Plug: Plug Power Stock Is Trending Tuesday: What's Going On?

Plug Power Inc (NASDAQ:PLUG) shares are in the spotlight Tuesday after rallying 26% to start the week. Here's a look at what's going on.What Happened: Plug Power shares raced higher on Monday after the company reported preliminary first-quarter results and announced it secured a credit facility of up to $525 million.Plug said it signed a definitive agreement with Yorkville Advisors for a secured debt facility that includes the issuance of up to $525 million of secured debentures. The arrangement includes an initial $210 million tranche, which will be fully funded at the initial closing, along with additional tranches of up to $315 million. Plug Power said it expects to report ...Full story available on Benzinga.com