Plug Power stock holds near $2 as CEO warns reverse split ahead of key Feb. 5 vote
Plug Power shares hovered around $2.08 in early trading Tuesday, barely moving as the hydrogen and fuel-cell firm clarified its stance ahead of a crucial Feb. 5 vote on boosting its share authorization. Marsh told the board he is “strongly opposed to a reverse stock split,” but cautioned that if the proposal doesn’t pass, the company would still need to go down that route. He noted that previous shareholder approval covers splits anywhere from 1-for-5 up to 1-for-200.
