Plug Power stock price today: PLUG steadies premarket as share-sale fears linger
Plug Power shares held steady premarket Wednesday after a 3.7% drop to $1.82 Tuesday, following shareholder approval to double authorized common stock to 3 billion shares. The move eases cash-raising options but raises dilution risk. Investors rejected a proposal to lower voting thresholds for charter changes. CEO Andy Marsh steps down in March, with Jose Luis Crespo set to take over.