Plug Power stock slid on a TD Cowen downgrade — what traders watch before Monday
Plug Power shares fell 5.6% to $2.19 Friday after TD Cowen downgraded the stock to “Hold” and cut its price target to $2. Investors are watching a Jan. 29 shareholder vote on whether to double the company’s authorized share count, a move Plug says is needed to raise funds before key obligations come due in February.