PLUG Power has always been a stock of interest to me. It is the leader in a group of companies I refer to as the "Clean Crew".
This group of companies focuses on alternative energy sources mainly in the automotive industries. Similar Companies like Ballard Power focus primarily on Hydrogen Fuel cells for forklifts.
Plug works to replace existing acid batteries with Proton Exchange membrane fuel cell technology mainly in industrial vehicles, but this is not the important part.
In my experiences, PLUG is extremely susceptible to positive or negative news releases. Its prices fluctuate wildly in either an upward or downward direction quickly after drastic announcements.
After a news release that Ballard Power and PLUG Power would be signing a contract with Wall Mart to supply 1600 fuel cells to their warehouse forklifts the stock saw unprecedented gains over a very short amount of time.
I was lucky enough to capitalize on a good chunk of this time and make a portion of money which was nothing to scoff at (at least in my opinion) and i am looking to do it again.
On Tuesday the 17th PLUG releases its quarterly report, and while there is mixed sentiment towards their position, one thing is very clear, if they release information of a similar contract (one such contract with Coca Cola has been in the rumor mill for some time now) there will be immediate and massive gains.
I have a special place in my heart for PLUG power and thus will be keeping a very close eye on the news as they release their market report, with any luck they have broken through to profitability this quarter and will be taking off back to their long forgotten highs.
It is certain that PLUG has massive potential, lets see if they cant get back on the road to realizing it.
Provided is a Link to an article from InvestorPlace about PLUGS upcoming reveal and what it could potentially hold.
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