Core Viewpoint - Plug Power Inc. is accelerating the date of its reconvened Special Meeting of Stockholders to February 12, 2026, at 4:00 p.m. Eastern Time, from the previously scheduled date of February 17, 2026 [1] Group 1 - Stockholders of record as of December 12, 2025, are eligible to participate in the virtual meeting, where they can vote and submit questions in real time [2] - Participants must have their 16-digit control number from their proxy materials to access the meeting [2] Group 2 - Plug Power has filed a definitive proxy statement and other relevant documents with the U.S. Securities and Exchange Commission (SEC) regarding the Special Meeting, urging investors to read these documents carefully [3] - Stockholders can obtain copies of these documents free of charge at the SEC's website or on Plug's website [3] Group 3 - The Company and its directors and executive officers may be considered participants in the solicitation of proxies from stockholders in connection with the Special Meeting [4] - Information about the Company's directors and executive officers, including their stock ownership, is available in the definitive proxy statement filed with the SEC [4] Group 4 - Media contact information is provided for inquiries related to the meeting, including a virtual meeting link and dial-in access numbers [5]

Group 1: Hydrogen Stocks Overview - NuScale Power, Plug Power, and CF Industries are highlighted as key hydrogen stocks to monitor, reflecting their involvement in the hydrogen economy [2] - Hydrogen stocks represent companies engaged in the production, storage, transportation, and utilization of hydrogen, including electrolyzers and fuel cells [2] - These companies have shown the highest dollar trading volume among hydrogen stocks recently, indicating strong market interest [2] Group 2: NuScale Power - NuScale Power Corporation focuses on developing modular light water reactor nuclear power plants for various applications, including hydrogen production [3] - The company offers the NuScale Power Module (NPM), which generates 77 megawatts of electricity (MWe), and designs for power plants that can accommodate multiple NPMs [3] Group 3: Plug Power - Plug Power Inc. specializes in hydrogen and fuel cell solutions across North America, Europe, and Asia [4] - The company provides a range of products, including GenDrive for material handling vehicles, GenSure for backup power, and GenFuel for hydrogen fueling systems [4] - Plug Power's offerings also include ProGen fuel cell technology and GenKey, a comprehensive solution for transitioning to fuel cell power [4] Group 4: CF Industries - CF Industries Holdings, Inc. manufactures and sells hydrogen and nitrogen products for various sectors, including energy and fertilizers [5] - The company operates through multiple segments, including Ammonia and Granular Urea, serving markets in North America, Europe, and internationally [5]

Core Insights - Plug Power Inc. has completed the first hydrogen fill of Hynetwork's 32-kilometer hydrogen pipeline in Rotterdam, supplying 32 tons of RFNBO-certified renewable green hydrogen, marking a significant advancement in Europe's hydrogen infrastructure [1][3][5] Group 1: Project Overview - Hynetwork, a subsidiary of Gasunie, is implementing the hydrogen network in the Netherlands, connecting port and industrial demand centers, and aims to integrate into a broader European hydrogen transport system [2] - The Rotterdam segment is the first major part of the Netherlands' national hydrogen network, contributing to industrial decarbonization and energy security while enabling large-scale clean hydrogen transport [3][4] Group 2: Plug Power's Role - Plug Power was awarded the public tender for the project, showcasing its capability to meet complex requirements through a custom-engineered unloading infrastructure [3][5] - The company has demonstrated its hydrogen delivery capabilities in Europe, previously delivering over 44 tons of renewable hydrogen to the H2CAST project in Germany [4] Group 3: Infrastructure and Logistics - Plug is supplying hydrogen from Hy2Gen's RFNBO-certified Atlantis facility, utilizing a fleet of 40-ft MEGC trailers, each capable of transporting over 1,000 kg of compressed hydrogen [6] - This vertically integrated approach ensures a continuous and reliable supply during the commissioning period, highlighting Plug's position as a leading provider of full-stack hydrogen solutions in Europe [6] Group 4: Market Impact - The commissioning of the Rotterdam pipeline is seen as a major step towards realizing the hydrogen network, instilling market confidence in the availability of a reliable transport solution [5] - The project emphasizes Plug's end-to-end hydrogen platform, which includes certified green hydrogen supply, logistics, custom engineering, and on-site execution [5]

Core Viewpoint - Plug Power is urging shareholders to vote "yes" on Proposal 2, which seeks to increase the number of authorized shares to meet contractual obligations from recent financing transactions, including a warrant sale that raised $370 million and a convertible note deal [1][3][6] Financing and Shareholder Proposal - The company needs additional authorized shares to fulfill obligations from a warrant transaction that could potentially bring in $1.2 billion if exercised, contingent on the stock price exceeding $7.75 [1][6] - CEO Andy Marsh emphasized that authorizing shares does not equate to issuing them, and the additional shares could support future business growth, including mergers and acquisitions [3][7] - If Proposal 2 fails, the company may have to pursue a reverse stock split, which Marsh believes typically results in a lower stock price [2][7][12] Voting Status and Logistics - As of the latest update, approximately 52% of outstanding shares had voted, with around 48% (estimated at 670 million shares) still not voted [11] - The company is working to facilitate voting for European and Asian shareholders, addressing challenges such as broker fees and custody issues [9] Project Development and Cash Management - Plug Power is focused on significant projects, including a $10 billion initiative in Uzbekistan and opportunities in data centers, aiming to reduce cash burn by approximately 50% with a target of EBITDA break-even by the end of 2026 [5][13][17] - The company is optimistic about the U.S. hydrogen economy, citing supportive legislation and tax credits that bolster its material handling business [15] Company Overview - Plug Power specializes in hydrogen fuel cell systems, providing clean energy solutions for electric vehicles and material handling equipment, with offerings that include ProGen fuel cell engines and GenDrive power systems [18][19]

Core Viewpoint - Plug Power Inc. has adjourned its Special Meeting of Stockholders to February 5, 2026, to allow more time for stockholders to vote on Proposals 1 and 2 [1]. Proposal Voting - Proposals 1 and 2 require a majority vote from the Company's outstanding shares, and the meeting was adjourned to facilitate broader participation [2]. - As of the meeting date, approximately 92.63% and 89.09% of the votes cast supported Proposals 1 and 2, respectively, but only about 36.93% and 46.86% of the outstanding shares were represented [3]. - The Company estimates needing an additional 13.07% of outstanding shares for Proposal 1 and 3.14% for Proposal 2 to meet the voting requirements [3]. Reverse Stock Split - If Proposal 2 is not approved, the Company will proceed with a reverse stock split to increase its authorized shares of common stock available for issuance [4]. CEO Statement - The CEO emphasized the importance of stockholder participation and noted that the Company is close to approval for Proposal 2, indicating that a slight shift in votes could lead to its passage [5]. - The Company encourages stockholders to vote "yes" and to reconsider any previous "no" or "abstain" votes [5]. Voting Instructions - Stockholders are urged to vote promptly to ensure their views are represented, with detailed instructions available on the Company's website [5].

Core Insights - The energy sector is experiencing a shift from reliance on government subsidies and environmental goals to addressing the immediate energy demands of artificial intelligence (AI) [3] - The market is transitioning from a phase of speculative green technologies to one focused on commercial viability, emphasizing companies with solid order books [4] - A significant deal between Bloom Energy and American Electric Power marks a turning point, highlighting the demand for distributed energy solutions [5] Company Developments - Bloom Energy has secured a landmark agreement valued at approximately $2.65 billion for up to 1 gigawatt (GW) of solid oxide fuel cells, representing the largest commercial procurement in the fuel cell sector [5] - Following the announcement of the deal, Bloom Energy's stock has seen significant appreciation, trading near all-time highs in the $145-$150 range as of mid-January 2026 [6] - The agreement will supply immediate power to growing data center hubs, addressing the urgent demand created by the rapid construction of AI data centers [6]

Core Viewpoint - Plug Power Inc. is preparing for a Special Meeting on January 29, 2026, to address critical proposals regarding its corporate governance and share structure, following a previous vote where approximately 84% of stockholders supported increasing the number of authorized shares but did not meet the required approval threshold [7][8]. Group 1: Upcoming Events - A live Reddit Ask Me Anything (AMA) session with CEO Andy Marsh will take place on January 22, 2026, to discuss the Special Meeting [2][3]. - A second AMA is planned for March 2026, led by incoming CEO Jose Luis Crespo, focusing on Plug's 2025 results [2]. Group 2: Leadership Transition - Andy Marsh has been CEO since April 2008 and will transition to Executive Chairman in March 2026, with Jose Luis Crespo taking over as CEO [5][6]. - Marsh will continue to guide Plug's long-term strategy during this leadership transition [6]. Group 3: Special Meeting Proposals - The Special Meeting will address proposals to modernize voting standards and increase the number of authorized shares of common stock, which are essential for the company's operational flexibility [8][9]. - The Board believes that increasing authorized shares is crucial for meeting financial obligations and supporting ongoing business needs; failure to approve this proposal may lead to a reverse stock split [8]. Group 4: Company Overview - Plug Power is a leader in the hydrogen economy, providing a fully integrated ecosystem for hydrogen production, storage, delivery, and power generation [10]. - The company has deployed over 72,000 fuel cell systems and 285 fueling stations globally, with hydrogen plants operational in Georgia, Tennessee, and Louisiana, producing 40 tons of hydrogen per day [11].

Core Insights - Plug Power Inc. is actively participating in the UBS Global Energy & Utilities Winter Conference, showcasing its leadership in the hydrogen economy and commitment to engaging with the investment community [1][2]. Company Overview - Plug Power is focused on building a comprehensive hydrogen economy with an integrated ecosystem that includes production, storage, delivery, and power generation [4]. - The company is a first mover in the hydrogen industry, providing essential components such as electrolyzers, fuel cell systems, and fueling infrastructure to various sectors, promoting energy independence and large-scale decarbonization [4]. Operational Highlights - Plug Power has deployed over 72,000 fuel cell systems and 285 fueling stations globally, making it the largest user of liquid hydrogen [5]. - The company operates hydrogen plants in Georgia, Tennessee, and Louisiana, with a production capacity of 39 tons per day, ensuring a reliable domestic supply of hydrogen [5]. - Plug Power's global presence includes state-of-the-art manufacturing facilities and partnerships with major companies like Walmart, Amazon, Home Depot, BMW, and BP [6].

Core Viewpoint - The demand for energy is increasing, and Bloom Energy is currently a more attractive investment compared to Plug Power, which has struggled financially and has not yet turned a profit [1][4]. Company Overview: Plug Power - Plug Power has been a pioneer in the clean hydrogen economy, focusing on fuel cells, electrolyzers, and hydrogen infrastructure aimed at decarbonizing industries like transportation and logistics [1]. - Despite being in operation for over 25 years, Plug Power has never reported an annual profit, with a reported loss of over $2.1 billion on revenue of $676 million in the past 12 months [2][6]. - The company is facing challenges in developing the hydrogen market due to high costs of storage and transport, which have hindered market adoption [5]. - Plug Power has initiated Project Quantum Leap to reduce costs and focus on profitable business lines, aiming for a break-even gross margin by the end of the year and positive EBITDA by the second half of next year [8]. Company Overview: Bloom Energy - Bloom Energy offers solid-oxide fuel cell power systems for on-site electricity generation, which can quickly meet the growing energy demands of data centers and industrial businesses [10]. - The company has secured significant financing arrangements, including a $5 billion deal with Brookfield Asset Management and a power deal with Oracle, showcasing its rapid deployment capabilities [12]. - Analysts project Bloom will generate $1.9 billion in sales this year and $2.46 billion next year, with expected improvements in earnings per share from -$0.14 this year to $0.64 next year [13]. Market Context - U.S. electricity demand is anticipated to grow at a rate of 2.5% annually over the next decade, significantly outpacing the growth rate of the past decade, creating a favorable environment for companies like Bloom Energy [17]. - Bloom Energy's fuel cells are positioned as a crucial solution to meet the increasing demand for on-site power, providing a strong growth opportunity for the company [18].

Core Insights - Plug Power Inc. has successfully installed a 5MW GenEco electrolyzer system for Cleanergy Solutions Namibia's green hydrogen project, marking Africa's first fully integrated commercial green hydrogen facility [1][4] - The project aims to support hydrogen mobility in Namibia and neighboring markets, utilizing renewable energy sources [2][3] Company Overview - Plug Power is a leader in the hydrogen economy, providing a fully integrated ecosystem that includes production, storage, delivery, and power generation [5] - The company has deployed over 72,000 fuel cell systems and 285 fueling stations globally, making it the largest user of liquid hydrogen [6] Project Details - The Cleanergy Solutions Namibia project features a 5MW solar park and a 5.9 MWh battery energy storage system, enabling off-grid renewable hydrogen production [2] - The locally generated hydrogen will be used for hydrogen-powered trucks, port and rail equipment, and small ships at the Port of Walvis Bay [2][3] Market Positioning - The project positions Namibia as a potential hydrogen production hub for transportation and industrial decarbonization, with export capabilities [4] - Plug Power's involvement in this project aligns with the growing global investment in hydrogen, particularly in regions like Africa, the Middle East, and Australia [4]