Plug Power stock (PLUG) slides after TD Cowen downgrade as Walmart deal and dilution vote near
Plug Power shares fell 5.8% to $2.19 Friday after TD Cowen downgraded the stock and cut its price target to $2, citing weak demand. An SEC filing showed Walmart ended a 2017 deal and surrendered a warrant, easing dilution risk for 42.2 million shares. Investors now await a Jan. 29 vote on doubling authorized shares.