Hydrogen Maker Plug Power Shares Soar on $525 Million Debt Deal
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Hydrogen Maker Plug Power Shares Soar on $525 Million Debt Deal
(Bloomberg) — Plug Power Inc. shares jumped the most in nearly a year after the hydrogen company announced a $525 million secured debt facility, said it doesn’t plan to raise more equity in 2025 and reported preliminary first-quarter results in line with analysts’ estimates. Plug expects to report revenue of $130 million to $134 million when it releases its full first-quarter results in early May, versus a consensus estimate of $131.6 million. …
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