PLUG - Why Plug Power Stock Is Tanking | Benzinga
Plug Power, Inc. (NASDAQ:PLUG) shares are trading lower after-hours Thursday after the company announced the commencement of a $200 million public offering of its common stock.
The Details: Plug Power announced after the closing bell that it has commenced an underwritten public offering of $200 million of its common stock and intends to grant the underwriters a 30-day option to purchase up to $30 million of additional shares of common stock.
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