Plug Power Inc. (NASDAQ: PLUG) experienced a significant intraday surge, with its stock price soaring 16.67% during Thursday's trading session.
The sharp increase is attributed to investor positioning ahead of a high-stakes "Ask Me Anything" (AMA) session on Reddit featuring the company's longtime CEO, Andy Marsh. The scheduled discussion is set to focus on an upcoming special shareholder meeting that could fundamentally reshape the hydrogen specialist's capital structure.
Shareholders are being asked to vote on measures that would give the company flexibility to raise equity and fund growth projects. The alternative could force a reverse stock split. Today's AMA provides a real-time gauge of investor sentiment regarding these critical choices for the company's future funding and expansion plans.