In yesterday’s trading Plug Power Inc (NASDAQ:PLUG) fell by 50% from a high of $11.53 to a low of $5.68 following a crushing report issued by Citron Research that claimed the fair value of the stock should be 50 cents.
Plug Power: Broken promises and irresponsible forecasts
Calling Plug Power Inc (NASDAQ:PLUG) just a ‘casino stock,’ the report lambasted the litany of broken promises and projections by Plug Power management.
“We dug back further through the past 4 years and beyond – there’s a consistent string of broken promises, and complete unaccountability for management guidance. Just like the above example, the company does not only miss earnings estimates, but are actively and intentionally...
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