Plug Power announces stock offering, shares -11.2% AH

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

PLUG hasn't yet disclosed the offering's size. The company only says it will use the proceeds for "general corporate purposes, which may include capital expenditures." (PR)

Plug had $8M in cash/investments on its balance sheet as of June 30, and $1.6M in debt. The fuel cell maker has been bleeding cash for a long time.