Plug Power stock sits near $2 as investors size up a key share vote
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.