So PLUG decided to drop a $375 million convertible notes offering and the stock instantly tanked like it saw a ghost. No surprises there. I get that they need cash, but every time this company raises money it feels like shareholders are the ones getting squeezed.
I am not saying the whole thing is doomed, but man…the timing could not be worse, and the market clearly hated it. I am just sitting here watching the chart like, alright, let me know when the bleeding stops so I can decide if this is actually a bargain or just another round of pain.