Plug Power stock: buy or sell?
Updated on:
February 14th, 2020
3
Plug Power Inc., an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of hydrogen fuel cell systems primarily for the material handling and stationary power markets in the United States.
Should I buy Plug Power stock?
Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to choose your own trading strategy that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.None of our preferred buy setups matches with Plug Power stock situation right now, therefore this is not a suitable entry point.
| Buy setup | Elegible |
|---|---|
| New all-time high | No |
| New 52 week high | No |
| Price crossing up 200d MA | No |
| 100d MA crossing up 200d MA | No |
Is Plug Power stock a buy?
Banks and financial institutions post stock ratings everyday.
Unfortunately, we couldn't find any rating for PLUG stock for the last month.Plug Power stock analysis
Daily outlook
Plug Power shares declined -0.90% to $4.42 on Feb 14th.
Plug Power shares declined -0.90% to $4.42 on Feb/14. PLUG broke out again over $4.17 after a 10.07% correction started on Jan 29th. On October, SMA50d and SMA100d crossed up triggering a rise of 64.31%. On December PLUG price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.
Weekly outlook
After boosting a super good 8.94% in a week last week, Plug Power closed this week at $4.42 and soared a great 4.00%. Late January PLUG collapsed a hair-raising -6.92% in just one week.
Observing the weekly chart, PLUG marked an uptrend of rising tops and rising bottoms. Since its last top late January at $4.53, price slid and bounced up back from $3.65. Breaking down under $3.65 would cancel the current uptrend and it might test lower supports. Note that $4.53 might act as a resistance line. Since SMA20d and SMA40w crossed up late April 2019, PLUG price climbed $1.90 per share (75.40%). Since mid February 2019 when PLUG stock price broke up the SMA40w line, it gained $2.80 (172.84%).
Plug Power stock price history
Plug Power stock went public on October 29th, 1999 with a price of $157.501. Since then, PLUG stock sliced a -97.20%, with a yearly average of -4.90%.
1: Adjusted price after possible price splits or reverse-splits.
Plug Power stock historical price chart
PLUG stock reached 52-week highs on January 21st at $4.53, and all-time highs 2000-01-24 with a price of 1565.
Plug Power stock price target
Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' PLUG stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we have not detected any price forecast for Plug Power stock by any trusted analyst.Financials and fundamental analysis
Earnings date and Earnings per Share
Plug Power presented extraordinary results for 2018-Q4 on March. Plug Power climbed Earnings per Share (EPS) by 60.00%, beating experts consensus of $-0.05. Plug Power posted $-0.08.| Quarter | Reporting date | Estimated EPS | Actual EPS | Surprise |
|---|---|---|---|---|
| 2017-Q1 | - | n/a | -0.13 | n/a |
| 2017-Q2 | - | n/a | -0.19 | n/a |
| 2017-Q3 | 2017-11-08 | -0.04 | -0.18 | n/a |
| 2017-Q4 | 2018-03-07 | -0.07 | -0.09 | n/a |
| 2018-Q1 | 2018-05-09 | -0.06 | -0.07 | n/a |
| 2018-Q2 | 2018-08-09 | -0.06 | -0.08 | n/a |
| 2018-Q3 | 2018-11-08 | -0.08 | -0.07 | n/a |
| 2018-Q4 | 2019-03-07 | -0.05 | -0.08 | n/a |
| 2019-Q1 | - | n/a | n/a | n/a |
| 2019-Q2 | - | n/a | n/a | n/a |
Annual financial results
Compared to 2017, last anual sales report draw an outstanding gain of 74.37% to $174.63 M USD. Similarly, its income margin (compared to revenues) rocketed to -44.73%, that is $-78.12 million.| Year | Sales | YoY | Income/(margin) | YoY |
|---|---|---|---|---|
| 2013 | $27 M | - | $-62.67 M-235.6% | - |
| 2014 | $64 M | 141.47% | $-88.49 M-137.8% | 41.20% |
| 2015 | $103 M | 60.81% | $-55.69 M-53.9% | -37.06% |
| 2016 | $86 M | -16.81% | $-57.49 M-66.9% | 3.23% |
| 2017 | $100 M | 16.55% | $-127.08 M-126.9% | 121.06% |
| 2018 | $175 M | 74.37% | $-78.12 M-44.7% | -38.53% |
Quarterly financial results
Plug Power posted $59.82 million in sales for 2018-Q4, a 12.52% up compared to previous quarter. Reported quarter income marked $-16.85 M with a profit margin of -28.16%. Profit margin gained a 1.11% compared to previous quarter when profit margin was -29.28%. When comparing turnover to same quarter last year, Plug Power sales marked a dazzling increase and skyrocketed a 74.89%. Looking back to recent quarterly results, Plug Power posted 3 negative quarters in a row.| Quarter | Sales1 | QoQ2 | Income1/(margin) | QoQ2 |
|---|---|---|---|---|
| 2017-Q1 | $15 M | - | $-24.04 M-157.7% | - |
| 2017-Q2 | $21 M | 36.35% | $-42.62 M-205.1% | 77.29% |
| 2017-Q3 | $35 M | 70.21% | $-40.98 M-115.9% | -3.84% |
| 2017-Q4 | $34 M | -3.29% | $-19.44 M-56.8% | -52.57% |
| 2018-Q1 | $29 M | -14.98% | $-19.84 M-68.2% | 2.04% |
| 2018-Q2 | $40 M | 37.30% | $-25.87 M-64.8% | 30.42% |
| 2018-Q3 | $53 M | 33.16% | $-15.57 M-29.3% | -39.83% |
| 2018-Q4 | $60 M | 12.52% | $-16.85 M-28.2% | 8.24% |
Plug Power ownership
When you are planning to invest in a stock, it's always worth to overview its ownership structure.Plug Power shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.24% of all shares.
In case of Plug Power stock, 32.04% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for PLUG stock account 0.00%, no big difference from last month.
For a better understanding, the next table shows ownership data compared to other related companies:
| PLUG | |
|---|---|
| Market cap | $1.3 B |
| Total shares | 291.8 M |
| Float shares | 229.9 M |
| - Institutional holdings (%) | 32.0% |
| - Insider holdings (%) | 1.2% |
| Shares in short selling | 0.0% |
Plug Power summary
| Friday, February 14th, 2020 | |
|---|---|
| Open | $4.45 |
| Close | $4.42 |
| Day range | $4.36 - $4.51 |
| Previous close | $4.46 |
| Session gain | -0.90% |
| Average true range | $0.23 |
| 50d mov avg | $3.69 |
| 100d mov avg | $3.34 |
| 200d mov avg | $2.84 |
| Daily pattern | lb01c |
| Weekly pattern | lb03a |
Plug Power performance
Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We picked as the bechmarking frame for Plug Power stock.| Stock | 3m | 6m | 12m |
|---|---|---|---|
| PLUGPlug Power | 26.65% | 111.48% | 172.84% |