Plug Power(US:PLUG) The Motley Fool·2025-12-23 23:02Core Viewpoint - Plug Power's stock continues to decline despite new milestones in green hydrogen, raising concerns over funding and execution [1][5]. Company Performance - Plug Power's stock closed at $2.05, down 2.8%, with a market cap of $2.9 billion [2]. - The stock has decreased nearly 10.5% over the past five days and has fallen 99% since its IPO in 1999 [2][3]. - Trading volume was 81.3 million shares, approximately 39% below the three-month average of 129.6 million [3]. Recent Developments - The company announced the installation of an electrolyzer at Cleanergy Solutions in Namibia, marking Africa's first fully integrated commercial green hydrogen facility [5]. - Despite this positive news, the stock continued to decline, indicating investor skepticism [5]. Financial Concerns - Plug Power suspended the development of green hydrogen plants, which could jeopardize a $1.7 billion loan from the Department of Energy (DOE) [5]. - The company announced a $375 million offering of convertible notes, raising concerns about shareholder dilution and execution risks [6].