Plug Power's Debt Sale Triggers Stock Drop
Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Venerdì
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Plug Powers stock plummets after announcing plans to sell $375 million in new debt, aiming to reduce interest expenses. Despite the potential long-term benefits, investors react negatively, causing shares to drop 16% to $1.80, marking a 60% loss since October.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
