Plug Power Stock Plunges 13% On $1 Billion Stock Offering Plan

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Plug Power Stock Plunges 13% On $1 Billion Stock Offering Plan

Tiger Newspress01-18

Plug Power disclosed in an SEC filing that it will sell up to $1 billion in shares, sending PLUG stock plunging 13.3% in morning trading Thursday.

The fuel-cell company entered into an at-market sales agreement with B. Riley.

Shares tumbled 10% on Wednesday to 2.73, the lowest since March 2023. That left Plug Power with a market valuation of just $1.66 billion.

PLUG stock is 78% below where it traded at the end of 2022 and 96% off its January 2021 long-term peak of 75.49.

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Aivern
·01-18
Wow talk about screwing your shareholders lol
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Riley.</p><p style=\"text-align: start;\">Shares tumbled 10% on Wednesday to 2.73, the lowest since March 2023. That left Plug Power with a market valuation of just $1.66 billion.</p><p style=\"text-align: start;\">PLUG stock is 78% below where it traded at the end of 2022 and 96% off its January 2021 long-term peak of 75.49.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163907915","content_text":"Plug Power disclosed in an SEC filing that it will sell up to $1 billion in shares, sending PLUG stock plunging 13.3% in morning trading Thursday.The fuel-cell company entered into an at-market sales agreement with B. Riley.Shares tumbled 10% on Wednesday to 2.73, the lowest since March 2023. 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