Key Points Plug Power (PLUG) is on a nine-day 88% surge higher, marking a 284% rebound from its 52-week low. The current stock frenzy screams a classic short squeeze is in effect — expect a post-covering plunge soon. Today, PLUG stock is up another 12%, pushing toward $3.00 per share. Rather, what we’re witnessing now has all the hallmarks of a classic short squeeze: skyrocketing prices forcing bears to cover, amplifying the upward spiral in a self-reinforcing loop. If this is indeed a short squeeze, count on the stock returning to earth with a thud.