Plug Power Inc is a leading provider of clean hydrogen and fuel cell systems that are aimed at advancing the adoption of renewable energy solutions for various industries. The company specializes in designing and manufacturing hydrogen fuel cell technology, which serves as a sustainable alternative to traditional battery power, particularly for electric vehicles and material handling equipment. Through its innovative products and services, Plug Power is committed to reducing carbon emissions and promoting the use of hydrogen as a clean energy source in order to support the growing demand for environmentally friendly energy solutions. Read More
Shares of fuel cell technology Plug Power (NASDAQ:PLUG) fell 14.9% in the afternoon session after the company announced a $375 million offering of convertible senior notes.
SLINGERLANDS, N.Y., Nov. 18, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (“Plug Power”) (NASDAQ: PLUG) today announced the pricing of $375.0 million aggregate principal amount of 6.75% Convertible Senior Notes due 2033 (the “notes”) in a private offering (the “offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Plug Power also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $56.25 million aggregate principal amount of the notes. The sale of the notes to the initial purchasers is expected to close on November 21, 2025, subject to customary closing conditions, and is expected to result in approximately $347.2 million (or approximately $399.4 million if the initial purchasers exercise their option to purchase additional notes in full) in net proceeds to Plug Power after deducting the initial purchasers’ discount and estimated offering expenses payable by Plug Power.
As the regular session of the US market on Tuesday comes to an end, let's delve into the after-hours session and discover the top gainers and losers shaping the post-market sentiment.
SLINGERLANDS, N.Y., Nov. 18, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (“Plug Power”) (NASDAQ: PLUG) today announced its intention to offer, subject to market conditions and other factors, $375 million aggregate principal amount of Convertible Senior Notes due 2033 (the “notes”) in a private offering (the “offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Plug Power also expects to grant the initial purchaser of the notes a 13-day option to purchase up to an additional $56.25 million aggregate principal amount of the notes. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
SLINGERLANDS, N.Y., Nov. 18, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in hydrogen solutions for the hydrogen economy, is hosting its seventh annual Plug Power Symposium at the Company’s headquarters and manufacturing facility in Slingerlands N.Y., centered on the theme “Strengthening Energy Independence."
As November 2025 draws to a close, the financial world is poised for a critical round of third-quarter earnings reports from some of America's largest retail giants. With consumer spending under the microscope amidst persistent inflation and macroeconomic uncertainties, the performance of bellwethers like Walmart (NYSE: WMT), The Home Depot
