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Has Plug Power Done Enough to Plug the Hole in its Finances?
PLUGPlug Power(PLUG) The Motley Fool·2024-01-22 17:41

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 ...