📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $Plug Power(PLUG.US) Plug Power Announces Asset Deals to Boost Liquidity by Over $80 Million
👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:➤ 𝐏𝐥𝐮𝐠 𝐏𝐨𝐰𝐞𝐫 to sell 𝐆𝐫𝐚𝐡𝐚𝐦, 𝐓𝐞𝐱𝐚𝐬 project for up to 𝐒𝟕𝟔.𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧.➤ Initial 𝐒𝟓𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 payment expected at closing around 𝐉𝐮𝐥𝐲 𝟑𝟏, 𝟐𝟎𝟐𝟔.➤ Up to 𝐒𝟐𝟔.𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 depends on final Texas interconnection capacity.➤ Texas transaction expected to release approximately 𝐒𝟏𝟒 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in cash collateral.➤ New York Gateway purchase price remains fixed at 𝐒𝟏𝟒𝟐 𝐦𝐢𝐥𝐥𝐢𝐨𝐧.➤ Stream will release 𝐒𝟔.𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 escrow and deposit a new 𝐒𝟏𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 escrow.➤ Plug expects more than 𝐒𝟖𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in near-term incremental liquidity.➤ Company targets more than 𝐒𝟐𝟕𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in total liquidity improvement.➤ Plug held approximately 𝐒𝟏𝟔𝟐 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in unrestricted cash as of June 30, 2026.➤ Plug and Stream are exploring 𝐝𝐚𝐭𝐚 𝐜𝐞𝐧𝐭𝐞𝐫 collaboration opportunities.👉 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:𝐉𝐨𝐬𝐞 𝐋𝐮𝐢𝐬 𝐂𝐫𝐞𝐬𝐩𝐨, Chief Executive Officer and President of Plug Power:"Monetizing these assets was a key part of our strategy this year. We look forward to sharing our results for the second quarter shortly and believe that we are on track with our financial goals for 2026."
Share your thoughtsWhat's on your mind?
0 / 2,000
- H
$Plug Power(PLUG.US) | 𝐏𝐥𝐮𝐠 𝐏𝐨𝐰𝐞𝐫: Canaccord maintains 𝐇𝐨𝐥𝐝, raises 𝐏𝐓 𝐭𝐨 $𝟒
Analyst sees operational improvements and expanding business pipeline supporting recovery potential. - H
🌙 After-Market Earnings Recap:
$ZoomInfo Tech(GTM.US) $Blink Charging(BLNK.US) $Bakkt(BKKT.US) $Simon Property(SPG.US) $AST SpaceMobile(ASTS.US) $Quantum Computing(QUBT.US) $Surf Air Mobility(SRFM.US) $Rigetti Computing(RGTI.US) $Archer Aviation(ACHR.US) $Hims & Hers Health(HIMS.US) $Plug Power(PLUG.US) $Mara(MARA.US) $CleanSpark(CLSK.US) - H
$Plug Power(PLUG.US) | 𝐏𝐥𝐮𝐠 𝐏𝐨𝐰𝐞𝐫: Clear Street reiterates 𝐁𝐮𝐲, raises 𝐏𝐓 𝐭𝐨 $𝟑.𝟓𝟎
Analyst sees improving margins and cost savings narrowing losses, with order momentum and liquidity supporting long-term path to FCF. - P
These days I really saw what a roller coaster the US stock market is. $Plug Power(PLUG.US) is grinding at low levels again. Hydrogen energy concepts are being hyped in turn, but any dilution news will hit you hard.
Over here, $SMX Security Matters(SMX.US) directly crashed to pieces, with a -40% intraday drop. After cutting losses, I can't even be bothered to follow it.
$Roblox(RBLX.US) hasn't made much splash these two days. Guess holders are surviving purely on faith.
Next to it, $Fitell(FTEL.US) jumped a bit with dividends + loyalty program buffs, but this small-cap's movement tomorrow is still uncertain.
$Redwire(RDW.US) lost steam after digesting contract expectations. This market is really exhausting... Recently I don't dare make any rash moves, just keep watching.
- P
[The Biden administration plans to provide financial support to two green technology companies before the handover] According to Jinshi Data on January 16, the Biden administration is preparing to finalize billions of dollars in financial support for electric vehicle manufacturer Rivian and hydrogen fuel cell system manufacturer Plug Power before the Trump administration takes office next week, according to people familiar with the matter. The funds are expected to be announced by the Department of Energy as early as Thursday, including nearly $1.7 billion in loan guarantees for Plug to build a hydrogen energy plant. In addition, the Department of Energy also plans to issue a federal loan to Rivian to finance its construction of a manufacturing plant in Georgia. Although the specific loan amount is unclear, one of the people familiar with the matter said the loan amount is close to the $6.6 billion conditional loan promised by the Biden administration in November.
