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

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

NASDAQ: PLUG

Plug Power

Market Cap

$2B

Today's Change

(1.26%) $0.03

Current Price

$2.41

Price as of April 26, 2024, 4:00 p.m. ET

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

In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down Plug Power's (PLUG 1.26%) 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.

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.