Plug Power resumes climb, +12% after filing for stock and warrants offering

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

Plug Power (PLUG +12.1%) is back on the move after it priced an underwritten registered offering of 10M common shares with warrants to purchase 4M additional shares.

PLUG hopes to gain net proceeds of $28M from the offering, to be used as working capital and for general corporate uses such as capital expenditures.

Shares fell back yesterday for the first time this year, but have gained ~150% YTD.