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0.0052910052910053 0 0.0052910052910053 0 0.0158730158730159 0.0105820105820106 0.0104232804232804 0.0105820105820106
Stock impact report

Why Plug Power (PLUG) Stock Is Trading Lower Today [Yahoo! Finance]

Plug Power, Inc. (PLUG) 
Last plug power, inc. earnings: 3/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.plugpower.com/home/default.aspx
Company Research Source: Yahoo! Finance
The debt, due in 2033 with a 6.75% interest rate, was offered to qualified institutional buyers. The stock's sharp drop reflected investor concerns about potential shareholder dilution. This risk arises because the notes can be converted into company stock, which would increase the total number of shares and could reduce the value of existing ones. Plug Power intended to use about $243 million of the proceeds to repay the principal and interest on its existing secured debentures. The shares closed the day at $1.89, down 12.3% from previous close. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy Plug Power? Access our full analysis report here What Is The Market Telling Us Plug Power's shares are extremely volatile and have had 101 moves greater than 5% over the last year. But moves this big are rare even for Plug Power and indicate this news significantly impacted the market's perception Show less Read more
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