Plug Power Soars 14.53% on $525M Credit Facility

On April 28, 2025, Plug Power's stock surged by 14.53% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Plug Power has recently secured a $525 million secured credit facility, which includes an initial tranche of $210 million that will be fully funded at the initial closing. This financial move is part of the company's strategy to bolster its liquidity and support its ongoing operations and growth initiatives. The facility also includes additional tranches of up to $315 million, providing Plug Power with substantial financial flexibility.

In addition to securing the credit facility, Plug Power has reported strong preliminary revenue figures, indicating robust performance in its core business segments. The company has also been actively advancing cost-cutting measures aimed at enhancing profitability. These efforts are expected to contribute to Plug Power's long-term financial health and operational efficiency.