Plug Power Inc. will convene a special meeting of stockholders on January 15 2026 to vote on a charter amendment that would double the company’s authorized common stock from 1.5 billion to 3.0 billion shares. The record date for voting eligibility is December 4 2025, and the amendment also aligns the company’s voting standards with recent Delaware statutory changes, simplifying future charter modifications.
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Plug Power Inc. priced a $375 million aggregate principal amount of 6.75% convertible senior notes due December 1, 2033, offering the notes at 95 % of par and targeting a closing date of November 21, 2025.
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Plug Power Inc. reported third‑quarter 2025 revenue of $177 million, falling $6.1 million short of the $183.1 million consensus estimate, while adjusted earnings per share of –$0.12 surpassed the –$0.13 forecast by $0.01. The revenue miss reflects a modest decline in the company’s non‑electrolyzer business, offset by a 46% sequential jump in electrolyzer revenue to $65 million, the largest segment of the company’s portfolio.
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Plug Power disclosed a plan to generate more than $275 million in liquidity by monetizing non‑core assets, releasing restricted cash, and cutting maintenance expenses. The company will also suspend activities related to the Department of Energy loan program, reallocating capital toward higher‑return opportunities.
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