Are Plug Power Inc (PLUG), Molycorp Inc (MCP) and Alpha Natural Resources Inc (ANR) Now Undervalued?
New York, NY – GDP INSIDER – 03/18/2015.
This article discusses three companies: Plug Power Inc (NASDAQ:PLUG), Molycorp Inc (NYSE:MCP) and Alpha Natural Resources Inc (NYSE:ANR)
Plug Power Inc (NASDAQ:PLUG) hit a 52 week low yesterday of $2.43 before recovering, to close down 5.09% or $0.14 at $2.61 on very active trading of 9.014 million shares. The fall began after the industrial fuel cell developer announced its fourth quarter and full year financial results which showed a higher than expected loss of $7.2 million or $0.04 per share. Revenues were also below expectations at $21.5 million compared to the market consensus estimate of $26.3 million. With RSI now at 32.40, the stock should bounce back but for now is at best a hold.
Molycorp Inc (NYSE:MCP) plummeted 35.30% or $0.26 yesterday to close at $0.4788 with more than 11.510 million shares changing hands, compared to its three month average trading volume of 5.790 million. The massive drop came after the rare earths company issued its fourth quarter and full year financial results after the market closed on Monday that showed a net loss per share of $0.39 per share in the fourth quarter, well below the market consensus estimate of $0.26. With Molycorp Inc already facing delisting from the NYSE it is best to sell at this time.
Alpha Natural Resources Inc (NYSE:ANR) continued to decline yesterday with the stock closing down 5.50% or $0.047 at $0.8093 on lightly higher trading of 9.413 million shares, compared to its three month average trading volume of 6.235 million. The metallurgical coal producer has been declining for most of the year so far, with the stock down 51.50% YTD compared to the S&P 500 index which is up 0.74% for the same period. With RSI of 23.08, the stock may be undervalued, but with the coal industry in decline it is better to sell than hold for now.
UltimateStockAlerts.com provides investors and traders with trading strategies via text message and email. To obtain text message stock alerts service text the word ULTIMATE to 555888 from your cell phone.
UltimateStockAlerts continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
Disclosure: UltimateStockAlerts is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit www.UltimateStockAlerts.com website, for complete risks and disclosures.