Actionable news
0
All posts from Actionable news
Actionable news in VRX: VALEANT PHARMACEUTICALS INTERNATIONAL,

Don't Let Citron Research Sour You on Plug Power

12

NEW YORK (TheStreet) -- Plug Power (PLUG - Get Report) is gaining today, and for good reason.

Citron Research, a short seller that has made a name for itself uncovering Chinese stock frauds, set its sights directly on Plug Power earlier this week, creating an avalanche of selling that culminated in the Latham, New York-based maker of alternative energy technologies losing 40% of its market capitalization in a single session.

That's called moving the market.

On Tuesday, I warned investors not to get caught up in the emotion of Plug Power or similar alternative energy companies, Fuelcell Energy (FCEL) and Ballard Power Systems (BLDP). But speculators grabbed those stocks anyway.

Plug Power's rapid decline was prompted by a negative report...


More