Which Is The Best Buying Opportunity? ZBB Energy Corporation (ZBB) and Plug Power Inc (PLUG)
New York, NY – GDP INSIDER – 04/03/2015.
This article deals with two companies: ZBB Energy Corporation (NYSEMKT:ZBB) and Plug Power Inc (NASDAQ:PLUG)
ZBB Energy Corporation (NYSEMKT:ZBB) posted further strong gains yesterday with the stock climbing another 13.43% or $0.09 to close at $0.76. The designer and manufacturer of energy storage and power control technologies has been climbing since it announced that it had received third party validation for its new Agile Flow Battery after the battery was validated at a testing facility in Beijing, China. ZBB Energy Corporation has been outperforming the S&P 500 for most of this year so far, with the stock up 49.02% compared to the S&P 500 index which has only gained 0.39% so far this year. With RSI now at 75.45, the stock is showing no signs of stopping, but considering that it has now gained 42.06% in the last five days, it is likely that there will be some profit taking before the weekend, making it a sell at this price or medium to long term hold.
Plug Power Inc (NASDAQ:PLUG) changed track yesterday with the stock gaining rather than falling, closing up 1.59% or $0.04 to finish at $2.56. The alternative energy provider focused on the design and development of fuel cell systems for off road industrial vehicles has been steadily declining since the end of February. The reasons for this are complex, but mostly focus on the fact that Plug Power Inc is currently the victim of its own success. It has been one of the fastest growing alternative energy companies over the last two years and the stock is now falling back to a more realistic level, as investors move en masse out of any stock related to energy. However, the stock has now traded down so far that its RSI is 36.95 and approaching a bullish MACD crossover, which could signal its recent decline is over. Definitely worth holding and a speculative buy at this price.
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