Followers | 23 |
Posts | 8861 |
Boards Moderated | 2 |
Alias Born | 08/17/2015 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, October 03, 2023 4:07:30 PM
Plug Power (NASDAQ:PLUG) -4.4% in Tuesday's trading, on track for its lowest closing price since June 2020, with Cowen analysts detecting a jump in short seller interest for Plug and other electric vehicle and alternative energy stocks in recent weeks.
Short seller interest in Plug Power (PLUG) rose 2.2% from late August to mid-September, the third largest increase, behind only a 4.8% jump in short interest for electric pickup truck maker Nikola (NKLA) and a 3.7% increase in shares of electric delivery van maker Workhorse (WKHS).
Plug (PLUG) and other alternative energy shares fell sharply on Monday, as investor sentiment was hit by high interest rates that have caused surging financing costs for growing companies that are still losing money.
Plug (PLUG) lost $236M, or $0.40/share, in its most recent quarter, on revenue of $260M, up from $151M a year earlier, but operating losses have been rising along with revenue rather than narrowing.
Truist Securities also lowered its price target for Plug (PLUG) to $8 from $9 while maintaining a Hold rating, as the company "remains a 'show me' story," particularly after it pushed away from its hydrogen production targets.
Some solar and alternative energy stocks - but not all - are adding to Monday's sharp declines: (RUN) -6.2%, (BE) -5.6%, (NOVA) -3.8%, (FSLR) -3.2%, (SPWR) -3.2%, (ENPH) -3%.
Jack : From $75 to $6.50, the Shorts have already made a killing.
The only positives to worry about are some Gov't Handouts, but if these are delayed, there is still room below these levels, as low as $3.00's. by year end.
Had the Gov't closed, shorting would have been a cinch, but now caution is necessary.
Jeff : absolute scam of a stock. Glad to see so many idiots gettting crushed in this
Recent PLUG News
- Form 8-K - Current report • Edgar (US Regulatory) • 07/22/2024 09:10:58 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/19/2024 08:01:31 PM
- Plug Power Inc. Announces Pricing of Public Offering of Common Stock • GlobeNewswire Inc. • 07/19/2024 11:12:18 AM
- Microsoft Shares Drop 2% and CrowdStrike Plunges 21% Pre-Market Following Major Global Outage • IH Market News • 07/19/2024 10:01:22 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/18/2024 08:02:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/18/2024 08:01:31 PM
- Plug Power Inc. Announces Proposed Public Offering of Common Stock • GlobeNewswire Inc. • 07/18/2024 08:01:00 PM
- Plug Completes 13 Hydrogen Refueling Station Deployments Over Last Two Years in Europe • GlobeNewswire Inc. • 07/10/2024 11:00:00 AM
- Plug Delivers and Commissions over 95 MW of Electrolyzer Capacity Globally • GlobeNewswire Inc. • 07/09/2024 11:00:00 AM
- Plug to Receive Federal Clean Hydrogen Production Tax Credit at Georgia Hydrogen Facility • GlobeNewswire Inc. • 06/28/2024 11:00:00 AM
- Plug CEO Andy Marsh to Participate in the 10th Annual ROTH London Conference • GlobeNewswire Inc. • 06/26/2024 11:00:05 AM
- Plug Reaches 7.5 GW in BEDP Contracts for Global Electrolyzer Projects • GlobeNewswire Inc. • 06/25/2024 11:00:23 AM
- Plug Secures 25 MW PEM Electrolyzer Deal for Major European Customer • GlobeNewswire Inc. • 06/21/2024 11:00:45 AM
- Plug Receives Industry Certification for its High-Powered Stationary System • GlobeNewswire Inc. • 06/20/2024 01:20:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:34:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:33:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:32:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:31:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:31:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:30:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 01:00:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 01:00:29 PM
- Plug to Webcast Annual Shareholder Meeting on June 5, 2024 • GlobeNewswire Inc. • 05/30/2024 09:55:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:40:29 PM
- Form 424B7 - Prospectus [Rule 424(b)(7)] • Edgar (US Regulatory) • 05/24/2024 08:02:55 PM
FEATURED Cannabix Technologies to Deliver Innovative Breath Logix Alcohol Screening Device to Texas, USA • Jul 29, 2024 9:07 AM
INDEXR AI Merges With Moon Equity Holdings Corp. (MONI), Creating a Leading-edge Technology Company • MONI • Jul 29, 2024 9:59 AM
BNCM AND DELEX UNVEIL POST-MERGER MANAGEMENT PLANS • BNCM • Jul 29, 2024 9:00 AM
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM