Why Plug Power Stock Is Falling Today - Plug Power (NASDAQ:PLUG)

Plug Power, Inc. (NASDAQ:PLUG) shares slipped on Wednesday after the hydrogen technology company announced a new warrant inducement agreement with a key institutional investor.The deal allows the immediate exercise of all outstanding warrants issued earlier this year, providing the company with roughly $370 million in gross proceeds before expenses.Under the agreement, the investor will exercise existing warrants covering 185.43 million shares at $2.00 per share and, in exchange, will receive new warrants t ...