Plug Power Stock Drops Pre-Market After New Financing
Plug Power shares slid 2.7% to $3.59 premarket after a 9.8% drop Wednesday, as investors digested a $39.2 million federal tax-credit sale aimed at boosting liquidity; analysts remain cautious, with consensus Hold and average target price below current levels, while ongoing cash burn and market volatility weigh on sentiment ahead of the June 11 annual meeting.