In the following I'll endeavor to outline the five primary reasons for which I've taken a medium-sized short position in Plug Power (NASDAQ:PLUG) at an average price of ~$7.65. Though my reasons differ somewhat from those presented by other authors here at SA, for the most part the differences are ones of degree and weight; I'm in general agreement with several points made in such articles as this. That said, here are my five points in order of importance:
1. Overreaction to Recent Developments
To put recent announcements in perspective, it's worthwhile to review a bit of corporate history.
In 2007, Plug Power acquired two Canadian companies: Cellex Power and General Hydrogen which were both in the...
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