Plug Power Announces CEO Transition Alongside Doubling of Authorized Shares
Feb 27, 2026 (17 hr ago)
Negative
Plug Power is undergoing a major leadership change concurrent with doubling its authorized share count, signaling critical funding and governance shifts.
Governance and Share Structure Overhaul
- CEO Andy Marsh is stepping down, with Jose Luis Crespo assuming the role immediately following the March 2, 2026, earnings release4
- The company authorized doubling its share count from 1.5 billion to 3.0 billion, raising concerns about future shareholder dilution3, 4, 5
- This share expansion provides management greater flexibility for capital raising or balance sheet restructuring efforts5
Operational Progress Amidst Legal Scrutiny
- Electrolyzer deliveries surged by over 200% throughout the 2025 fiscal year4
- The company secured a long-term contract with NASA valued at approximately $2.8 million, extending through 20304
- Multiple securities class action lawsuits have been filed, challenging past disclosures regarding Department of Energy loan prospects1
- Investors have until April 3, 2026, to join collective actions alleging issues related to past stock performance and project financing communications4
Near-Term Financial Projections
- Fourth-quarter revenue is projected to increase by about 15%, reaching over $220 million4
- Analysts anticipate a projected quarterly loss of -$0.10 per share, representing a 93.9% year-over-year increase in loss magnitude2
- The consensus EPS estimate for the quarter saw a downward revision of 2.6% over the last 30 days2
- S
- A
BC-Most Active Stocks
Associated Press Finance
- Z
- S
- A
A Leadership Transition and Financial Crossroads for Plug Power
A Leadership Transition and Financial Crossroads for Plug Power
- S
