Goldman Sachs Was Right About Lucid And Celsius: Why Plug Power Stock Could Be The Next 'Earnings-Day Short Squeeze'
Portfolio Pulse from Adam Eckert
Goldman Sachs has highlighted several stocks as potential 'earnings-day short squeezes', including Lucid Group (LCID), Celsius Holdings (CELH), and Plug Power (PLUG). Lucid and Celsius have already reported, with Lucid's stock jumping 12.16% despite missing estimates, and Celsius' stock rising approximately 20% after strong quarterly results. Plug Power, which has missed bottom-line estimates for nine straight quarters, is set to report its Q2 results and could potentially experience a short squeeze due to its high short interest of 21.34%.
August 09, 2023 | 6:05 pm
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POSITIVE IMPACT
Celsius' stock rose approximately 20% after reporting strong quarterly results.
Celsius' strong quarterly results led to a significant increase in its stock price, aligning with Goldman Sachs' prediction of a potential short squeeze.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Despite missing analyst estimates, Lucid's stock jumped 12.16% after its earnings report.
Lucid's stock price increased significantly despite missing earnings estimates, indicating a potential short squeeze as predicted by Goldman Sachs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Plug Power, which has missed bottom-line estimates for nine straight quarters, could potentially experience a short squeeze due to its high short interest of 21.34%.
Plug Power has a high short interest and has consistently missed earnings estimates, which could set it up for a potential short squeeze as predicted by Goldman Sachs.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100