Plug Power stock ticks up after Walmart deal scraps warrant overhang, with dilution vote looming
Plug Power shares rose about 1% to $2.30 early Thursday after an SEC filing showed Walmart agreed to cancel warrants for up to 42.2 million shares. The new 15-year agreement sets out terms if Plug faces bankruptcy or major service disruptions. Investors now await a Jan. 29 vote on doubling Plug’s authorized share count.