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Plug Power announces stock offering, shares -11.2% AH

Sep. 10, 2013 4:10 PM ETPlug Power Inc. (PLUG) StockPLUGBy: Eric Jhonsa, SA News Editor1 Comment
  • 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.

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