What's Going On With Plug Power Stock Tuesday?
Plug Power Inc. PLUG stock rose in Tuesday’s premarket trading as the company disclosed updates to its regulatory filings and highlighted continued operational progress.
On September 22, Plug filed a prospectus supplement tied to its May 2025 registration statement with the U.S. Securities and Exchange Commission.
The document covers the resale of common stock related to warrants issued in March 2025.
These warrants, representing over 185 million shares at a $2.00 exercise price, will remain valid until March 2028.
The legal backing for the issuance was provided by Goodwin Procter LLP, whose opinion was included in the filing.
The move ensures compliance as the company refreshes its registration framework while addressing potential investor concerns about share dilution.
According to Benzinga Pro, PLUG stock has gained over 32% in the past year. Investors can gain exposure to the stock via Global X Hydrogen ETF HYDR.
Meanwhile, Plug continues to court institutional stakeholders and analysts as part of a broader transparency push.
Chief Revenue Officer Jose Luis Crespo and Vice President of Investor Relations Roberto Friedlander have been actively communicating Plug’s strategic vision and operational milestones.
In this regard, Plug hosted an investor tour at its green hydrogen production plant in Georgia with Oppenheimer.
The event showcased the facility’s record-setting month in August, when it produced 324 metric tons of hydrogen with 97% uptime and 99.7% availability. These figures underscore the scalability of the firm’s GenEco electrolyzer technology and strengthen its claim as a leader in large-scale hydrogen production.
Price Action: PLUG shares were trading higher by 9.43% to $2.900 premarket at last check Tuesday.
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