Plug Power (PLUG +6.2%) gains saying earlier that the preferred stock investment made by Air...

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

Plug Power (PLUG +6.2%) gains saying earlier that the preferred stock investment made by Air Liquide closed on May 16. The company issued 10,431 shares of 8% convertible Series C Preferred Stock to Air Liquide, garnering $2.6M from the sale as part of a $6.5M strategic investment that PLUG says is a significant part of its strategy to grow its hydrogen fuel cell business for forklift trucks and other horizontal markets.