Amit Ghate
Long/short equity, value

Revisiting A Plug Power Short Position

On March 10, 2014, I published an article here on SA laying out the 5 principal reasons for which I was short shares of Plug Power (NASDAQ:PLUG). Fortuitously, the very next day, Andrew Left of Citron Research published similar thoughts, but presented in a much more colorful and impactful way, resulting in the stock plunging more than 50% from its highs.

Given the violent price swings recently, I've traded around my short position, but now, a month later, the question becomes: where does the short thesis currently stand? At least three major events have occurred since I wrote my original article, so I believe it's worthwhile to reconsider the short thesis in light of these.

Development #1: PLUG...

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