There is no takeover plans in the near future. GE is not buying this company anytime soon.
This company does have a bright future though which is not accurately reflected in the share price.
And some companies have no Chinese markets exposure.
PLUG does not sell equipment to China. PLUG has minimal Chinese exposure.
The majority of PLUG's clients (Walmart, BMW, Honda, Krogers, Home Depot, etc.) have exposure to China as they buy their goods from China. If China slows down and the Chinese Renimbi becomes cheaper, these companies can buy their goods even cheaper from China. This will lead to increased US business and more need for PLUG's products.
The Chinese slowdown should not affect PLUG's sales and revenue.
I heard that PLUG is heading down to $1.81/share.
I will start to buy more very shortly. While I don't like buying stocks on their way down, this is an excellent value buy.
Their competitors are manufactured in China and will have lower production costs. This will hurt Fitbit's sales or profitability if they also lower prices to match.
At least FIT is held in US dollars so if you are living in a foreign country, your US dollars will be worth more. Unfortunately, so will the cost to buy US stocks
This will drive Fitbit's stock into the $35 territory. It makes all foreign dollars less valuable and FIT reports its earnings in USD. Once the Fed raises interest rates in September, FIT will sink.....
You should see some of the girls in NY. I obssess about shorts daily. Just when I think the shorts cannot get shorter, they do. They really hang it all out. Wow.