This is getting ridiculous.
After surging as much as 17% yesterday, fuel cell machine distributor Plug Power shares are back down as much as 16% to $6.50
The catalyst appears to have been two downgrades, one from Cowen, which recently executed a registered offering for the firm; and one from Roth.
Plug Power $PLUG receives double downgrade this morning $PLUG Downgraded - Market Perform - Cowen $PLUG Downgraded - Neutral - Roth Capital— Stocks to Buy (@stockstobuy) March 14, 2014
Ballard, which supplies the cells for Plug's machines, was down as much as 8%, while fellow fuel cell traveler FuelCell Energy was off as much as 11%.
Here's the (totally wacky) chart for the week. According to Bloomberg, 20% of Plug's float is short interest.
See Also:Fuel Cell Stocks Are Going Nuts TodayWall Street Is Going Crazy For A Revolutionary Technology That Could Change The Energy Market As We Know ItThe Fuel Cell Stocks Are Being Ridiculous Again Today
SEE ALSO: Why Some On Wall Street Believe In Fuel Cell Stocks