Plug Power Stock Jumped. The Company Is Sorting Out Its Balance Sheet.
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Shares of hydrogen technology company Plug Power soared Monday after the company announced new financing. Plug stock closed up 25.7% at $1.o2 on Monday, while the and gained 0.1% and 0.3%, respectively. The move followed the company’s announcement of a new $525 million credit facility with Yorkville Advisors.
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