With $1.6 Billion in Jeopardy, Should You Buy, Sell, or Hold Plug Power Stock Here?

On Wednesday, PLUG shares tumbled more than 11% after the company priced $375 million in senior convertible notes. Notably, Plug intends to use about $245.6 million of the proceeds to fully repay its outstanding principal balance.Plug Power is a notable player in the green hydrogen industry, specializing in hydrogen fuel cell technologies. The company is building a comprehensive green hydrogen ecosystem, spanning production, storage, delivery, and energy generation, to support its customers’ business object ...