"Plug Power's Stock Plunge Amid $1 Billion Equity Offering Plan"
Plug Power Inc. plans to sell up to $1 billion in common stock through an at-the-market issuance sales agreement with B. Riley Securities, as the company faces liquidity and supply challenges. The alternative-energy company's shares have plummeted over 80% in the past year, and it has experienced significant losses, supply-chain issues, and production delays. Susquehanna recently downgraded the stock due to delays in green hydrogen production facility buildout and challenges in securing external funding sources.
