- Plug Power (PLUG -7.7%) earlier this morning tripped a Nasdaq short-sale circuit breaker following news late yesterday that it was selling an additional 15M common shares, sending shares nearly 8% lower.
- ~30% of PLUG’s shares are sold short, according to FactSet.
- Shares haven't been helped by a disclosure that the company sees Q1 revenues approximately at or moderately higher than the mid-point of previously announced guidance of $5M-$6M.
- Ballard Power (BLDP -0.1%), which supplies PLUG with its fuel cells, and FuelCell Energy (FCEL -1.5%) also are lower.
Plug Power plunges nearly 8% on secondary offer, short sales
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About PLUG Stock
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Symbol | Last Price | % Chg |
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PLUG | - | - |
Plug Power Inc. |