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Plug Power Inc. (PLUG), a penny stock, is up 63% year to date and is one of the best performing penny stocks so far in 2011. I currently have no position either long or short.  While PLUG stock is rocking, the chart is still a little iffy.

Plug Power Inc., a provider of alternative energy technology, involves in the design, development, and manufacture of fuel cell systems for industrial off-road markets and stationary power markets. The company develops and sells a range of fuel cell products and services, including hydrogen fuel cell low-temperature Proton Exchange Membrane (PEM) systems for motive and stationary power and a high-temperature fuel cell system for residential and light commercial co-generation.

Plug Power (PLUG) Recent News


By eliminating battery infrastructure, Coca-Cola will improve energy efficiency and recover more than 2,000 sq ft of facility space

January 13, 2011 – Plug Power Inc. (NASDAQ: PLUG) and Coca-Cola Refreshments USA (NASDAQ: KO) announced plans for a new fleet of GenDrive™-powered Caterpillar lift trucks at Coca-Cola’s 250,000 sq. ft. bottling and distribution center in San Leandro, CA.

The GenDrive fleet at Coca-Cola’s facility will include 37 Class-1 sit down counterbalanced trucks. Previously using lead-acid batteries as a power solution, Coca-Cola is making the transition to GenDrive to take advantage of the increased productivity and improved space utilization offered by the technology.

Tags: 2011, cells, fuel, hot, penny, plug, power, stocks

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Replies to This Discussion

Is there anything you're looking for from a technical standpoint?
PLUG needs to make some higher highs and higher lows to break out of this downtrend. Resistance is $0.75 judging by the chart STB posted, which is the 52 week high and also hod.
Well I will not buy PLUG under $1.00 but if it breaks $0.81 it could really move.
I made a quick 7% on it today. I set a stop because I was a little nervous about it. I'll be watching .81! Thanks!!
I made 20% with plug. lol issue with plug is that it might get delist because its under $1 a share. I can see this stock tank if it gets delisted.
Yea with the recent news, they might release more and try to get PLUG back above $1.00 for 10 straight days to avoid delisting.
PLUG hit $0.94 today...big move higher
Looks like they will push it past 1$.........What do u think?
Thats what I thought but there is some dumping going on now... PLUG is $0.80
PLUG is back into the $0.90's after the sell off today.  Looks like it will test $1.00 tomorrow.  This would be a cup and handle on the weekly chart.
I bought 5000 shares of plug at $0.88 hopefully it will reach $1
Not sure if I should invest now or wait for it to reach $1...


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