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Plug Power Is Getting Annihilated

Rob WileMar 12, 2014, 00:34 IST

Plug Power shares are down 34% after surging earlier this morning.

Ballard, which supplies Plug Power with fuel cells, is down 20%. FuelCell Energy is down 17%.

We explained why fuel cell shares had recently been lifted - demand seemed to be picking up for a number of reasons.

But the shares have also been subject to heavy short interest, according to Karl Loomes, a market analyst at SunGard's Astec Analytics.

Chart:

Yahoo