Plug Power (PLUG) Stock on November 25, 2025: Price Action, $399M Cash Boost, and a High-Stakes Shareholder Vote
Plug Power shares traded near $1.96 early Tuesday, down 1.5%, after a $399 million convertible-notes financing sparked volatility. The stock fell as much as 21% following the deal, which could add around 125 million shares if fully converted. Plug’s market cap stands at about $2.7 billion, far below its October high. A January vote may double the authorized share count.