Why Plug Power (PLUG) stock is moving today: reverse split warning puts shareholder vote in focus
NEW YORK, January 2, 2026, 07:20 ET — Premarket Plug Power shares rose 1.8% in premarket trading on Friday, changing hands at $1.97. The hydrogen fuel-cell and electrolyzer maker is pressing shareholders to back charter amendments that would broaden its flexibility to issue stock, a flashpoint for investors wary of dilution. The timing matters because the proposals sit at the intersection of funding and governance. Investors often treat any path toward new share issuance — or a reverse split — as a near-term catalyst for small-cap names under financing scrutiny. In an email to certain stockholders filed with the U.S.