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Plug Power sinks over 7% after Kerrisdale Capital announces short position
1 month ago - By Business Insider
Summary List Placement Kerrisdale Capital revealed it is short shares of Plug Power on Wednesday in a tweet that caused Plug's stock to fall some 7.5%.
Hydrogen fuel-cell solutions provider Plug has seen its valuation rise to $40 billion at its peak in early 2021 after languishing just above penny stock territory for years.
Now the Latham, New York-based company trades at an eye-popping 67x sales and 50x book value, according to data from Morningstar.
Bulls argue the stock is deserving of its new status based on the expected growth of the "hydrogen economy." With a much faster refueling...
Read more ...Billionaire investor Leon Cooperman says dramatic fluctuations in individual stocks are the 'canary in the coal mine'-and reveals 7 value stocks he's holding right now
1 month ago - By Business Insider
Rick Wilking/Reuters
Leon Cooperman told CNBC a "meaningful chuck of the market" is in a state of euphoria. He added that dramatic fluctuations in individual stocks are the "canary in the coal mine." Cooperman also said he owns Athene , Ashland Global Holdings , Citigroup , Cigna , Comcast , Mr. Cooper Group , and General Motors. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Billionaire investor Leon Cooperman told CNBC on Wednesday he sees ominous factors in the market that demonstrate "euphoria", but he's still finding value right now in specific stocks...
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