How Plug Power's 59% Stock Crash Has Put Clean-Energy ETFs At Risk

Benzinga_recent_news11-20

Plug Power Inc’s (NASDAQ:PLUG) latest capital raise is having far-reaching effects beyond its own stock. Shares of the hydrogen fuel cell company plummeted nearly 20% in after-hours trading on ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2584992058?lang=en_US&edition=fundamental","thumbnail":"https://cdn.benzinga.com/files/images/story/2025/11/19/Plug-Power-Inc-.jpeg?optimize=medium&dpr=2&auto=webp&width=240","is_english":true,"pubTime":"2025-11-20 01:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2584992058","market":"us","top_or_hot":-1,"title":"How Plug Power's 59% Stock Crash Has Put Clean-Energy ETFs At Risk","media":"Benzinga_recent_news","content":"<div>\n<p>Plug Power Inc’s (NASDAQ:PLUG) latest capital raise is having far-reaching effects beyond its own stock. \nShares of the hydrogen fuel cell company plummeted nearly 20% in after-hours trading on ...</p>\n\n<a href=\"https://www.benzinga.com/etfs/sector-etfs/25/11/48956612/how-plug-powers-59-stock-crash-has-put-clean-energy-etfs-at-risk\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Plug Power's 59% Stock Crash Has Put Clean-Energy ETFs At Risk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Plug Power's 59% Stock Crash Has Put Clean-Energy ETFs At Risk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-20 01:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/etfs/sector-etfs/25/11/48956612/how-plug-powers-59-stock-crash-has-put-clean-energy-etfs-at-risk><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug Power Inc’s (NASDAQ:PLUG) latest capital raise is having far-reaching effects beyond its own stock. \nShares of the hydrogen fuel cell company plummeted nearly 20% in after-hours trading on ...</p>\n\n<a href=\"https://www.benzinga.com/etfs/sector-etfs/25/11/48956612/how-plug-powers-59-stock-crash-has-put-clean-energy-etfs-at-risk\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.benzinga.com/etfs/sector-etfs/25/11/48956612/how-plug-powers-59-stock-crash-has-put-clean-energy-etfs-at-risk","article_id":"2584992058","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/11/19/Plug-Power-Inc-.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/etfs/sector-etfs/25/11/48956612/how-plug-powers-59-stock-crash-has-put-clean-energy-etfs-at-risk","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2584992058","pubTimestamp":1763574000,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Plug Power's $375M convertible-notes deal sent the stock tumbling and sparked fresh volatility for hydrogen and clean-energy ETFs.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念",".IXIC":"NASDAQ Composite","PSQ":"做空纳斯达克100指数ETF-ProShares","TQQQ":"纳指三倍做多ETF","USJW.SI":"ALPHAB 3xLongSG261006","BK4596":"哈里斯概念","TSYW.SI":"TESLA 3xLongSG261006","BK4588":"碎股","BK4550":"红杉资本持仓","HYDR":"Global X Hydrogen ETF","USAW.SI":"AMZN 3xLongSG261006","QLD":"2倍做多纳斯达克100指数ETF-ProShares","BK4541":"氢能源","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","ICLN":"iShares S&P Global Clean Energy","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","PLUG":"普拉格能源","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1548497426.USD":"安联环球人工智能AT Acc","NVIW.SI":"NVDA 3xLongSG261006","BK4096":"电气部件与设备","QID":"两倍做空纳斯达克指数ETF-ProShares","FDN":"First Trust Dow Jones Internet I","SQQQ":"纳指三倍做空ETF","LU0823414478.USD":"法巴经典能源转换基金"},"translate_title":"普拉格能源59%的股价暴跌如何使清洁能源ETF面临风险","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSYW.SI":0.6,".IXIC":0.66,"QLD":0.6,"SQQQ":0.6,"PSQ":0.6,"TQQQ":0.6,"USJW.SI":0.6,"HYDR":1,"ICLN":1,"QID":0.6,"NVIW.SI":0.6,"PLUG":1.5,"MNQmain":0.6,"USAW.SI":0.6,"NQmain":0.6,"FDN":0.9},"content_text":"Plug Power Inc’s (NASDAQ:PLUG) latest capital raise is having far-reaching effects beyond its own stock. \nShares of the hydrogen fuel cell company plummeted nearly 20% in after-hours trading on Tuesday after the company priced $375 million in 6.75% convertible senior notes due 2033 — a move meant to refinance expensive debt but one that also renews investor concern over dilution and rising obligations. On Wednesday, the stock is down almost 13%. The stock is down around 59% from the 52-week high that it reached in early October.\nFor the ETF investors in the clean-energy space, the fallout is immediate.\n    • Check out the latest moves of PLUG stock here.\nHydrogen-focused funds like the Global X Hydrogen ETF (NASDAQ:HYDR) were already having a tough year as a result of  high capital costs and slow commercialization timelines in its member stocks. Plug Power is one of the most recognizable pure-play hydrogen stocks and has meaningful weight in HYDR, so Tuesday’s decline marked a fresh headwind for investors looking for thematic exposure to the fuel-cell theme. The fund is down more than 10% in the past month.\nBroader clean-energy ETFs were not spared either. The Invesco WilderHill Clean Energy ETF (NYSE:PBW), known for its tilt toward early-stage and high-growth energy-transition names, counts Plug Power among its notable holdings. The fund took a hit of more than 10% in the last month. \nThe iShares Global Clean Energy ETF (NASDAQ:ICLN), which over the past year has diversified away from concentrated single-name risk, now also faces fresh complications as investors reassess hydrogen-linked volatility.\nPlug Power plans to use roughly $245 million of the proceeds to repay outstanding high-interest debt, including 15% secured debentures, while the remaining funds are to be used for the repurchase of existing notes and general corporate purposes. The company also granted initial purchasers a 13-day option to buy an additional $56.25 million in notes, potentially lifting total proceeds to almost $400 million.\nExperts say the refinancing improves near-term liquidity at the price of shareholder dilution and extended leverage. The notes, priced at 95% of face value, will be convertible into cash, stock, or a mix — a structure that typically pressures equity holders.\nIt serves as a reminder of the wider challenge for investors in thematic ETFs: hydrogen remains a capital-intensive, slow-to-scale technology, and funds concentrated in unprofitable innovators are more vulnerable when their top constituent stumbles.\nTo investors using ETFs as diversified vehicles to play the energy transition, the latest move from Plug Power may reignite questions about whether hydrogen-heavy portfolios are behaving more like venture-style baskets: reliant on repeated financing rounds that swing sentiment sharply with each announcement.\nThe offering is limited to qualified institutional buyers and isn’t registered under the Securities Act, so volatility in the stock, and, by extension, in hydrogen-exposed ETFs, may persist as markets digest the deal. \nFor funds holding Plug Power, the next leg depends on the company delivering on cost reductions and growth plans that have struggled to gain traction. With the hydrogen enthusiasm facing yet another reality check driven by dilution, ETF investors may reassess how much speculative risk they’re willing to take on for the long-term energy transition story.\nRead Next: \nPhoto: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2584992058","isCrawlerRequest":true}