Plug Power Inc. (PLUG)

20.60
2.40 11.00
NASDAQ
Prev Close 23.05
Open 22.66
Day Low/High 20.58 / 22.66
52 Wk Low/High 2.53 / 73.90
Volume 26.89M
Exchange NASDAQ
Shares Outstanding 572.45B
Market Cap 12.91B
P/E Ratio N/A
Div & Yield N.A. (N.A)

Latest News

This Looks Like Topping Action

From my perch there is little to "like" about the market over the last few days. (Remember... tops are processes, bottoms are events.) A number of individual stocks look dreadful -- even "beast mode" Amazon is down about 12% from the recent after-ho...

I'm a Purchaser of Plug Power Puts

I'm a Purchaser of Plug Power Puts

Plug Power has earnings Thursday. I do not think they are going to go very well.

Sic Transit Gloria

* (Short idea) PLUG has dropped from $76 to $26 in a straight line I am old enough to remember when Plug Power was on every one's radar and screen.

Minding Mr. Market

* The decline in speculative stocks has been historic and broad-based - something I have been expecting for months * I remain bearish on the overall outlook for equities   Yesterday's market was brutal and broad-based to the downside:  * The specula...

Jim Cramer: The House of Pain Stocks vs the House of Pleasure Stocks

Jim Cramer: The House of Pain Stocks vs the House of Pleasure Stocks

Amazingly, one group isn't just left behind, it just keeps losing money, while the other group is shrugging off this day with aplomb.

Plug Power Is Still Unplugged

Plug Power Is Still Unplugged

The charts of PLUG are bearish and losing power.

Sell The Winners Buy The Losers, Dayenu?

* In a (price) momentum based investment world the winners often get overextended and the losers often get oversold  "Ilu ho-tsi, ho-tsi-a-nu, Ho-tsi-a-nu mi-Mitz-ra-yim, Ho-tsi-a-nu mi-Mitz-ra-yim, Da-ye-nu! .. CHORUS: .. Dai, da-ye-nu, .. Dai, da-...

Plug Power Is Disconnected

One of my old favorite shorts, Plug Power , continues to lose power. Down another -$3/share (-9%). Crickets from the PLUG bulls. Same old same old.

Nothing Normal About This Market

The speculative gewgaws have lost their bids again and are falling back to earth.  , , , ,  , , etc., getting taken to the woodshed.  Usually this portends broader market weakness - but there is nothing normal about this market.  Meanwhile, in part ...

There Is No Market Leadership

* Slowly, but very surely, prior market leaders have crashed * At times, markets can churn when leadership is unclear or non existent * But, given current high valuations, a more ominous market outcome seems more likely * Consider "Uncle" Bob Farrel...

Tweet of the Day (Part Trois)

If I was currently in the game I would still be short Plug Power (it dropped another -$3/share yesterday): There will be those who say Archegos was a one-off, but there are any number of crowd-favorite stocks that show similar patterns of blow-off t...

Take the Money and Run

If I was trading I would probably be out of all my speculative gewgaw shorts - like , , , , , etc.  

Gewgaws Collapse

* To this observer they are shorts on any strength  My speculative shorts --  (-9%), (-5%), (-5%), (-9%), (-7%), etc. -- continue to stink up the joint.

You Done Tore Out My Heart and Stomped That Sucker Flat

"You keep on stompin' And my heart is on the floor..." - Lewis Gizzard, You Done Tore Out My Heart and Stomped That Sucker Flat  In yesterday's opening missive, "The Market Is a Hard Dog to Keep Under the Porch," I argued that the U.S. stock market ...

The Market Is a Hard Dog to Keep Under the Porch

* The U.S. stock market remains materially overpriced * I would use market rallies to reduce equity exposure * Value is stretched now (financials and energy) while growth valuations are vulnerable to higher interest rates * I am looking towards some...

Trades

The only trade I made all day was the premarket cover of my Plug Power  short.

Plug Power Is a Mess and I Won't Buy It

Plug Power Is a Mess and I Won't Buy It

Buying PLUG because it's a green energy name is not a good enough reason. Until we know more, this name is purely speculative.

Spec Tech as in Dreck

* Even a blind squirrel (like me!) gets lucky now and then! * Large price declines in speculative gewgaws (that I am short) were plenty yesterday * Some of my spec shorts - CAN, MARA, PLUG (-25%!), RIOT - fell, on average, by over -10% each in Tuesd...

Housekeeping Item

I have covered my short between $33-$34 in premarket trading.    

Un-Plugged

"Just one more thing." -Lt. Columbo   One of my speculative gewgaw shorts, , was down $5 a share in the regular session and fell another $5 after announcing its intention to restate its 2018 and forward financial statements. More tomorrow.  

Is This Pullback a Buying Opportunity? Let's Check the Charts

Is This Pullback a Buying Opportunity? Let's Check the Charts

Here's a look at the broader market via the S&P 500 and a trio of stocks that recently have pushed significantly downward.

Bearish Bets: 2 Recently Hot Stocks You Should Consider Shorting This Week

Bearish Bets: 2 Recently Hot Stocks You Should Consider Shorting This Week

These Nasdaq names are displaying both quantitative and technical deterioration.

The Meme Stock Carnage Won't Last Forever

The Meme Stock Carnage Won't Last Forever

Here's a trade in one of my favorites.

Today's Trades

Additional add on longs today - and Additional add on shorts today - , , , and . New short and add on today-

A Word About Speculating in Shiny Objects Du Jour

* The sky is falling for the shares of many of the gewgaws of yesterday or of the week before! * I remain short the stuff that "they" have been buying * History rhymes...  Some on our site and elsewhere have recoiled privately and publicly at my vie...

Short Adds

I have added to the following shorts: , , , , , and .