Plug Power (PLUG) Stock Crashes on $375 Million Convertible Debt Deal: What Investors Need to Know Today (November 19, 2025)
Plug Power Inc. (NASDAQ: PLUG) is back in the spotlight today after a fresh capital raise sent its already-volatile stock into another steep sell‑off. By mid‑afternoon on November 19, 2025, Plug Power shares were trading around $1.80–$1.85, down roughly 14% on the day and extending a plunge that began in Tuesday’s after‑hours session, when the stock fell about 20% to roughly $1.71 after the company announced a new $375 million convertible senior notes offering. Barron’s+2Benzinga+2 Trading volume has exploded, with more than 180 million shares changing hands today, nearly double the stock’s recent average daily volume of about 96 million