Plug Power Is Tanking (PLUG, BPLD, FCEL)

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.

<blockquote class="twitter-tweet" lang="en">

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</blockquote>

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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%.

<span style="line-height: 1.5em;">Here's the (totally wacky) chart for the week. According to Bloomberg, 20% of Plug's float is short interest.</span>

<b>See Also:</b>

<ul><li>Fuel Cell Stocks Are Going Nuts Today</li><li>Wall Street Is Going Crazy For A Revolutionary Technology That Could Change The Energy Market As We Know It</li><li>The Fuel Cell Stocks Are Being Ridiculous Again Today</li></ul>

SEE ALSO: Why Some On Wall Street Believe In Fuel Cell Stocks