On Sept 21 it gaped down from 2 to 1.92 so it could push a bit below 1.92 but there is some support at 1.93
I am very long on PLUG and continue to buy the dips. I just added another 4K shrs @ 1.95
Try reading the announcement again. Clueless.
VW may actually increase purchases from PLUG to redeem its image and show interest in providing a green alternative. No harm to PLUG!!!!
The Home Depot implemented a comprehensive GenKey solution that improves productivity and eliminates lead-acid batteries in the warehouse. This included construction of an outdoor GenFuel hydrogen fueling infrastructure, installation of four indoor hydrogen-dispensing stations, and deployment of 172 Plug Power GenDrive fuel cells in the center's forklift trucks. The package also includes GenCare aftermarket service and support.
Tomorrow HD will open a new state of the art D/C. It will have all of it's lift trucks powered by H2 fuel cells supplied by PLUG Power!! Just one of many more HD sites to convert from battery to fuel cell fork lifts.
Sentiment: Strong Buy
Many companies are taking small-scale gambles on hydrogen power to evaluate the technology for the future. Shipping giant Federal Express flushes tons of money every month on fuel moving stuff from place to place, so it's only natural that they'd look into hydrogen as a way to mitigate those costs. Using a grant from the Department of Energy, FedEx recently fielded 15 hydrogen-powered cargo tractors at their Memphis, Tennessee shipping hub. That's just 1% of the total fleet, but it's a start. The company has also installed a test platform for hydrogen-powered forklifts at a facility in Missouri.
Does PLUG have and FC sites near Joliet well maybe. Amazon.com, Inc. (NASDAQ:AMZN) today announced plans to open a nearly 500,000-square-foot fulfillment center in Joliet, Ill. The site, which will create 1,000 full-time jobs when it opens, is the company’s first in the state.
“The company is not only the leader in the e-commerce sector, but it also will create quality jobs for a diverse community throughout Joliet and Will County.”
“We are excited to create 1,000 great full-time jobs in Illinois with competitive wages and comprehensive benefits starting on Day One,” said Mike Roth, Amazon’s vice president of North America operations. “We are grateful for the support of local and state leadership in helping to bring Amazon to Illinois and we look forward to being an active member of the community.”
"We are thrilled that Amazon has chosen Joliet as the location for its new Illinois fulfillment center,” said City of Joliet Mayor Bob O'Dekirk. “The company is not only the leader in the e-commerce sector, but it also will create quality jobs for a diverse community throughout Joliet and Will County.”
Amazon employees at the fulfillment center will process smaller items, such as books, electronics and consumer goods.
Awhile back L/A sold 5.2 million shrs $4-5 and now have 4.8 million shrs @ $2.40 a real nice trade on their part! So now they will wait and maybe do it again? They control about 10 million shrs. PLUG goes much higher. Big support in EU with L/A owning some PLUG.
Get ready EU PLUG has a great big market there and keys is:
A larger stake for Plug Power in Europe follows in line with the strategic path we've established to grow to a $500 million revenue company," said Andy Marsh, CEO of Plug Power. "The appropriate sales and engineering staff are in place, and we will now move bullishly to broaden our presence in the European material handling market. I'd like to thank Air Liquide for its years of partnership and am pleased that our work together will continue as we develop the hydrogen economy in Europe."
Plug Power Inc.'s stock gained 4.64%, to close Tuesday's session at $2.48. The stock recorded a trading volume of 4.02 million shares, above its three months average volume of 2.59 million shares. Over the last one month and the previous three months, Plug Power Inc.'s shares have lost 4.62% and 7.12%, respectively. Additionally, the stock has declined 17.33% since the start of this year. The company is trading 3.15% and 20.32% below its 50-day and 200-day moving averages, respectively. Furthermore, Plug Power Inc.'s(PLUG) stock has an RSI of 52.58. The complimentary notes on PLUG can be downloaded .
Equity Research Institute keyword=PLUG
Home Depot Inc. (HD) has agreed to buy Interline Brands Inc., a direct marketer of repair products, for $1.63 billion in cash, in a move to expand its distribution network.
The deal is expected to add to Home Depot's(HD) earnings this year.
Jacksonville, Fla.-based Interline adds a distribution network of more than 90 locations, including those in Canada and Puerto Rico, Home Depot(HD) said.
The deal is expected to be closed before November.
In addition, Home Depot Canada President Bill Lennie has been named executive vice president of outside sales.
In May, Home Depot(HD) reported strong sales growth helped by healthy spending among wealthier Americans in an improving housing market.
More sites for PLUG!!!!