Plug Power Inc (PLUG): Plug Power: The Definition Of An Inflection Point - Seeking Alpha

Plug Power Inc (PLUG): Plug Power: The Definition Of An Inflection Point - Seeking Alpha

This is another great article by Charles Fox about the tremendous rise of Plug Power (PLUG).  The company booked 80% of their 2013 revenues during the last three months which means their sales are exploding.  I estimate that their forklift business can grow 10-20 times from here, especially if you factor in European and Asian partners.  They also have recurring sales of hydrogen supplies.  In addition, they have new products such as fuel cell extenders and refrigeration units for trucks.  The refrigeration business could be massive.

This is a true multi-bagger stock.  I own shares of the company, and I will buy more on significant pullbacks in the stock price.  It will take several years to achieve greatness, though, and a person needs to be able to hold on through many ups and downs.  For example, Google sold for $85 per share at its IPO, and it has grown more than 10 times in less than 10 years.  I believe the same will become true for Plug Power.  You could use a charting technique such as a 200-day moving average to determine when the large pullbacks occur so that you can buy more shares.  However, in Plug's case while the stock is stabilizing, a shorter 34-day moving average might work well for buying more shares.  Anyway, I believe Plug is a rare chance to see a multi-bagger stock unfolding in such a way that you will be able to make a lot of money.