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.
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 (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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Electrical Equipment & Parts Industry | Industrials Sector | Mr. Andrew J. Marsh CEO | XMIL Exchange | US72919P2020 ISIN |
US Country | 3,868 Employees | - Last Dividend | 20 May 2011 Last Split | 29 Oct 1999 IPO Date |
Plug Power Inc. is a pioneer in hydrogen and fuel cell technologies, offering innovative solutions across North America, Europe, Asia, and other international markets. Established in 1997, with its headquarters in Latham, New York, the company is dedicated to driving the clean energy transition through its array of products. Plug Power focuses on the development, production, and sale of hydrogen fuel cell systems that are used in a vast range of applications from material handling and backup power to mobility and stationary power systems. Their commitment to sustainability is evident through their effort in providing clean hydrogen production and fueling solutions, alongside comprehensive service programs to ensure the optimal performance of their products.