As an investor, you have to inform yourself and weigh up the chances of value increases and risks, up to total loss. The fact that a company can be traded on the stock exchange does not guarantee the success of the investment. The following information does not constitute an investment advice or an invitation to purchase or trade securities. The level of prices is decided solely by the investors with their buy and sell orders. Upside trajectories range from the $20.17 fib level up to the $25.59 fib level.The task of the stock exchange is to provide an infrastructure for the trading of financial instruments.

The daily upper BBs sits at $20.53 with the 50-period MA falling at $20.95. The daily lower BBs sits at $13.48 as the stochastic formed a mini inverse pup falling under the 80-band. The daily rifle chart uptrend is starting to break down as the daily 5-period MA starts to fall towards the 15-period MA at $17.44. The weekly market structure low (MSL) buy triggers a breakout over the $17.20. The weekly stochastic is stalling at the 20-band. The weekly lower Bollinger Bands (BBs) sit at $11.78. The weekly rifle chart downtrend has a falling 5-period moving average (MA) resistance at $16.88 as it nears the weekly 200-period MA support at $15.40 followed by the falling 15-period MA at $21.91. The weekly rifle chart put in a near-term bottom near the $12.67 Fibonacci (fib) level.

Using the rifle charts on weekly and daily time frames provides a precise view of the landscape for PLUG stock. I've never been more positive about the fit between our strategic and tactical plans as I feel today.' PLUG Opportunistic Pullback Levels

We're building the category king, with clear strategic and tactical plans, and great employees that are unmatched in the industry. He concluded, 'This is the equation for success. The Company aspires to generate $3 billion in revenues by 2025 with 20% EBITDA and 17% operating income. The cost is equivalent to under $0.02 a kilowatt-hour. Olin Corporation has a waste stream of more than 350 tons of hydrogen per day. CEO March believes this relationship will be a critical element in building out its hydrogen network across the U.S. with Olin Corporation to take away some of its byproduct hydrogens. Costs will be only a third of what they are today. Services and learnings are being implemented to cut service costs by 45%, after the deployment of its green hydrogen network of which 70 tonnes will be ready by end of the year. The cost of new products will continue to fall as the Company experiences the traditional 25% learning curve for electrolyzers and fuel cells. GenDrive product has a greater than 30% gross margin. The performance is scalable to meet and exceed the goal. The Company is committed to booking 1 GW in electrolyzers this year. He boasted of 80% annual growth expected in a $10 trillion opportunity in green energy.

He noted that Plug's future is not based on the present economy, but on the future. Plug Power CEO Andrew March noted that macroeconomic conditions are challenging stemming from inflationary pressures and supply chain disruptions. Revenues grew 95.7% year-over-year (YoY) to $140.08 million missing the $143.99 million consensus analyst estimates. The Company reported an earnings per share (EPS) loss of ($0.27) excluding non-recurring items, missing consensus analyst estimates for a loss of (-$0.16), by (-$0.11). On May 9, 2022, Plug Power released its fiscal Q1 2022 results for the quarter ending in March 2022. MarketBeat Fiscal Q1 2022 Earnings Release Prudent investors looking for exposure in the clean hydrogen fuel cell segment can watch for opportunistic pullbacks in shares of Plug Power. The Company has plans in place to ultimately lower its service costs by 45% driven by the deployment of its green hydrogen network. On May 17, Plug Power announced it received a 1 GW contract with H2 Energy Europe for a hydrogen production complex in Denmark, which is planned to become the world's largest capacity electrolyzer installation. Rising energy costs have brought more attention to clean and renewable energy options. The leading turnkey comprehensive hydrogen fuel cell (HFC) solutions provider's shares rode the clean energy and ESG hype reaching a high of $75.49 in January 2021 before plunging as low as $12.70 in May 2022. Hydrogen fuel cell technology provider Plug Power (NASDAQ: PLUG) stock has gotten scorched trading down (-44%) for the year.

Plug power stock