Plug Power Stock Is Climbing Again. What Is Behind the Rise?
1. Plug Power shares rose 6.4%, marking a 10-day winning streak. 2. Company reported $2.1 billion loss in fiscal 2024, projected $677 million loss this year. 3. Hedge fund may resell 185 million shares, raising potential cash influx of $370 million. 4. Short sellers' positions exceed 40%, possibly indicating a short squeeze. 5. Earnings report scheduled for November 11 may further influence stock performance.