Is a Giant Short Squeeze Brewing in Plug Power (PLUG) Stock?

Plug Power (NASDAQ:PLUG) stock has plummeted lower by about 45% so far this year, led by a $1 billion at-the-market (ATM) offering. The hydrogen fuel cell company noted that the proceeds would go toward “working capital, capital expenditures and general corporate purposes” as well as potential acquisitions or investments into complementary businesses. This comes after the company warned in November that it would need to raise capital in order to stay afloat and also issued a going concern warning. These act ...