Plug Power (PLUG +51.1%) gets a big jolt from partner Air Liquide (AIQUY.PK), which makes a...

|About: Plug Power, Inc. (PLUG)|By:, SA News Editor

Plug Power (PLUG +51.1%) gets a big jolt from partner Air Liquide (AIQUY.PK), which makes a strategic investment of $6.5M into the struggling fuel cell maker. The deal gives Liquide $2.6M in convertible preferred shares (8% coupon), a board seat, and a 25% stake in HyPulsion (a joint venture between an Air Liquide subsidiary and PLUG). (PR)