Plug Power: 5 Reasons Why This 209% Gainer Hasn't Run Out Of Steam Yet - Plug Power, Inc. (NASDAQ:PLUG) | Seeking Alpha
Here is an outstanding article about Plug Power (PLUG). The stock has seen a 24% decline in the past three months, but PLUG is still up more than 200% in 2014. The bottom floor of the stock seemed to be put in at around $4 per share. A secondary stock offering a few weeks ago may be one of the causes for the company's recent struggles.
PLUG also has a high level of short interest, and this is putting a cap on the stock's advances. However, fuel cell energy is here to stay. Forklifts as well as cars will be running on fuel cell power. In fact, fuel cell vehicles have longer driving ranges than most battery cars, and the refueling time is a whole lot faster than recharging an electric car.
As the author mentioned, PLUG has a very high PE of 250. This is another reason the shorts like it. However, the company's revenues and earnings are expected to advance rapidly during the next two years. Debt is also no longer a factor with Plug Power. So, PLUG is a buy anywhere between $4 to $5 per share. It will be a volatile ride, but Plug Power will most likely double in price in the next year or two.
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