moving higher above the supporting averages. Should keep moving. Volume has been increasing. BLDP and FUEL in the same area are also prospects
PLUG long ideaI don't usually take a trade with prices below certain moving averages, but PLUG looks like it is at support. A low risk buy with a stop below the 200sma might pay big rewards.
$172 Million Contract with "Fortune 100" unnamed companyHighly likely that this customer is amazon.
If it is. THIS IS HUGE! And it is not yet priced into their earnings estimates so this could greatly boost earnings growth numbers in their next report.
They issued shares which is why the recent slump
YET EVEN WITH SHARE DILUTION... we are seeing a sharp increase in price showing that even though it is less scarce, shares are EVEN MORE in demand. I like this speculative bet
4.20 if a good resistance if it will become support? I love all the electric companies
I think the potential is big in the future
Short $PLUG - Correction Anticipation$PLUG is highly volatile and had a huge "buy the news event" when it announced a $172m contract over 2 yrs by an unnamed buyer. This is undoubtedly good for $PLUG over the long term, but an +18% move yesterday is optimistic at best. Shorting for a 5-8% profit exit.
PLUG Bouncing of Support Line PLUG closed above 50 EMA with a lot of volume. There's another support at $2.89 at a trendline and previous resistance level. RSI is near the middle.
I'm planning on buying on Monday.
Plug PowerSeems to have the exact same product as Powercell www.powercell.se so now they just have to capitalize on the free market that is left to gain a similar market cap to PCELL: 7.728B PLUG: 750M
Plug to Find Resistance at $3.80 in 2024 (50% Chance)PLUG is a risky investment for 2020, as I am not certain that it will hold its price or increase.
CNN Business thinks the following for the next 12 months:
"The 8 analysts offering 12-month price forecasts for Plug Power Inc have a median target of 4.00, with a high estimate of 6.00 and a low estimate of 2.75. The median estimate represents a +29.45% increase from the last price of 3.09."
Given Motley's analysis however www.fool.com , it is indicated that PLUG is just a cash hungry company that's burning through it faster than it can make it for the last 2 decades. On the other hand, simplywallst (site) sees the fair value as around $8. Even with that being said, the analysis from SimplyWallSt indicates that the company will continue to be unprofitable in the next 3 years.
Motley advises that TELL is a better stock option in hydrogen fuel cells than PLUG. I have not researched TELL as I am invested into PLUG for the past few days and don't have interest at the moment to trade into TELL and out of PLUG. The next time I invest, I will evaluate TELL and determine if I should diversify into them and will provide an analysis if that occurs.
However, what I will leave you with is this on the PLUG side. The average board member has been serving with them for 9.2 years. The average age of the board members is 62 years old. In the last 3 months, 2 insiders bought 112,286 shares of PLUG. On the TELL side we see that the CEO has been with them for under 3 years, and 1 insider has purchased 42,320 shares in the last 3 months (roughly the same monetary amount as on the PLUG side).
When looking at the stewardship and profitability of TELL vs PLUG, what stands out most is the following: "TELL is unprofitable, and losses have increased over the past 5 years at a rate of -27.6% per year."
TELL forecasted future growth from nearly a dozen analysts = -16.9% in the next year.
PLUG forecasted future growth from half a dozen analysts = 56.5% in the next year.
Your choice. I made mine when it comes to hydrogen cell stocks and am not backing out any time soon.
PLUG LongOne of my trend retracement strategies . Average win Rate 50 - 80%.
Long 3.27
Stop Loss 2.90
Profit target at 2 times the stop loss. 3.98
PLUG - Moving off support, back up towards 3.75-4.00Nice setup here, Stoch and MACD histogram turning.
Pulling the PLUGLooks overdone, 50% in 3 weeks and overbought.
Looking for a pullback to $3.3 support, using DEC puts. I would short the stock itself, too risky,.
$PLUG surges on earnings and upgradeBy Chelsea Diana – Reporter, Albany Business Review
Craig Irwin, an analyst with Roth Capital, upgraded the Latham hydrogen fuel cell manufacturer to buy from hold on Monday morning with a price target of $6, up from a $3 price target.
"The hope has been repetitively that Plug would reach profitability. It was always promised that by the end of the year Plug would be profitable," Irwin said. "This year, it is different. This year, Plug had two quarters of positive adjusted EBITDA . Fourth quarter is expected to have record revenue."
Irwin is a senior research analyst based in New York City covering Plug Power and other clean-tech companies for Roth Capital, an investment banking firm. He previously worked at First Albany Cos.
Irwin mentioned Plug's continued growth, outlook for record revenue and EBITDA in the fourth quarter and potential EBITDA profitability in 2020 as reasons for the improved outlook. He also mentioned that Ballard Power Systems Inc. — another hydrogen fuel cell company with a different business model than Plug's — has been selling at around $6.
Several other analysts that follow Plug rate it a buy right now, with an average price target of $3.75.
The last time Plug Power was worth more than $6 was in 2011 when Irwin said investors got overly optimistic about Plug's announcement it was working with Walmart. Since then, the stock has dropped as low as 14 cents in February 2013. More recently, Plug's stock (Nasdaq: PLUG) has been trading between $2 and $3.
The stock was trading at $2.92 on Monday after Roth's announcement.
Plug Power's most recent earnings showed improvement over the years of quarters with big losses. Plug reported gross billings of $61 million in the third quarter of 2019. The company still lost $13.2 million in the third quarter, but was positive $2.5 million on an EBITDA basis.
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Plug Power adds one of the world's largest automakers as a customer
Plug Power CEO Andy Marsh said the company remains on track toward its goal of $235 million to $245 million in annual revenue this year.
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Since CEO Andy Marsh joined the company in 2008, Plug Power has shifted its model from a focus on research and development to manufacturing fuel cells for the material handling industry.
Plug has shipped more than 28,000 fuel cells to dozens of warehouse customers, including Amazon (Nasdaq: AMZN) and Walmart (NYSE: WMT). And it has become the world’s largest user of liquid hydrogen, with 20 tons used daily, surpassing NASA.
The company announced an ambitious goal last month to get to $1 billion in revenue by 2024.
Plug said the growth will come from its anchor customers — including Amazon and Walmart — and the addition of one new multisite customer annually. The company expects to be selling more than 25,000 units a year by 2024. And it projects its hydrogen usage will grow to 85 tons per day.
More recently, Marsh has been mapping out a diversified future for the company beyond material handling. For example: In May, Plug secured a deal to supply hydrogen fuel cell-powered engines for 100 electric delivery trucks for DHL in Germany. The company also started a pilot program last year in which electric FedEx trucks delivering packages in the Albany area were outfitted with hydrogen fuel cells.
"This is the first time in the last 20 years that I've been following Plug that I have complete confidence they will make money in 2020," Irwin said. "I don’t know they will be profitable in 2019, but they will be very close… It's a different thing this time."
