Plug seeks to raise $300M with stock sale


Plug seeks to raise 0M with stock sale

COLONIE — Latham fuel cell maker Plug Power is planning to sell $300 million in new shares of its stock to raise money for acquisitions and other strategic initiatives.

Shares (Nasdaq: PLUG) fell 68 cents Wednesday to close at $10.63, and were down another 3 cents in after-hours trading.

Plug Power has been expanding overseas and adding new products while planning a massive new manufacturing facility, the location of which has yet to be determined.

Source: Times Unition
Plug seeks to raise 0M with stock sale

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