Plug Power Stock Price Today: PLUG Slips Near $2.21 as New York Hub Exit Sharpens Cash Focus
Plug Power shares slipped 0.4% to $2.21 Friday after the company’s exit from its STAMP project in New York drew renewed scrutiny. Plug agreed to sell the site to Stream Data Centers for at least $132.5 million, with closing expected by June 30. The company reported $5.5 million in fourth-quarter gross profit and ended 2025 with $368.5 million in cash. Wall Street analysts remain cautious, with BMO setting a $1 price target.