Energy Plug Technologies Corp. (6GQ)
XFRA 
Summary
6GQ Chart
Plug Power: Stock Rallies On Preliminary Q1 Results And New Financing Announcement - Hold
Plug Power's shares rallied after the company pre-announced Q1 revenues in-line with management's previous guidance range and highlighted lower cash usage. In addition, the company entered into an up to $525 million secured debt agreement with existing lender Yorkville Advisors. Unfortunately, a closer look at Plug Power's regulatory filings reveals an expensive transaction with a 15%+ interest rate and harsh amortization requirements.
Why Plug Power Stock Is Skyrocketing Today
Plug Power (PLUG 27.53%) stock is soaring in Monday's trading after the company published preliminary first-quarter results and announced a new funding move. The hydrogen fuel cell specialist's share price was up 28.8% as of 2:45 p.m.
Plug Power shares pop on strong preliminary Q1 results
Plug Power (NASDAQ:PLUG) shares surged after the company announced strong preliminary revenue results for the first quarter of 2025 and the signing of a significant $525 million secured credit facility with Yorkville Advisors. The company, which is developing green hydrogen and fuel cell technologies, said it expects first quarter revenue in the range of $130 million to $134 million, in line with the analyst consensus of $131.6 million.
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Energy Plug Technologies Corp. Profile
| - Industry | - Sector | - CEO | XFRA Exchange | - ISIN |
| Germany Country | - Employees | - Last Dividend | 20 May 2011 Last Split | - IPO Date |
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