Plug To Hold February 2, 2026 Investor Question-And-Answer Forum Ahead Of Adjourned Special Meeting

Reuters

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Plug to Hold February 2, 2026 Investor Question-and-Answer Forum Ahead of Adjourned Special Meeting

GlobeNewswire

Plug Power

-9.62%

SLINGERLANDS, N.Y., Jan. 30, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. will host an investor question-and-answer discussion on Monday, February 2, 2026 to provide all stockholders with an opportunity to ask questions regarding the proposals to be voted on at the Company’s adjourned Special Meeting of Stockholders on Thursday, February 5, 2026 at 10:00 a.m. ET. At the Special Meeting, Proposals 1 and 2 require the affirmative vote of a majority of the Company’s outstanding shares. The meeting was adjourned to provide stockholders additional time to vote and to facilitate broader participation.

As of the date of the Special Meeting, approximately 92.63% and 89.09% of the votes cast supported Proposals 1 and 2, respectively, but only approximately 36.93% and 46.86% of the Company’s outstanding shares were represented. The Company estimates it needs an additional 13.07% of the outstanding shares voted in favor of Proposal 1 and an additional 3.14% voted in favor of Proposal 2 to satisfy the applicable voting requirement.

If Proposal 2 is not approved, the Company will proceed with a reverse stock split to increase its authorized shares of common stock available for issuance.

The call will be limited to addressing stockholder questions regarding the proposals presented at the Special Meeting.

The Company urges all eligible stockholders to vote promptly to ensure their views are represented by following the detailed instructions on the Company’s website, www.plugpower.com. You may also connect with the Company’s proxy solicitor, Sodali & Co, at plug@investor.sodali.com for assistance in voting your shares.

Join the call:

• Date: February 2, 2026

• Time: 10:00 am ET

• Toll-free: 877-407-9221 / +1 201-689-8597

• Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1751565&tp_key=d3efc9f414

The webcast will also be accessible from the Plug homepage (www.plugpower.com). A replay of the call will be available online for a period of time following the event.

Important Additional Information and Where to Find It

Plug has filed a definitive proxy statement and other relevant documents with the U.S. Securities and Exchange Commission (“SEC”) in connection with the Special Meeting. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY because they contain important information about the matters to be voted on at the Special Meeting. Stockholders may obtain copies of these documents free of charge at the SEC’s website at www.sec.gov or on Plug’s website at www.plugpower.com.

Participants in the Solicitation

The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company’s stockholders in connection with the Special Meeting. Information about the Company’s directors and executive officers is outlined in the definitive proxy statement for the 2025 Annual Meeting of Stockholders, which was filed with the SEC on June 9, 2025, and information about their ownership of Plug’s stock is outlined in the definitive proxy statement for the Special Meeting filed with the SEC on December 12, 2025.

MEDIA CONTACT

Teal Hoyos

media@plugpower.com

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Plug Power Announces Adjournment Of Special Meeting Of Stockholders

Reuters

Plug Power

-9.62%

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Plug Power Announces Adjournment of Special Meeting of Stockholders

GlobeNewswire

Plug Power

-9.62%

SLINGERLANDS, N.Y., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. , a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced that it convened and adjourned its Special Meeting of Stockholders (the “Special Meeting”) until Thursday February 5, 2026 at 10:00 a.m. ET.

Proposals 1 and 2 require the affirmative vote of a majority of the Company’s outstanding shares. The Special Meeting was adjourned with respect to Proposals 1 and 2 to provide stockholders with additional time to vote and to facilitate broader participation.

As of the date of the Special Meeting, approximately 92.63% and 89.09%, respectively, of the votes cast supported Proposals 1 and 2; however, only approximately 36.93% and 46.86% of the Company’s outstanding shares were represented. The Company estimates that it needs an additional 13.07% of the outstanding shares to be voted in favor of Proposal 1 and an additional 3.14% of the outstanding shares to be voted in favor of Proposal 2 to satisfy the applicable voting requirement.

If Proposal 2 is not approved, the Company will proceed with a reverse stock split to increase its authorized shares of common stock available for issuance.

“We will continue our campaign to solicit votes for Proposals 1 and 2,” said Andy Marsh, Chief Executive Officer of the Company. “We are very close to approval of Proposal 2 – if a little over half of the shares currently voted against the proposal had instead been voted in favor, the proposal would have passed. We pursued this charter amendment in direct response to stockholder feedback expressing concern about increasing the Company’s authorized shares of common stock through a reverse stock split. While the Company currently has the ability to effect a reverse stock split if needed, we believe Proposal 2 represents a more measured and stockholder-responsive path forward, and we encourage stockholders to consider this carefully when casting their votes.”

The Company appreciates the strong level of support demonstrated by stockholders who have already voted. While meaningful progress has been made, additional stockholder participation is still needed. Stockholders still have time to vote. Each stockholder’s vote is important, regardless of the number of shares held. Stockholders are encouraged to vote “yes”, and stockholders who previously voted “no” or “abstain” are encouraged to change their vote to “yes.”

The Company urges all eligible stockholders to vote promptly to ensure their views are represented by following the detailed instructions on the Company’s website, www.plugpower.com. You may also connect with the Company’s proxy solicitor, Sodali & Co, at plug@investor.sodali.com for assistance in voting your shares.

Important Additional Information and Where to Find It

Participants in the Solicitation

MEDIA CONTACT

Teal Hoyos

media@plugpower.com

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Plug Power Calls On Stockholders To Act Now And Vote In Favor Of Proposals At January 29, 2026 Special Meeting

Reuters

Plug Power

-9.62%

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Installed Building Products, Plug Power, Hertz, Shoals, and Distribution Solutions Shares Are Falling, What You Need To Know

Stock Story

Distribution Solutions Group

-0.11%

Hertz Global

-3.54%

Hertz Global Holdings Warrants

What Happened?

A number of stocks fell in the afternoon session after the Dow Jones Industrial Average fell as much as 0.7%, reflecting lingering uncertainty, and capping off a volatile week which saw stocks enjoy some relief as President Donald Trump reduced tensions with European allies by backing off his threat of imposing new tariffs.

Threats of tariffs initially created uncertainty for businesses, as they can lead to higher costs for multinational corporations and disrupt global supply chains. By withdrawing the threat, the administration removed a significant headwind for the market, prompting a relief rally. This development was a key factor in helping major indexes recover from earlier losses, even as some analysts noted that underlying geopolitical risks and market volatility remain concerns for investors.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

Home Builders company Installed Building Products fell 2.6%. Is now the time to buy Installed Building Products? Access our full analysis report here, it’s free.
Renewable Energy company Plug Power fell 4.6%. Is now the time to buy Plug Power? Access our full analysis report here, it’s free.
Ground Transportation company Hertz fell 2.9%. Is now the time to buy Hertz? Access our full analysis report here, it’s free.
Renewable Energy company Shoals fell 4.5%. Is now the time to buy Shoals? Access our full analysis report here, it’s free.
Maintenance and Repair Distributors company Distribution Solutions fell 3%. Is now the time to buy Distribution Solutions? Access our full analysis report here, it’s free.

Zooming In On Plug Power (PLUG)

Plug Power’s shares are extremely volatile and have had 87 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 14 days ago when the stock dropped 7.3% on the news that an analyst at TD Cowen downgraded the stock to Hold from Buy and lowered the price target to $2 from $4.

The downgrade came amid a challenging outlook for the broader hydrogen industry. A report from Wood Mackenzie referred to 2026 as a “year of reckoning for the hydrogen sector,” which would be marked by a “fundamental reassessment of what drives project economies.” This sentiment suggested that the optimism seen in previous years was facing a reality check, adding to the pressure on companies like Plug Power.

Plug Power is up 10.5% since the beginning of the year, but at $2.47 per share, it is still trading 40.3% below its 52-week high of $4.13 from October 2025. Investors who bought $1,000 worth of Plug Power’s shares 5 years ago would now be looking at an investment worth $37.51.

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