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Plug Power's Desperate Move to Raise Money: What Investors Need to Know Before It Happens

Plug shareholders could see more than one-third of their ownership wiped out.

By Jason Hall and Tyler Crowe – Jan 21, 2024 at 11:07AM EST

In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down Plug Power's (PLUG +7.33%) plan to raise up to $1 billion in capital via a secondary offering. With a market cap of $1.5 billion at recent prices, shareholders are set to get brutalized.

*Stock prices used were from the afternoon of Jan. 19, 2024. The video was published on Jan. 20, 2024.

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About the Author

Jason Hall
Jason Hall is a contributing Motley Fool stock market analyst with more than a decade of experience writing about dividend stocks and long-term investing. He has been with the company since 2012 and previously spent over 10 years in technical sales in the printing and information services industry. Jason also founded and operated a small food manufacturing business.
TMFVelvetHammer
X@thesmattering

Jason Hall has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Plug Power Stock Quote
Plug Power
NASDAQ: PLUG
$2.42
(+7.33%)+$0.17

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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