Plug Power Inc (PLUG) Price

Plug Power Pivots to Data Centers Amid Solvency Crisis

Plug Power is attempting a strategic pivot to the data center power market while executing critical financing maneuvers, including a $431.25M convertible note offering and seeking shareholder approval to double its authorized shares to avoid a liquidity crunch.

ExxonMobil Halts Hydrogen Investment, Pivots to Fossil Fuels

ExxonMobil is pausing its clean hydrogen projects, cutting its low-carbon budget by $10 billion for 2025-2030. The move reflects a broader industry retreat from nascent green technologies amid shifting political and economic pressures, signaling a strategic refocus on core fossil fuel operations.

Heightened Trading Volume in Tech and Speculative Stocks Signals Shifting Investor Focus