Plug Power stock slid on a TD Cowen downgrade — what traders watch before Monday
New York, Jan 11, 2026, 18:28 EST — Market closed. Shares of Plug Power Inc (PLUG.O) fell 5.6%, ending Friday at $2.19. With U.S. markets closed over the weekend, the stock remains volatile near the $2 level. (Plug Power) TD Cowen’s Jeffrey Osborne downgraded the hydrogen firm from “Buy” to “Hold,” slashing his price target from $4 to $2, according to StreetInsider.com. Timing is key as Plug gears up for a special shareholder meeting on Jan. 29 to vote on charter amendments, including doubling its authorized common shares—the legal cap on how many shares the company can issue. Plug says