Plug Power stock: buy or sell
Updated on:
Apr 22nd, 2021
1
Plug Power stock brief
- Plug Power closed on Wednesday at $27.14 after exploding a 7.49%.
- From the chart point view, price is drawing a scaled uptrend since March 2020 with higher tops and higher bottoms. This rally marked a 972.73% gain
- Morgan Stanley published a hold rating for Plug Power last Monday, with a target of $35.00
- Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe.
Should I buy Plug Power stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $PLUG stock a buy?
In the current situation of Plug Power there is not any eligible buy setup. This doesn't mean we expect a selloff for $PLUG in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Plug Power stock?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the best moment to sell and get your profits. Trading strategies give us the ability us to avoid impulsive decisions based on our moods or the buzz that surrounds the market. Our trading system selects very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies should not be used for shorting Plug Power stock
As a rule of thumb, you must never mantain an investment that generates higher than expected losses by the time of purchase. The moment to sell your stock must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Plug Power stock?
Currently, Plug Power stock doesn't match any of our preferred sell setups, so if you hold Plug Power shares and your operation is in profit probably is not time to sell now
Plug Power ratings
In the last 30 days, 7 brokerage ratings were published for Plug Power
| Brokerage firm | Rating |
|---|---|
| Mar 23rd, 2021 | |
| Craig Hallum | |
| Truist Securities | |
| Mar 30th, 2021 | |
| JPMorgan Chase & Co. | Buy |
| Northcoast Research | Neutral |
| Apr 6th, 2021 | |
| Piper Sandler | Neutral |
| Apr 12th, 2021 | |
| Morgan Stanley | |
| Apr 19th, 2021 | |
| Morgan Stanley | |
Plug Power stock analysis
Plug Power shares started an uptrend in March 2020, and grew an amazing 972.73%. During this uptrend, the price gave some entry points on the breakouts. Latest pullback was in October 2020, when price bounced at $13.69. Like in all uptrends, price needs to take breath and currently price is consolidating the gains in a range between $75.49 and $13.69
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Since the price broke down the lower band on Tuesday, the price has bounced up by 10.19%
Relative strength index
When the stays for so long below 70 and above 30, without showing moments of overvaluation and undervaluation, the indicator turns out to be of little use, and we are now in one of these cases.
Plug Power stock price history
Plug Power started trading priced at an adjusted price1 of $157.50 on Oct 1999. Since then, PLUG stock declined by -82.77%. If you had invested $1,000USD in Plug Power stock on Oct 1999, it would worth $172.32 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Plug Power stock
Nobody can predict how much a stock will be priced in the future. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
The following table shows the price target released by financial institutions in the last month. Again, these predictions are not direct recommendations for small traders and should not be trusted blindly.
Averaging all price targets exposed below, the predicted price for Plug Power stock is $42.33. That is a 55.97% than the last price ($27.14).
| Brokerage firm | Price target |
|---|---|
| Mar 23rd, 2021 | |
| Craig Hallum | $88.00 → $49.00 |
| Truist Securities | $65.00 → $42.00 |
| Mar 30th, 2021 | |
| JPMorgan Chase & Co. | $61.00 → $51.00 |
| Northcoast Research | Not available |
| Apr 6th, 2021 | |
| Piper Sandler | $48.00 → $42.00 |
| Apr 12th, 2021 | |
| Morgan Stanley | $35.00 |
| Apr 19th, 2021 | |
| Morgan Stanley | $35.00 |
Earnings and financials
Plug Power Inc. ($PLUG) reported earnings of $-0.05 per share last February, strongly surpassing the analysts consensus estimate of $-0.10 per share. This quarterly report means an earnings surprise of 50.00%. Company's turnover was $-316,340,000.00 compared to $87.3 million estimated by market consensus.
This compares to Earnings of $-0.07 per share a year ago, so current EPS is an improvement of 28.57%. Looking at sales, figures dropped a -422.13% compared to $982.0M same quarter a year ago.Plug Power ($PLUG) is hosting the quarterly earnings call next Wednesday. Expected for this quarter is $-0.08, compared to $-0.05 that was reported for Q4.
Plug Power performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Plug Power ($PLUG) | -29.00% | -54.80% | 65.10% |
Disclaimer:
The opinions expressed in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not know the individual situations of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for informational reasons onlyPlug Power summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $24.56 |
| Close | $27.14 |
| Day range | $23.91 - $27.14 |
| Previous close | $25.25 |
| Session gain | 7.49% |
| Average true range | $2.95 |
| 50d mov avg | $41.48 |
| 100d mov avg | $43.08 |
| 200d mov avg | $28.46 |
| Earnings date | May 5th, 2021 |