Plug Power -8.2%, hits short-sale circuit breaker


Trading in Plug Power (PLUG -8.2%) triggered a securities short-sale circuit breaker earlier this afternoon after shares dropped as much as 9% and more than 17% so far this week following big gains in previous weeks.

PLUG shares opened strong yesterday but faded after Volkswagen shot down rumors of a deal between the two companies.

CNN's Kevin Kelleher worries PLUG is more than just another classic speculative rally run amok - it is a symptom of an increasingly erratic market suggesting not just a tolerance toward but also a growing appetite for deals that can't be rationalized.

Ballard Power Systems (BLDP), which provides fuel cell stacks to PLUG equipment, -7.5%.

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Comments (16)
  • LYogi
    , contributor
    Comments (3107) | Send Message
     
    Unlike PLUG, BLDP actually DOES have a deal with Volkswagen and is in talks with two other OEMs.

     

    The recent mania in PLUG was misplaced because it actually looks to have a foundation in Ballard which has the IP and diverse applications for their fuel cell technology to become a major player in the clean energy sector.
    18 Mar 2014, 02:36 PM Reply Like
  • Sellinpanic
    , contributor
    Comments (890) | Send Message
     
    PLUG is nothing more than a speculative casino stock, I sold my position from $1.66 since I really don't agree with the fundamentals or the future viability of the company's business model as articles or other commentators on SA disclose.
    18 Mar 2014, 03:14 PM Reply Like
  • User 11106911
    , contributor
    Comments (24) | Send Message
     
    Are people that stupid??? Ballard not only has a 4 year contract with VW but they have 2 other OEMs in talks, as per their last CC. Ballard has most of the FC IP not PLUG. Ballard is and has always been the leader of this technology.
    18 Mar 2014, 03:33 PM Reply Like
  • pensaman
    , contributor
    Comments (214) | Send Message
     
    Ballard has service contracts with 7 auto giants. Toyota has validated cold and hot weather operation. In military spec lingo they have validated and verified. .. Meaning they are completing qualification testing in real life conditions outside the lab. Cramer and Dana uses outdated data saying that GE competes in that space. Now you know how desperate shorts are. Plug has 98% of the customer needs to be fulfilled if they want to follow shrewd Walmart& Proctor & Gamble, Sysco, BMW, Wholefoods. Ballard facilities cannot meet all the needs and they Mexico and China to start ramping up. Ballard has qualified these countries to get started. India and China's needs will be awesome. They want to get the Opex and Capex benefits too.
    TATA & Reliance and TVS are not far behind. They know what we are doing here. The smog is killing their citizens. America still leads and Cramer still farts like an old man.
    18 Mar 2014, 03:54 PM Reply Like
  • GoGowadof100s
    , contributor
    Comments (128) | Send Message
     
    Timberrrrrrrr
    18 Mar 2014, 04:02 PM Reply Like
  • Imperative Ideas
    , contributor
    Comments (11) | Send Message
     
    The short sale circuit breaker doesn't matter for Ballard. They have only 2.93% short interest. We're probably seeing the result of call interest, and the dreaded margin calls, depressing value early this week. We're hitting the end game on this correction cycle though and I expect BLDP will recover a lot faster than PLUG, which is trading about 4x higher than its competitors based on projected future market capitalization in their sector.

     

    PLUG, on the other hand, is at 35.65% short interest. That's terrifying. Although it also signifies that a bottom is coming soon for them, too.
    18 Mar 2014, 04:11 PM Reply Like
  • ballerfacemcgee
    , contributor
    Comments (3) | Send Message
     
    Added to my position in BLDP today. Only up from here.
    18 Mar 2014, 05:27 PM Reply Like
  • pensaman
    , contributor
    Comments (214) | Send Message
     
    Cramer thinks people cannot google. His underling Dana cannot check dead websites for data conformity. idiot Cramer, I dare call him Idiot, so sue me Bozo ... Thinks and write GE my old company is still competing with Plug and Ballard. Wake up Bozo. Ring that gong and say you have been hoodwinked by your underlings and suck up. You lost your marbles for your hedge fund bozos.
    18 Mar 2014, 05:40 PM Reply Like
  • GoGowadof100s
    , contributor
    Comments (128) | Send Message
     
    i feel sorry for you pensaman, your stuck holding the bag no doubt. plug will trade into the 4's by friday
    19 Mar 2014, 12:07 AM Reply Like
  • tigru1
    , contributor
    Comments (26) | Send Message
     
    nice ride !! i will by same more at 4$
    19 Mar 2014, 12:53 AM Reply Like
  • novin
    , contributor
    Comments (11) | Send Message
     
    I will buy plug @ 50 Cents in April. Just my opinion and no I am not short.
    19 Mar 2014, 02:49 AM Reply Like
  • lag olestra
    , contributor
    Comment (1) | Send Message
     
    One day PLUG back to $1500?
    19 Mar 2014, 09:02 AM Reply Like
  • tigru1
    , contributor
    Comments (26) | Send Message
     
    just keep buying !!
    26 Mar 2014, 01:17 AM Reply Like
  • JAY PATEL@ Wall Street
    , contributor
    Comments (11) | Send Message
     
    $PLUG downward moments are just started, it will even go down further.

     

    Reason: If it holds a good price till 8th of May then there are chances that AirLiquid will convert their preferred stocks in to 11 million common stocks and will be the largest stake holder in $PLUG. There is no way other big investors will just watch this happening silently. They have poured more money in $PLUG than AirLiquid. So if $PLUG maintains the stock price above 6 then other investors especially from Russia will be greatly dissatisfy from the fact that despite of they poured more money in $PLUG they are not a biggest stake holder. So people will force PLUG to go even below 4 before 8th of May reaches. Also this kind of dis-agreement between big investors is not at all good for PLUG as well.
    21 Mar 2014, 10:15 AM Reply Like
  • rfcoins@bellsouth.net
    , contributor
    Comments (2) | Send Message
     
    What about FCEL?
    21 Mar 2014, 04:56 PM Reply Like
  • tigru1
    , contributor
    Comments (26) | Send Message
     
    this is the time to buy
    26 Mar 2014, 01:17 AM Reply Like
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