Plug Power stock slides Friday after surge, as Galp hydrogen milestone and Jan. 29 vote loom
Plug Power shares fell 3.5% to $2.50 Friday, reversing some of Thursday’s 16.7% surge. The company announced completion of a 100 MW electrolyzer installation at Galp’s Sines refinery in Portugal. Investors are watching a Jan. 29 vote on funding flexibility and possible share dilution. Plug also disclosed Walmart ended a warrant deal, eliminating potential dilution of over 42 million shares.