NASDAQ:PLUG 27 December 2025 - 9 January 2026

Plug Power shares traded near $2.32 premarket after TD Securities downgraded the stock and cut its price target, citing weak demand and execution risks. The company faces a key January 29 vote to double its authorized shares, with a reverse split planned if it fails. Plug stock remains down nearly 49% from its 52-week high. Bloom Energy shares jumped 13% after a $2.65 billion fuel-cell deal with American Electric Power.

Plug Power shares surged 13% to $2.23 on heavy volume after Clear Street upgraded the stock to “buy” and set a $3 target. The move came ahead of a Jan. 29 special meeting where shareholders will vote on doubling authorized shares or, if rejected, a reverse split.

Plug Power shares closed up 1.6% at $1.97 in the last session of 2025 after Clear Street upgraded the stock to Buy with a $3 target, citing a “path to profitability” but noting dilution risk. Shareholders will vote Jan. 29 on doubling authorized shares; the company said a failed vote would trigger a reverse stock split.

Plug Power shares closed at $2.07, down 1.2%. The company will hold a Jan. 29 virtual meeting to seek shareholder approval to double authorized common stock to 3 billion shares, citing a need to meet contractual obligations and raise capital. If the proposal fails, Plug plans a reverse stock split. The stock traded between $2.035 and $2.11 in the last session.

Plug Power shares closed at $2.07 Friday, down 1.43%, and traded near $2.06 after hours, with volume around 55 million shares. The stock remains well below its 52-week high of $4.58 and above its low of $0.69. Analyst consensus is “Hold,” with a 12-month target near $2.80. No new company announcements were issued over the weekend.