Top 10 Reasons Why Plug Power Is An Attractive Stock Right Now – Fundamental And Algorithmic Analysis
Summary
- The company is on the right track to success with revenues and gross profits increasing at a steady rate since 2013.
- Algorithmic analysis is very bullish about Plug in the short, medium, and long term.
- There are oil, competition, and industry risks involved with an investment in this name.
While Plug Power's fundamental analysis and technical analysis looked good coming into 2014, the algorithm strongly correlated Plug Energy with oil. Its strong bearish forecast for oil (which eventually declined 50%), resulted in astrong bearish signal for Plug, which saw its stock lose 12.5% through 2014 in accordance with the algorithm. Right now the algorithm is very bullish on PLUG in the short, medium and long term.
