NASDAQ:PLUG 28 January 2026 - 27 February 2026

Plug Power shares fell 0.5% to $1.90 premarket Friday after announcing a deal to sell its Project Gateway site in New York to Stream Data Centers for at least $132.5 million. The sale, which could reach $142 million depending on conditions, is set to close by June 30, 2026, pending regulatory and contractual approvals. Plug closed Thursday at $1.91. The company’s next earnings report is due March 2.

Plug Power shares rose 11.6% Friday to $2.08 after a sharp drop the previous day, as attention shifted to a Feb. 17 shareholder vote on expanding authorized shares. The company failed to secure enough votes earlier this week and is urging overseas holders to participate. CEO Andy Marsh cited difficulties for European investors in casting ballots. A reverse stock split remains possible if the proposal fails.

Plug Power shares rose 2.7% to $1.91 in premarket trading Friday after sinking 9.3% the previous day. A shareholder vote to double authorized shares failed again, with only up to 49.4% support, forcing another delay until Feb. 17. The company faces a new securities class action lawsuit. Volume Thursday topped 115 million shares.

Plug Power shares traded near $2.08 in premarket Tuesday after a 1.65% drop, as CEO Andy Marsh said a reverse stock split is off the table if Proposal 2 passes. Proxy filings showed strong “yes” votes but low turnout ahead of the Feb. 5 decision on doubling authorized shares. Marsh warned a split remains likely if the proposal fails. The stock is down about 55% from its 52-week high.

Plug Power shares fell 1.9% to $2.30 Friday after the company postponed a key shareholder vote on charter amendments to Feb. 5. The proposals seek to raise authorized shares and allow a reverse stock split after failing to secure enough outstanding votes. CEO Andy Marsh said the company will keep pushing to gather support. Investors are watching closely as Plug faces pressure to restructure its capital.