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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 ...

Plug Power (PLUG -10.30%) stock has been tumbling ever since it reported its third-quarter results in early November. A new announcement today has the stock dropping even further. Plug shares were trading near the day's low, down by 10.2% as of 12:40 p.m. ET.With today's drop, Plug Power stock has plummeted by nearly 50% in just the last two months.Is bad news on the way?In its third-quarter report, the company stated, "[W]e continue to incur losses and might never achieve or maintain profitability." It als ...

Plug Power (PLUG -2.91%) rode a hype wave during the pandemic, but recently the company has had to face financial reality. The cash-flow burn is unsustainable and the balance sheet is getting more stretched by the day.In this video, Travis Hoium shows why this is one stock you want to avoid today.*Stock prices used were end-of-day prices of Jan. 12, 2024. The video was published on Jan. 15, 2024. ...

Shares of Plug Power (PLUG -4.64%) plunged 63.6% in 2023, according to data provided by S&P Global Market Intelligence. And year to date in 2024, the stock has dropped by another 20%, leaving the hydrogen stock down by a staggering 78% over the past 12 months.Although Plug Power sealed several deals in 2023, its operational performance consistently failed to meet investors' expectations. With the company struggling to stay afloat, Plug Power stock is heading even lower.When Plug Power spooked investorsWhen ...