PLUG Stock Today (Nov. 21, 2025): Plug Power Slips as New Convertible Notes and Dilution Fears Weigh on Shares
Plug Power stock (NASDAQ: PLUG) ended Friday’s session under pressure again, as investors digested a fresh $375 million convertible notes deal, ongoing dilution concerns, and the company’s still‑loss‑making hydrogen business model. On Friday, November 21, 2025, PLUG closed around $1.87, down nearly 1% on the day. The stock traded between roughly $1.82 and $1.94 on volume of about 32 million shares, well below its recent three‑month average turnover of more than 120 million shares. Investing.com+1 Even after a modestly quiet session today, the bigger picture is stark: Plug Power has fallen more than 50% from its early‑October high near $4.58,