Plug Power (PLUG) Stock Today, November 20, 2025: Price, $375M Debt Deal and AI Data Center Pivot Explained
Plug Power shares traded near $1.89 late Thursday, down 0.8% after a week-long slide of about 30%. The company priced $375 million in 6.75% convertible notes due 2033 to refinance debt, raising dilution concerns. Plug paused work on six U.S. hydrogen plants and a $1.66 billion DOE loan guarantee. Q3 revenue rose to $177 million, but heavy charges led to a GAAP loss.