. . . because they need their buddies in the financial press to sow FUD to get retail holders to panic and sell when the hedgies take out the stops. It isn't a question of what a stock is worth. It's seeing what the thieves are up to. You know it's going to get beaten down when you see liars on CNBC.
. . . even though you know he's the hedge funds' front man lying through his teeth, SELL.
Because a bear raid is on the way.
CNBC are accomplices.
What reputable news network invites a notorious fraudster on, represents him as a reputable research organization, and encourages him to blather on to a national audience that PLUG is worth 50 cents?
Real analysts value the stock at 7.50 to 8.00.
Left, Cramery, CNBC, The Street, all colluding -- and timing the bear raid with their hedgie friends -- to:
a) take retail investors' money on the way down
b) take retail investors' shares on the way back up.
Anyone who listens to any of these #$%$s instead of doing and relying on their own due diligence is a fool.
BUT you do need to keep your ear to the ground because when a bear raid is in the air, even though it is based on lies, FUD, and misinformation, the herd is going to stampede for the exits and it is time to sell and buy back when pps settles down.
Just more tree-shaking, straw-grasping nonsense from desperate shorts and hedge funds who missed the boat at 40 cents and want your shares.
Plug's partner in providing H2 infrastructure is Air Liquide, a huge multinational provider of every conceivable industrial gas in use anywhere on the planet today.
Go to Air Liquide's website and then see how embarrassed you feel about flapping your ignorant lips about Plug having problems installing H2 infrastructure.
Financial press and TV bloviators are a bunch of self-important blow-hard jerks..
What a joke. Don't they vet their sources' criminal backgrounds?
And they got them.
A masterfully orchestrated bear raid based on lies and misinformation, from Citron to CNBC to The Street. They shorted you at 11 and went long in the 6's. On hundreds of millions shares. Even today Cramer is wagging his head sincerely telling his followers that Plug depends on government subsidies and has negligible prospects. Why is Yahoo Finance carrying links to this garbage?
It provides fuel cell driven replacement modules for electric forklift batteries.
Plug Power also does not sell fuel cells provided by Ballard Power.
It sells integrated mobile power systems designed and built for industrial trucks by Plug Power around fuel cell stacks provided primarily by Ballard Power.
So-called analysts writing for national magazines and speaking on national TV could at least extend their readers and viewers the courtesy of accurately reporting what Plug Power does.
A waste of space.
This is an outright lie. This guy Left is a brazen #$%$, and he knows it.
Will anybody prosecute him for stock manipulation -- he does run a hedge fund, I understand?
Depends on who he has for friends.
Left also said that Plug adds no value to the "fuel cells" -- actually it is the fuel cell stacks -- it buys from Ballard Power. This is nonsense, and it shows how biased and hostile Left is against Plug, how hard he is working to beat share price down.
Plug Power is a system integrator, a systems engineering company. Plug builds fuel-cell-based solutions to a family of applications: industrial lifts and trucks. The solution includes necessary counterweights, H2 fuel tank and associated piping, water capture, heat management, and mechanical packaging of the device as well as the fuel cell stack that it is built around.
It is preposterous to make it sound like Plug merely resells fuel cells it buys from Ballard Power. An "expert" interviewed on CNBC knows this, so one has to wonder why he deliberately told this lie to millions of TV viewers.
His entire thesis is based on bad performance the past. This is like bad-mouthing a star high school athlete because he had no varsity athletic skills until he turned 16.
One of Left's issues is that Plug focuses solely on forklifts, which happens to be the company's strongest suit: instead of being spread thin trying to break into numerous markets, it has 85% of the installed base, contracts with established customers, and a money-saving proposition whether there are government subsidies or not (another bogus talking point so today's shorts can go long as low as they can drive PLUG's pps).
He also says that battery-operated forklifts are old technology. This is more muddled analysis for retail investors who don't know anything about Plug. Replacing batteries with fuel cells in battery-operated forklifts improves efficiency, predictability, and cost by operating at full power throughout an entire shift, eliminating labor to swap batteries in and out, and space and charging costs to maintain batteries.
PLUG was overbought, but it is hardly a 60-cent stock, and anyone who tells you that is is is grandstanding in an entirely unprofessional and self-serving manner.