PLUG ....Would be very inclined to Short here and now if I can get shares.... This baby got caught in the perfect storm today with Citron Research jumping on CNBC later to denigrate, trading whopping 244mil shares. Got pushed way too far, yest short from $11.4 worked & early prekmarket that same $11.75 area and no mas!
Hope you could get borrows, usually can tell when top is in, was a "buy the house" type fade, in fact it was a very broad sell~off type trend day down but PLUG & BLDP FCEL all were huge, what goes up comes down.
People/lemmings were paying $1B for this break even in 2014? As you saw swooned down another 30% from 9s later
Plug Power stated in slides for its presentation at the ROTH Conference today that the company is targeting to ship over 3,000 units to 20 manufacturing facilities or distribution centers in 2014 and is targeting to acheive $70M in revenue with 25% gross margin and 5% EBITDAS. The company added it expects to be EBITDAS breakeven in Q2/Q3 of 2014.
Citron was all over it on CNBC
| Citron's Left says Plug Power doesn't just miss guidance, it actively deceives | Andrew Left, author and editor of Citron Research, is speaking critically about Plug Power and the company's management on CNBC. Says he is focusing on Plug Power (PLUG) which has "noting unique," unlike Ballard Power (BLDP), another name in the same industry. Left says Plug Power technology is not new. Left is speaking on CNBC. CNBC's Brian Sullivan notes that Plug Power's CEO was invited on the show but could not participate due to the company's quiet period.
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