Plug Power Inc (NASDAQ:PLUG): The Roller Coaster Ride Continues
Denver, CO, 04/08/2014, (Avauncer.com) – Plug Power Inc (NASDAQ:PLUG) shares were trading as penny stocks few time back. But then things changed for better and the stock priced spiked to $10 in a short period of time. It is not something new with Plug Power. The trend of sudden rise and fall has been witnessed in the past too. This time the reason for spike in share price is probably the Tesla effect. The spike is not restricted to plug power but is coming true for everything that is connected to Tesla Motors Inc (NASDAQ:TSLA).
What is the model?
Tesla is keen to manufacture the batteries in large numbers and also wants to extend its business by selling the batteries to other automobile manufacturers. The same model is driving the shares of Tesla and the speculation is there that Plug Power Inc (NASDAQ:PLUG) can follow the trend. It is just a speculation and nothing has been confirmed from the company.
Speculation goes on
The stock is followed by a number of investors and trades at a high volume. Even slightest news or the speculation results in the momentum of stock. It is therefore considered as one of the highly speculative stocks. At one time in 2000 it had also traded at a price of $1,400 a share.
The real news
If the speculations come true in the coming future then the company will definitely benefit. It would be able to sell the fuel cells to the other market players. The probability of getting associated with an automobile player cannot be ruled out. At this time the company also acquired the assets of ReliOn Inc., a third-party maker of fuel-cell stack technology, for approximately $4 million. The news added to the momentum of Plug Power Inc (NASDAQ:PLUG). The deal has made Plug Power to have its own fuel cell stack technology that is going to have a significant positive impact on company’s performance in coming days.DISCLAIMER: This content is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. - Contact us at support @ avauncer dot com if you have any questions or comments.