Plug Power stock jumps as CEO heads to Reddit ahead of a key share-vote deadline
Plug Power shares rose 4.7% to $2.36 Tuesday after announcing a Reddit Q&A with CEO Andy Marsh on Jan. 22, ahead of a Jan. 29 shareholder vote on doubling authorized shares to 3 billion. The company warned it will pursue a reverse stock split if the proposal fails. The S&P 500 and Nasdaq 100 both fell over 1% in early trading.