Plug Power Rose 225% in a Month, Then Fell 25%. What's Next?Hydrogen-fuel firm Plug Power NASDAQ:PLUG rallied 225% from its Sept. 10 low to its Oct. 6 high, then fell some 25% over less than three sessions before climbing back some 15% just on Monday. And PLUG is down more than 99% from its all-time high some 26 years ago. One thing's for sure -- it's not a boring stock.
What does PLUG's technical and fundamental analysis say might happen next? Let's see:
Plug Power's Fundamental Analysis
PLUG, which sells eco-friendly "green" hydrogen fuel and related systems, has seen multiple catalysts in just the past week alone.
For instance, the firm announced on Oct. 1 that it delivered the company's first 10 MW GenEco electrolyzer array to the Galp Sines Refinery in Portugal -- Europe's largest proton-exchange-membrane hydrogen-electrolyzer project.
Two days later, HC Wainwright analyst Amit Dayal (rated at four stars out of a possible five by TipRanks) reiterated his "Buy" rating on PLUG while increasing the stock's price target to $7 from a previous $3. (The stock closed at $3.90 on Monday.)
And on Oct. 7, PLUG announced that its board appointed Jose Luis Crespo as new CEO, taking over for current chief Andy Marsh (who's staying on as executive chair). Crespo previously served as PLUG's chief revenue officer.
Then on Oct. 8, the firm announced a warrant-inducement agreement with a single institutional investor for the immediate exercise of the entirety of the company's outstanding warrants issued in March 2025 to purchase 185.43 million shares of common stock. The exercise price was $2 a share, which will raise more than $370 million for PLUG.
In exchange, the investor received 31 million shares of PLUG stock and pre-funded warrants to purchase up to 154.4 million shares more at $7.75 apiece. (The investor can settle up beginning in March 2026.)
All of this happened about a month before Wall Street expects PLUG to release fiscal Q3 financial results.
The Street is looking for a $0.13 GAAP loss per share on roughly $185.4 million of revenue. That would represent about a 45% improvement from the $0.24 loss per share the PLUG saw in the year ago period, as well as about a 7% gain from the $173.3 million the firm recorded in year-ago sales.
Of the 18 sell-side analysts that I know of that cover PLUG, eight have revised their earnings estimates higher since current quarter began, while seven have cut their numbers. (Three analysts have left their estimates unchanged.)
Plug Power's Technical Analysis
Next, let's look at PLUG's chart going back some five months and running through Thursday afternoon:
Readers will see that PLUG blasted out of a double-bottom pattern of bullish reversal in September, marked by two curving black lines at the chart's right.
However, the above rally and subsequent sell-off looks to me more like an incomplete head-and-shoulders pattern that's maybe about two-thirds of the way into its development. That would be a bearish set-up.
Then again, there's a reason that many traders wait to see patterns complete their development. Sometimes, patterns simply don't end up developing.
Oh, and did I mention that short-sellers make up some 31% of PLUG's entire float?
As for PLUG's secondary technical indicators, the stock's Relative Strength Index (or "RSI," the gray line at the chart's top) is running at elevated levels, but off of its recent highs.
Meanwhile, Plug Power's daily Moving Average Convergence Divergence indicator (or "MACD," marked with black and gold lines and blue bars at the chart's bottom) looks very bullish.
For instance, the histogram of the stock's 9-day Exponential Moving Average (or "EMA," denoted by blue bars) is running above the zero-bound and has been since mid-September.
The same goes for the 12-day EMA (black line) and 26-day EMA (gold line), with the black line running above the gold line. That's a short- to medium-term bullish signal.
An Options Option
Aggressive options traders who want to go long PLUG heading into earnings (or who see the potential for a short squeeze) might purchase the stock while selling naked puts to potentially lower their cost basis in this scenario. Here's an example:
-- Buy 100 shares of PLUG at or close to $3.90 a share.
-- Sell one Nov. 14 $3.50 put for about $0.45. This put will likely expire after PLUG's Q3 earnings report.
-- Sell one Nov. 14 $3 put for about $0.25.
Net Basis: $3.20
This options spread means the investor will have essentially bought PLUG for about an 18% discount from market prices, thanks to the put premiums received (assuming shares go higher, or at least don't go below $3.50 by expiration).
However, the sale of naked puts does expose the investor to significant risk, as the stock could theoretically fall to zero.
Should the shares go lower than $3.50 before the puts expire, the investor could wind up long 200 PLUG shares of at a $3.35 net basis at a time when the shares are trading below $3.50.
And if PLUG falls below $3 before the puts run out, the trader could end up long 300 shares at a $3.23 net basis when PLUG is trading below $3.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in PLUG at the time of writing this column.)
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Trade ideas
$PLUG - Plug Power - $4.33 PTNASDAQ:PLUG consolidated to chart the $3.09 and found support like we initially targeted and rebounded to $3.95 before showing potential consolidation for additional entries.
Still holding a $4.31 RT to breakout to that $5.09 PT will potentially providing re-entry at $3.45 if it does consolidate again first.
Plug - Hear me outProposing a trade on a shit-co like plug may earn some laughs but hear me out for a second.
In the right light and with enough alcohol, she could pass for a strong six. I'd do her.
Jokes, aside, due to the frantic rush to solve AI datacenter energy problem, power companies have been getting a lot of play lately, some have real growth potential, while others may be the speculative dream of degenerates like myself.
A 25 year old company, about to hit the figurative wall (DiCapiro joke...slaps knee), has suddenly seen an influx of buying activity and what looks to be increasing volume following a look below and fail of a weekly box.
According to box rules, I can't ignore this trade. Plug has been in an area of consolidation for years. It's completed atleast two look above and look below and fails of the larger boxed range.
I'm not saying that this stock is going to the moon, but if It can reclaim the top of the mini weekly box and hold the midpoint of the larger box then $8 seems like a realistic target to me.
Now, this stock would easily revert back to the volume point of control (VPOC) around $2 or lbaf again or simply fail miserably below the boxes...then all you degens will be living in boxes.
If we do see 2.50 - $2 again, I'd love to take an entry there (a lbaf of vpoc would be nice too). Otherwise, I'll be monitor this name for the mentioned trades.
My posts are for shits and giggles. I'm just a guy with an interest and a celcius addiction.
~The Villain
Plug Power: Shaping the Future of Green Hydrogen Through InnovatIn recent years, green hydrogen has emerged as a key player in the global energy transition, and Plug Power is at the forefront of this movement. The U.S.-based company develops fuel cells, electrolyzers to produce hydrogen from water, and all the necessary infrastructure to store and distribute clean energy. In other words, Plug Power doesn’t just create components, it builds a complete ecosystem to make hydrogen a viable and scalable energy source.
Latest Quarter: Growth and Positive Signals
In the second quarter of 2025, Plug Power reported revenues of $174 million, up 21% from the same period last year. This strong growth highlights the increasing demand for hydrogen solutions across industrial and transportation sectors.
Particularly notable is the expansion in electrolyzer sales, with revenues tripling compared to the same quarter in 2024. This indicates that companies and utilities are investing more in technologies to produce green hydrogen at scale and Plug Power is ready to provide the critical infrastructure.
The gross margin also shows encouraging signs: while still negative at -31%, it has improved significantly from -92% in Q2 2024. This reflects the effectiveness of cost optimization strategies and the company’s growing operational expertise.
Investments continue through the Project Quantum Leap, a strategic initiative aimed at improving efficiency and sustainability. Although these non-cash expenses,about $80 million,impact quarterly results, they are essential investments for long-term growth.
Outlook for the Next Quarter and Beyond
Looking ahead to Q3 2025, revenues are expected to continue growing, with a more controlled loss per share compared to previous quarters. Plug Power aims to strengthen margins, reduce cash burn, and expand deliveries of electrolyzers and hydrogen infrastructure.
Over the longer term, the company’s vision is compelling: building a fully integrated green hydrogen ecosystem, making this energy source not only sustainable but also commercially competitive. Government incentives and strategic partnerships further support growth prospects.
In summary, Plug Power combines technological innovation with strategic foresight: the company is growing, optimizing costs and operations, and positioning itself as a global reference point in the green hydrogen market.
This is not financial advice.
A+ Momentum Setup | Plug Power (PLUG) BreakoutA clean A+ momentum setup on Plug Power (PLUG) — a perfect example of how price structure, volume, and momentum align before a big move.
🔍 Discovered using my volume scan.
🔹 Structure: Higher low → reclaim of key moving averages → breakout through resistance
🔹 Volume: Big demand on the move up, light volume on the pullback
🔹 Momentum: 6.5R move (72% gain on partials) — strong follow-through as trend expanded, offering a great risk/reward opportunity
This is what I look for every week — clear structure, expanding volume, and strength confirming participation.
My goal isn’t to predict; it’s to react with discipline when everything lines up.
No hype. No gimmicks. Just price action, volume, and process.
PLUG BUYBUY PLUG at .87 to .47, riding it back up to 3.20 to 13.00 as Profit Targets, Stop Loss is at .20!
If anyone likes mumbo jumbo long useless analysis, than this is NOT for you.
Also, if you are afraid of risk, failure, and want only a 100% sure thing, than
run as fast as you can from here and from the markets,
because it is definitely NOT for you.
WARNING: This is just my opinion of the market and its only for journaling purpose. This information and any publication here are NOT meant to be, and do NOT constitute, financial, investment, trading, or other types of advice or recommendations. Trading any market instrument is a risky business, so do your own due diligence, and trade at your own risk. You can loose all of your money and much more.
$PLUG - Plug Power, Inc - $3.45 RT & Breakout?NASDAQ:PLUG looks to have broken out of its longer-term downward channels, showing strong volume, support, and momentum while re-attempting to break the $3.09s and push forward to our $3.49 PT.
This also comes after HC Wainwright maintains a BUY on NASDAQ:PLUG , raising its Price Target to $7. Not to include, the company just delivered its first 10-MegaWatt GenEco Electrolyzer Array to Gilp, a Portuguese Energy Company.
PLUG 1D - powered by a golden crossThe current PLUG chart highlights a key technical shift: the golden cross (MA50 crossing above MA200), usually seen as a potential mid-term reversal signal. Price has broken out of its downtrend structure and is retesting the breakout zone around 1.60–1.68, forming a possible accumulation base. Targets are defined step by step: first at 2.03 (major resistance and Fibo 1), second at 2.85 (Fibo 1.618), and third at 3.33 where strong volume and supply zone meet.
Fundamentally , Plug Power remains a high-risk play: heavy debt, negative cash flows, yet renewed investor attention thanks to green energy incentives.
The tactical view is clear: if the stock holds above 1.68, the road opens toward 2.03, and further breakout may accelerate momentum. A drop back below MA50, however, would invalidate the bullish case.
In short, the market is now deciding whether PLUG becomes a green-energy comeback star or just another unplugged socket.
Plug Power range-bound setup in progressPlug Power is expected to dip towards the $1.96 level before entering a sideways consolidation phase. This range should serve as a base, preparing the stock for the next upward move to $3.54 - $5.98 (first gap to close). Update will follow after consolidation around these levels.
⚠️ Not financial advice.
PLUG Daily Analysis – Sept 17, 2025🚨 PLUG Daily Analysis – Sept 17, 2025
PLUG surged +19% today, driving straight into the $1.94–$2.03 supply zone. This is a premium area where sellers previously controlled price.
🔎 Key Levels
Resistance: $2.03 → break here could open the path toward $2.54 and then $3.30.
Support: $1.50–$1.40 demand zone, with deeper liquidity resting at $0.90–$0.80.
📊 Structure & Volume
Recent CHoCH (Change of Character) signals suggest short-term bullish momentum.
Volume spike confirms institutional participation, but we are still in a retracement phase within a broader downtrend.
🎯 Outlook
Bullish case: Break and close above $2.03 → upside targets $2.54 / $3.30.
Bearish case: Rejection at supply could pull price back toward $1.50, possibly $0.90 if weakness extends.
Market is at equilibrium—watch closely to see if this is just a retracement or the start of a reversal.
Smart Money Concepts in play. Manage risk.
— WaverVanir International LLC
PLUG: accumulation turning into breakout fuelPlug Power is slowly emerging from a long downtrend, building an accumulation structure after a trendline breakout. On the 4H chart, price is consolidating around 1.55–1.60 and gaining momentum. The first upside target is 1.90, where buyers will be tested. A strong breakout could open the way toward 2.90, where major resistance and higher volumes are located.
EMAs are starting to turn upward, confirming a potential trend change. The volume profile highlights strong interest around the current range, supporting the bullish case. The outlook remains positive as long as price holds above the 1.50 zone.
Fundamentally, Plug Power remains in focus with ongoing hydrogen energy projects. While the renewable sector faces macro pressures, improved demand and positive company news could act as catalysts for further growth.
PLUG Plug Power Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PLUG Plug Power prior to the earnings report this week,
I would consider purchasing the 6usd strike price in the money Calls with
an expiration date of 2027-1-15,
for a premium of approximately $0.0.49.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Plug Power (PLUG): Recovery Play or Terminal Decline?Plug Power Inc. (PLUG) , a company focused on green hydrogen and fuel cell technologies, stands as one of the most emblematic examples of a boom and bust cycle in the speculative clean energy sector.
It reached an all-time high of USD 75.49 in January 2021 , driven by market enthusiasm over the energy transition. However, since then, the stock has collapsed by more than 99% , hitting a low of USD 0.69 on May 16, 2025 . It currently trades below USD 2, reflecting a massive loss in market capitalization and deep investor distrust.
🧮 Fundamental Analysis
1. Business Model
Plug Power develops integrated systems for the generation, storage, and distribution of green hydrogen, mainly targeting logistics, mobility, and high-energy industrial sectors.
2. Financial Issues
Persistent losses: the company has been unprofitable for years. In 2024, it posted a net loss of over USD 700 million.
High operating costs and poor efficiency in hydrogen project execution.
Accounting concerns: the SEC flagged accounting issues in 2021 and 2022, further damaging institutional confidence.
3. Capital Dilution
Plug has repeatedly financed its operations through equity offerings, significantly diluting shareholders. Recent rounds were issued at very low prices, worsening the drop in share value.
4. Cash Position
As of June 2025, the company requires new capital to continue operations, facing the risk of issuing more shares or convertible debt under unfavorable terms.
⚠️ Key Risks
Delisting risk if the stock doesn’t remain above USD 1.00 in the short term.
Bankruptcy risk (Chapter 11) if no strategic financing or partnerships are secured.
The green hydrogen sector is still not cost-competitive without subsidies, and competition is fierce (Air Liquide, Linde, Bloom Energy, etc.).
✅ Opportunities
Potential to secure strategic alliances with utilities, automakers, or industrial partners.
Ongoing green subsidies from the U.S. and EU may offer short-term support.
Much of the negative outlook seems already priced in: current market cap is around USD 1.8 billion, with physical assets and contracts still in place.
📉 Technical Analysis
From its all-time low of USD 0.69, PLUG staged a strong rebound, gaining +294% to reach USD 2.03 on July 21, 2025 . It now trades in a consolidation zone between the 23.6% (USD 1.71) and 38.2% (USD 1.52) Fibonacci retracements , which may act as short-term technical support.
This is a high-risk, high-volatility stock , capable of generating outsized returns — or total losses. Strict risk management is essential.
Repeated Rejections at the 200-EMA
The 200-day exponential moving average (EMA 200) has acted as a dynamic resistance throughout PLUG’s multi-year downtrend. Over the past three years, the stock has attempted to break above it on at least three occasions — in 2022, 2023, and 2025 — but failed each time.
The most recent attempt, in July 2025, ended with a reversal after reaching USD 2.10, which also coincides with the 23.6% Fibonacci retracement from the all-time high. Unless the stock breaks above the 200-EMA with strong volume and an ascending price structure, the bearish trend remains intact.
🧠 Speculative Position
We are currently positioned with a bullish options strategy targeting a speculative upside:
📈 Buy CALL USD 2.00 (exp. January 16, 2026)
🛡️ Sell CALL USD 5.00 (same expiration)
→ This forms a Bull Call Spread, limiting downside risk while maintaining a favorable risk/reward ratio.
🧾 Conclusion
Plug Power is no longer a fundamentally sound investment , but rather a high-risk speculative play , comparable to a synthetic long-term call option . If the company survives, restructures its balance sheet, and secures strategic partners, the upside could be substantial — but the risk of total capital loss remains very real .
🧭 Suitable only for experienced traders with speculative capital and disciplined technical execution.
Plugged InIn looking at the money flow for NASDAQ:PLUG , I see the EMAs 8 day and 21 day crossing into a new uptrend. The RSI is still below the overbought territory. The weekly is down with volume pouring in to get ready for the next leg. Sellers are slowing with the MACD. Looking ahead the money in the past has flowed into PLUG in the winter, therefore winter contracts look well priced and primed for the future growth based upon today's information. Let's see where it goes.
Remember do your own due diligence and research. Past performance doesn't equal future performance.