Stock Track | Plug Power Plummets 5.47% Intraday After Announcing $375 Million Convertible Note Offering

Stock Track

Dec 01

Plug Power Inc. (NASDAQ: PLUG) saw its shares drop sharply by 5.47% during intraday trading on Monday, following the company's announcement of a $375 million private offering of convertible senior notes due 2033.

The proceeds from the offering are expected to be used to retire $243 million of high-interest debt and repurchase part of its 2026 convertible notes. While this move supports the company's deleveraging efforts, analysts remain cautious. JP Morgan's Bill Peterson maintained a Neutral rating and withdrew his price forecast, noting that consistent progress on profitability, margins, and cash burn is needed before adopting a more positive outlook.

Despite the drop, Plug Power reiterated its fiscal 2025 and 2026 guidance, projecting improved margins and stronger equipment sales. The company also recently secured a $2.8 million contract with NASA to supply liquid hydrogen, marking its entry into the space industry.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/1118670450"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1118670450\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1118670450?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-01 22:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1118670450","market":"us","top_or_hot":-1,"title":"Stock Track | Plug Power Plummets 5.47% Intraday After Announcing $375 Million Convertible Note Offering","media":"Stock Track","content":"<p>Plug Power Inc. (NASDAQ: PLUG) saw its shares drop sharply by 5.47% during intraday trading on Monday, following the company's announcement of a $375 million private offering of convertible senior notes due 2033.</p><p>The proceeds from the offering are expected to be used to retire $243 million of high-interest debt and repurchase part of its 2026 convertible notes. While this move supports the company's deleveraging efforts, analysts remain cautious. JP Morgan's Bill Peterson maintained a Neutral rating and withdrew his price forecast, noting that consistent progress on profitability, margins, and cash burn is needed before adopting a more positive outlook.</p><p>Despite the drop, Plug Power reiterated its fiscal 2025 and 2026 guidance, projecting improved margins and stronger equipment sales. The company also recently secured a $2.8 million contract with NASA to supply liquid hydrogen, marking its entry into the space industry.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Plug Power Plummets 5.47% Intraday After Announcing $375 Million Convertible Note Offering</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Plug Power Plummets 5.47% Intraday After Announcing $375 Million Convertible Note Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-12-01 22:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Plug Power Inc. (NASDAQ: PLUG) saw its shares drop sharply by 5.47% during intraday trading on Monday, following the company's announcement of a $375 million private offering of convertible senior notes due 2033.</p><p>The proceeds from the offering are expected to be used to retire $243 million of high-interest debt and repurchase part of its 2026 convertible notes. While this move supports the company's deleveraging efforts, analysts remain cautious. JP Morgan's Bill Peterson maintained a Neutral rating and withdrew his price forecast, noting that consistent progress on profitability, margins, and cash burn is needed before adopting a more positive outlook.</p><p>Despite the drop, Plug Power reiterated its fiscal 2025 and 2026 guidance, projecting improved margins and stronger equipment sales. The company also recently secured a $2.8 million contract with NASA to supply liquid hydrogen, marking its entry into the space industry.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLUG","symbol_name":"普拉格能源","start_time":0,"source_url":"","article_id":"1118670450","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1118670450","pubTimestamp":1764600263,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Plug Power Inc. (NASDAQ: PLUG) saw its shares drop sharply by 5.47% during intraday trading on Monday, following the company's announcement of a $375 million private offering of convertible senior...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLUG":"普拉格能源"},"translate_title":"个股追踪|普拉格能源宣布发行3.75亿美元可转债后盘中暴跌5.47%","themeId":"b94ec5db08b9be528e7b09f95698655a","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLUG":1},"content_text":"Plug Power Inc. (NASDAQ: PLUG) saw its shares drop sharply by 5.47% during intraday trading on Monday, following the company's announcement of a $375 million private offering of convertible senior notes due 2033.The proceeds from the offering are expected to be used to retire $243 million of high-interest debt and repurchase part of its 2026 convertible notes. While this move supports the company's deleveraging efforts, analysts remain cautious. JP Morgan's Bill Peterson maintained a Neutral rating and withdrew his price forecast, noting that consistent progress on profitability, margins, and cash burn is needed before adopting a more positive outlook.Despite the drop, Plug Power reiterated its fiscal 2025 and 2026 guidance, projecting improved margins and stronger equipment sales. The company also recently secured a $2.8 million contract with NASA to supply liquid hydrogen, marking its entry into the space industry.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}