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Plug Power Stock Price Today: PLUG Rally Stalls as Investors Test Turnaround, Liquidity Plan
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Plug Power Stock Price Today: PLUG Rally Stalls as Investors Test Turnaround, Liquidity Plan
Plug Power shares traded at $2.32 early Thursday, about half their October high, as the company pushes asset sales and cost cuts to fund operations through 2026. Plug reported fourth-quarter revenue up 17.6% to $225.2 million and a positive gross profit of $5.5 million. The company agreed to sell part of its Project Gateway site for at least $132.5 million. Analysts remain cautious, citing ongoing cash burn and lower revenue forecasts. The post …
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