AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Plug power stock price forecast1/20/2024 ![]() are the second and third largest shareholders with an 8.8% stake each. Who Owns Plug Power Stock?Īccording to the reports, Groove Energy Capital LLC is currently the largest shareholder which owns 9.2%. Any slowdown in the economy will be detrimental to the Plug Power stock price. Even Fed Chair Jerome Powell has acknowledged the possibility of a mild recession. Many analysts are expecting the US economy to enter a recession in the second half of 2023. However, you must define your risk constraints before investing in any stocks. ![]() The best way is to buy Plug Power stock on online broker sites like Robinhood, eToro, and Interactive Brokers. There are many ways to gain exposure to the price action of Plug Power share price. Plug Power CEO On 2024 Profitability How To Buy Plug Power Stock? This may give a good mid term trade for a major relief rally on a higher timeframe. If you are investing for the mid-term, then you need to watch for a reclaim of the $13 resistance very carefully. First of all, you must determine the timeframe of your investment. Actually, the investment expectations of every individual may vary. The last person you should ask for financial advice is some random guy on the internet. Thirdly, many new competitors may emerge in the coming years which may give Plug Power Inc. Secondly, the adoption of electric vehicles will be another significant variable. Firstly, the macroeconomic landscape of the world will determine the liquidity in the markets at that time. The Plug Power stock price prediction 2030 depends on a lot of factors. The price of any asset 7 years from now is anybody’s guess. This Plug Power stock forecast will be only valid if the shares break above $13. Therefore, if the US economy doesn’t enter into a major recession in the coming years, I expect the price to trade within the $13-$32 range by 2025. NASDAQ: PLUG Daily Chart Plug Power Stock Price Prediction 2025Īs shown in the chart above, in case of a reclaim of the $13 level, Plug Power share price may head towards a retest of its $32 resistance. In the meantime, you are also welcome to follow me on Twitter to keep track of my personal trades and the latest analysis on Plug Power stock. I expect a sharp rejection from this resistance in the coming weeks as the US stock becomes overheated. In the coming days, a retest of $13 is quite possible.Īs long as the price remains below $13 level, my Plug Power stock price prediction 2023 will remain bearish. While the stock has been rallying since May 2023, it still needs to break above this huge resistance level to show strength. Technical analysis of NASDAQ: PLUG shows that $13 is the most critical level on the daily chart. A reclaim of this level may trigger a strong rally. This will be a very critical retest as it is a previous support that may now act as a resistance. The latest technical analysis shows that the stock price of the fuel cell developer is heading for the retest of the $13 level. Plug Power Share Price Chart Plug Power Stock Forecast Today However, the stock remained in a tailspin due to the lack of any major developments. This ended with a $5 million settlement with the plaintiffs in 2004. Shortly after its IPO in 1999, the company was accused of securities fraud for multiple violations during its listing process. ![]() The following chart of Plug Power share price chart is not for the weak of hearts. Citi sees Plug Power as the best-positioned player in the space. The investment bank’s price target for NASDAQ: PLUG is $13, which is about 25% above the current price level. In other news, Citi has started the coverage of Hydrogen stocks and has given a ‘buy’ rating to the stock. Plug Power stock price is reacting very positively ahead of the key event. Investors are expecting some big news at the much-awaited Investor Day. Plug Power Stock Latest NewsĪccording to the latest Plug Power news, the company is going to hold a crucial investor event on 14th June. Since then, Plug Power stock has been trading on the NASDAQ stock exchange in the US under the ticker NASDAQ: PLUG. The company was founded in 1997 and became a publicly listed company after an IPO in October 1999. ![]()
0 Comments
Read More
Leave a Reply. |