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NASDAQ:PLUG 24 June 2026 - 20 July 2026

Plug Power Shares Drop 15.5%, Wipe Out $570 Million After 50 MW Miss

Plug Power Shares Drop 15.5%, Wipe Out $570 Million After 50 MW Miss

Plug Power Inc. shed roughly $570 million in market value last week, using Friday's market cap and keeping the share count steady. This came despite the company announcing a big electrolyzer order out of Australia. With U.S. cash markets closed Sunday, the latest quote is still Friday’s close at $2.23, down 15.53% across five sessions. Plug Power finished the week valued near $3.10 billion.
Plug Power Drops After Broker Cut Wipes $1.75 Billion, 50-MW Order Not Enough

Plug Power Drops After Broker Cut Wipes $1.75 Billion, 50-MW Order Not Enough

Plug Power Inc. dropped 5.5% to $2.25 late Friday morning after Susquehanna lowered its 12-month target price to $2.50 from $3.75. The cut took $1.25 off the target on about 1.40 billion shares, slicing around $1.75 billion from the broker’s implied equity value. That’s about 56% of Plug’s current $3.13 billion market cap. These are target numbers—not an actual market loss.
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