The Actual Recommended
Plug Power Weekly Options Trade.....
** OPTION TRADE: Buy PLUG DEC 31 2021 28.000 PUTS at approximately $1.00.
- at close Friday the price was $0.95 – adjustments needed to be made
accordingly as the futures price continued to tank..
Plug Power Weekly
Monday, December 20, 2021
- Bought at 9:30 for $1.50
- Sold at 1:34 for $2.00
Total Potential Profit is 25%
It is very likely that Plug Power stock will
continue to drop if the market continues in a negative way.
Join us and see
what other trades we are proposing!
The Original Major
Catalysts for the PLUG POWER Weekly
concerns are largely at the forefront of traders’ minds, which includes fears
of lockdowns in the wake of the omicron coronavirus variant and rising
inflation. Shares of companies in growth phases were hit the hardest last week
as they typically also often command premium valuations when the going is good.
Last week saw a rough
week for alternative energy stocks, with shares across the board feeling the pressure. One
notable loser include was Plug Power Inc (NASDAQ:
PLUG), closing the week
down by approximately 10%. And this morning looks to be much of the same!
Inflation is the dominant
theme on Wall Street according to the futures market. While COVID-19 issues
linger, it is inflation that poses the most risk to the market.
Last week, the PPI figure
came in much hotter than expected at the headline, core, and YOY levels
pointing to another increase in CPI down the road. With CPI already running
well above 2.0% for going on 10 months, it is no wonder the FOMC finally
decided to act. The risk for the market now is that inflation will continue to
run hot for the next 2 - 3 months and force the FOMC to accelerate its timeline
Global stock markets also tumbled Monday amid concern about the latest
coronavirus variant and tighter Federal Reserve policy.
London and Frankfurt
opened sharply lower. Shanghai, Tokyo and Hong Kong also fell at the start of a
trading week that will be shortened by Christmas. As well, Benchmark U.S. oil
fell by more than $3 per barrel.
The spread of the omicron
variant has fueled fears that renewed curbs on business and travel might worsen
supply chain disruptions and boost inflation.
“Omicron threatens to be the Grinch to rob
Christmas,” Mizuho Bank’s
Vishnu Varathan said in a report. The market “prefers safety to nasty
Also, bear-in-mind, this
week will be all about the Santa Claus Rally and whether or not it will come.
Traditionally the time between Christmas and New Year, the Santa Claus rally is
never a foregone conclusion. What needs to be remembered this week is that it
is a holiday week, trading volume will be very light, and any move the market
makes is subject to reversal at the drop of a hat.
About Plug Power.....
Inc provides hydrogen fuel cell turnkey solutions for the electric mobility and
stationary power markets in North America and Europe. It focuses on proton
exchange membrane (PEM) fuel cell and fuel processing technologies, fuel
cell/battery hybrid technologies, and related hydrogen storage and dispensing
leading up to the turn of the millennium was a big one for Plug Power. Two
years after its founding in 1997 as a joint venture of DTE Energy Company and
Mechanical Technology Incorporated, Plug Power hit the public markets and held
its initial public offering on Oct. 29, 1999.
Plug Power shipped its first fuel cell systems for stationary power
applications. Now, more than 20 years later, Plug Power offers its fuel cell
solutions for stationary power to a variety of industries, including data
centers, railroads, telecoms, and utilities. According to its most recent
count, Plug Power's GenSure stationary power solution can be found domestically
in 3,000 locations in 46 states and abroad in 34 countries.
The Major Catalysts for
the PLUG Weekly
Inflation and Virus.....
already mentioned above.....
sights on Asia, Plug Power announced today that it has signed an agreement with
Edison Motors, a South Korean electric car manufacturer, to develop and
commercialize fuel cell-powered electric city buses. After they develop a
prototype in the second half of 2022, the two companies expect to bring the
product to the South Korean market in the first half of 2023.
buses may just be the beginning of a beautiful friendship. Speaking to the
newly forged partnership, Young-kwon Kang, chairman of Edison Motors, said, "The fuel cell electric city bus
project is just the beginning of strategic cooperation between Edison Motors,
and Plug Power," adding that "In
the future, we hope to partner on other mobility applications including trucks,
vessels, drones, and PAVs. We believe that our combined technology and know-how
in electric buses will position us to sell fuel cell-powered electric buses not
only in Korea but also in other overseas markets."
Power has a long track record of announcing promising deals but failing to
deliver specific financial details of the partnerships. While the new deal may
help Korean city dwellers get around town with the help of Plug Power's fuel
cell engines, it's unclear whether the company will be able to recognize a
profit from the endeavor.
Power initially made its hay by providing fuel cell systems, the company has
articulated a long-term vision of diversifying its business by producing green
hydrogen. The company is a little closer to realizing that plan thanks to an
agreement that it announced last week. Plug Power is partnering with Certarus,
a deliverer of compressed natural gas and hydrogen to industrial and commercial
customers, to develop a hydrogen infrastructure. Beginning in the first quarter
of 2022, Plug Power will provide Certarus with up to 10 tons of green hydrogen
daily, sourced from facilities in its burgeoning North American hydrogen
production network, for delivery to a variety of customers, including mining,
power generation, natural gas midstream, and industrial energy users.
the partnership, Andy Marsh, Plug Power's CEO, said, "We are building out a green hydrogen ecosystem, with the goal to
deliver 500 tons per day of green hydrogen by 2025 and 1,000 tons per day by
2028. The partnership with Certarus is a meaningful step in building out the
green hydrogen ecosystem to serve large energy sectors and in providing Plug
Power the ability to flex and scale our overall delivery capabilities."
lack of enthusiasm regarding Plug Power's deal with Certarus is hardly
surprising since financial terms of the deal were nowhere to be found in the
announcement of it.
Shareholders recognize Plug Power as a promising growth company, but it
seems that the exuberance around the stock's promise may be waning as investors
look for material improvements in the company's financials -- not merely news