Plug Power stock sinks 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. tumbled 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, -8.14%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 business
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PLUG
News
- Plug Signs Additional BEDP Contracts for a Total of 4.5GW of Electrolyzers Across Europe and the United States [Yahoo! Finance]Yahoo! Finance
- Plug Signs Additional BEDP Contracts for a Total of 4.5GW of Electrolyzers Across Europe and the United States [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Plug Signs Additional BEDP Contracts for a Total of 4.5GW of Electrolyzers Across Europe and the United StatesGlobeNewswire
- Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Plug Power Inc. Lawsuit - PLUGAccesswire
- Plug Power Inc. Class Action: Levi & Korsinsky Reminds Plug Power Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 21, 2024 - PLUGAccesswire
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