However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we have a Zacks Rank #2 (Buy) on PLUG, so we clearly don’t believe in the negativity surrounding this firm, and are instead looking for shares of PLUG to move higher in the weeks ahead.
Is A Short Squeeze Ahead for Plug Power Inc (PLUG)?
Many investors appear to be quite bearish on Plug Power Inc (NASDAQ:PLUG), especially if you look at the percentage of the float that is sold short for this stock. Currently, 23.2% of the float is sold short, suggesting an extreme level of bearishness for PLUG.