Plug Power bounces off lows on Diageo deal chatter

|About: Plug Power, Inc. (PLUG)|By:, SA News Editor

Plug Power (PLUG -0.5%) is getting whipped around by longs and shorts today; shares are lifting off lows of the day caused by Kerrisdale Capital's negative take on the company, with chatter of a contract with beverage maker Diageo (DEO) behind the move.

A Diageo deal, if it's more than just a rumor, could be larger than the current deal PLUG has in place with Wal-Mart, as it has more up-front units for multiple locations.