Plug Power (PLUG) Stock Today: $399M Cash Boost, Share-Expansion Vote and Data-Center Pivot Define Its Next Chapter
Plug Power closed a $431.25 million convertible notes sale, raising about $399.4 million in cash and eliminating its 15% first-lien debt. The company set a shareholder meeting for January 15, 2026, to seek approval to double its authorized shares. PLUG ended Friday at $1.98, up 4.76%, but remains over 50% below its October high. U.S. markets were closed on November 22.