Why Is Plug Power (PLUG) Stock Down 13% Today?
PLUGPlug Power(PLUG) Investor Place·2024-07-20 02:49

Plug Power (NASDAQ:PLUG) is among the green energy companies experiencing significant selling pressure today as broader market forces work against growth stocks. In this afternoon’s session, PLUG stock has declined about 13% on the news that the company is looking to raise additional capital.The company announced that it expects to offer approximately 79 million shares to investors at a price of 2.54pershare.Thatssignificantlybelowyesterdayscloseof2.54 per share. That’s significantly below yesterday’s close of 2.92. At the time of writing, PLUG stock is tra ...