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NKLA, link here.
Plug, link here. And, over at Investor's Business Daily.
PLUG stock plunged after the market close on March 16, as the company announced it was restating financial statements for fiscal 2018 and 2019. Shares are not in buy range nor are they currently forming any base patterns.
The company said it found accounting errors mostly related to noncash items, including how it classified some costs. Plug Power said it will also restate quarterly filings for 2019 and 2020. It added that no misconduct was detected.
"The revised accounting will change how the company accounts for certain transactions and items, but is not expected to impact the company's cash position, business operations or economics of commercial arrangements," Plug Power said in a statement.
The company said previously stated targets remain unchanged, including gross billings of $475 million in 2021, $750 million in 2022 and $1.7 billion in 2024.
Plug Power's relative strength line has come down from its highs in January, but is trending upward again. Its RS Rating is a perfect 99. With a mediocre Composite Rating of 54, Plug Power ranks No. 18 in the Energy-Alternative-Other industry group.
Disclaimer: this is not an
investment site. Do not make any investment, financial, job, career,
travel, or relationship decisions based on what you read here or think
you may have read here.
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Wine, Beer, Water --- In Perspective
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