Is A Short Squeeze Ahead for Plug Power Inc (PLUG)?

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.

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.

PLUG POWER INC (PLUG): Free Stock Analysis Report

Exclusive: Third Point Expands Private Equity Business With New $300 Million Fund

Nestle Dan Loeb Daniel Loeb third point capital hedge fund manager activist investor poison pen activism Yahoo corporate governance famous investorsDan Loeb's Third Point recently completed the first close for TPVC, its new dedicated private growth-stage fund. The $300 million fund is part of Third Point's private investing strategy. At the end of February, Third Point managed $16.5 billion overall for clients around the world. New talent According to an investor update dated March 5th Read More

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