Plug Power stock rises as UBS conference nears and Jan. 29 vote raises reverse-split stakes
Plug Power shares rose 4.1% to $2.28 Monday as investors focused on a Jan. 29 vote to double authorized shares to 3 billion. The company warned it will pursue a reverse stock split if the proposal fails. Last week, Plug amended a Walmart deal, removing the risk of diluting 42.2 million shares. Executives are scheduled to present at the UBS energy conference later today.