Plug Power stock plunges after upsized public offering prices at 11% discount [Yahoo! Finance News]
Plug Power, Inc. (PLUG)
Last plug power, inc. earnings: 3/5 07:00 am
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Source: Yahoo! Finance News
Shares of Plug Power Inc. plunged Wednesday, to pull back from a more than 15-year high, after the hydrogen-fuel company announced the sale of $1.8 billion worth of common stock to the public.The company said late Tuesday that its upsized 28 million share offering priced at $65 a share, as the company raised $1.82 billion. That price was 11.2% below Tuesday’s closing price of $73.18. Plug Power also granted the underwriters options to buy an additional 4.2 million shares to cover overallotments.The stock, -11.15%The pricing announcement came just several hours after it said it commenceda public offering of $1.5 billion worth of stockPlug Power’s move to sell shares came as they soared 11.4% on Tuesday, to close at the highest price since August 2005, after the company raised its gross billings estimates for the year.Read more about the billings outlookJ.P. Morgan analyst Paul Coster raised on Wednesday his stock price target to $70 from $60, citing Plug Power’s upbeat busines
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PLUG
News
- Class Action Filed Against Plug Power Inc. (PLUG) - May 21, 2024 Deadline to Join - Contact Levi & KorsinskyAccesswire
- Why Plug Power (PLUG) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
- IMPORTANT INVESTOR ALERT: The Schall Law Firm Encourages Investors in Plug Power Inc. with Losses of $300,000 to Contact the FirmAccesswire
- PLUG SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman LLC Reminds Plug Power, Inc. Investors to Join the Class Action Lawsuit!Accesswire
- Shareholders That Lost Money on Plug Power Inc. (PLUG) Urged To Join Class Action – Contact Levi & Korsinsky To Learn MoreAccesswire
PLUG
Earnings
- 11/9/23 - Miss
PLUG
Sec Filings
- 4/8/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- PLUG's page on the SEC website