Plug Power (PLUG) unveils $275M liquidity plan, pivots to data‑center backup power, pauses DOE loan efforts — stock pops ahead of Q3 results (Nov. 10, 2025)
Plug Power said it expects to raise over $275 million in near-term liquidity by monetizing assets and cutting costs, including a non-binding deal to monetize electricity rights in New York and another U.S. site. The company paused its U.S. Department of Energy loan program activities, shifting capital to quicker-return projects. Shares rose more than 10% in pre-market trading after the announcement.