Plug Power stock rises today as a critical share vote looms — what traders watch next
Plug Power shares rose 2.4% to $2.32 Friday morning, with trading volume at 10.4 million. The company will hold a special shareholder meeting Jan. 29 to vote on doubling authorized shares to 3 billion; failure could trigger a reverse stock split. CEO Andy Marsh urged approval, citing financial flexibility, but warned turnout and voting hurdles could block the proposal. The stock remains down 51% from its October high.