Plug Power CEO Andy Marsh will take 50% of his 2025 salary in company stock in a bid to signal confidence in the hydrogen firm’s future amid widening losses and a plunging stock price.
The move is hoped to counter scepticism around the company’s ability to turn a profit by directly tying the boss’ financial interest more tightly to the company’s performance.
Plug’s stock has dropped from over $3.50 a year ago to $1.58 as of March 20.
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