Shares of Plug Power (NASDAQ:PLUG) stock are now up by about 25% compared to the low on Jan. 17. On that day, the hydrogen fuel cell company announced a $1 billion at-the-market (ATM) offering. In November, Plug warned that it would need to raise capital and also issued a going concern warning.Tomorrow will be an interesting day for PLUG stock investors, as Plug will host a business update conference call before the market opens. CEO Andy Marsh and CFO Paul Middleton will provide the update and also answer ...

Plug Power (PLUG 4.29%) has been a disastrous investment over the past year. Its stock has collapsed, falling more than 80%. The primary factor weighing on the stock has been concerns that it could run out of money. However, Plug Power recently took a step to address that issue. It plans to raise $1 billion in fresh equity capital to fund its operations and expansion. Here's a look at whether that will be enough to keep the hydrogen stock afloat. Running out of powerPlug Power's stock plunged last November ...

Rebounding from its disastrous performance last week, shares of Plug Power (PLUG 6.04%) are racing higher straight out of the gate this morning. For those speculating that the company has announced something promising -- think again. There hasn't been any news to explain the stock's move. Instead, investors are simply buying in advance of the company's business update that's scheduled for tomorrow.As of 10:09 a.m. ET, shares of Plug Power are up 12.5%.Charged up about the possibility of hearing something po ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down Plug Power's (PLUG 10.74%) plan to raise up to $1 billion in capital via a secondary offering. With a market cap of $1.5 billion at recent prices, shareholders are set to get brutalized.*Stock prices used were from the afternoon of Jan. 19, 2024. The video was published on Jan. 20, 2024. ...

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 ...

Plug Power (NASDAQ: PLUG) stock price path to penny status accelerated this week as risk of collapse intensified. The shares plunged by more than 10% in the regular session on Wednesday and by another 14% in extended hours. It has retreated to a record low of $2.30, meaning that it has shed over 96% of its value since 2021.More dilution aheadCopy link to sectionOn Tuesday, I wrote a comprehensive report on Plug Power and warned that it was at an increased risk of more dilution as its cash burn accelerates. ...

Plug Power Inc. said Wednesday it could start to sell stock, and its shares were tumbling in late trading. The alternative-energy company has entered into an at-the-market issuance sales agreement with B. Riley Securities that will allow it to sell up to $1 billion in common stock, Plug Power PLUG, -10.03% said in an afternoon filing with the Securities and Exchange Commission. Shares of the company, which provides hydrogen fuel-cell technology, have collapsed over the past year, shedding more than 80% of t ...

It was another rough day for Plug Power (PLUG -10.03%) on Wednesday as the market turned south and investors sold off both higher-risk assets and energy stocks. Shares fell as much as 13.5% and were down 13.2% at 3:30 p.m. ET.Plug Power is unravelingPlug Power is down 84% in the past year, and there's no end in sight to the drop. Not only are losses piling up, cash is also dwindling and there's no anticipated bailout.This has become a downward spiral for Plug Power that may not stop. You can see in the char ...

Plug Power (NASDAQ:PLUG) stock has already plummeted by more than 30% in 2024, although shareholders will soon receive a much-needed update. On Tuesday, Jan. 23, the clean energy company will provide an annual business update through a conference call. The event will take place before the market open and will feature CEO Andy Marsh and Chief Financial Officer Paul Middleton. The pair will also answer questions.No further details were provided by the company about the update, leaving shareholders to wonder w ...