Plug Power stock price in focus as PLUG heads into Tuesday with a key Jan. 29 vote looming
Plug Power shares rose 4.42% to $2.36 Friday on heavy volume, outpacing a flat market ahead of a Jan. 29 shareholder vote on doubling authorized shares and easing amendment rules. The company has less than 0.4% of authorized stock left to issue and faces a Feb. 28, 2026 deadline tied to financing agreements. If proposals fail, Plug plans a reverse stock split. U.S. markets close Monday for Martin Luther King Jr. Day.