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PLUG
Benzinga
169 days

Plug Power Stock Nears Oversold Territory: Will Q4 Earnings Be The Turning Point?

1. PLUG faces expected Q4 loss of 23 cents per share. 2. Stock has declined 59.72% over the past year. 3. Technical indicators show bearish momentum for PLUG. 4. Analysts project 82% upside with a price target of $4.99. 5. Stock trading around $1.50, indicating current market sentiment.

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FAQ

Why Bearish?

PLUG's significant annual decline and bearish signals suggest sustained downward pressure, reflecting similar past disappointments.

How important is it?

The article discusses upcoming earnings in a bearish context, which can directly affect investor sentiment and stock performance.

Why Short Term?

Immediate earnings report and current market dynamics present short-term negative trends for PLUG.

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