Plug Power's stock plummeted 6.84% during intraday trading on Friday, as investors reacted to news regarding an upcoming shareholder vote.

The decline follows the company's announcement of an investor question-and-answer forum scheduled for February 2, ahead of an adjourned Special Meeting of Stockholders. At the meeting, Proposals 1 and 2 require majority approval. Current vote counts show insufficient support, and if Proposal 2 fails, the company will proceed with a reverse stock split.

This uncertainty and the potential for a reverse split, often viewed negatively by the market, appear to have driven the sell-off.