Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Plug Power Stock Just Crashed

TheMotleyFool

0 0

Shares of hydrogen fuel cell company Plug Power (NASDAQ: PLUG) have had an amazing run over the past year -- up more than 15-fold in 12 short months. That sounds like great news for the stock, but one analyst has a different word for it: "absurd."

In a series of tweets this morning, short-seller Kerrisdale Capital Management laid out its case against Plug stock, and it appears to be having an effect on the stock already. Plug shares are down 6.5% as of 11:30 a.m. EST. But what specifically does this analyst have against the company?

Image source: Getty Images.

Source Fool.com

Like: 0

PLUG

Share