Require Plug Power Inc. to improve investor communication
Require Plug Power Inc. to improve investor communication
Plug Power, Inc. is a publicly traded corporation based in Latham, New York.
Plug Power's CEO has an unchecked propensity to divulge forward-looking statements on quarterly investor conference calls & satirical television programs.
Plug's PR department does not substantiate many of the claims the CEO has made and it therefore must be concluded that they are not transpiring as alleged.
This leads to run-ups in the share price of the security, followed by strong sell-offs. These 'pump and dump' trading patterns have amounted to an unstable security that has a beta far in excess of the norm. The quality and integrity of the investment has been compromised and put many retail-longs at risk.
At the very least, a discrepancy exists between CEO's comments & what is confirmed through formal PR. The company should seek to explain this to shareholders and outline improvements that will be made in the coming quarters.
Failure to mitigate the above issue may result in formal action taken by the SEC or lawsuits from shareholders impacted.