Announces Pricing of Public Offering of Common StockPlug Power Inc. Oppenheimer's Colin Rusch lifted his target to $8 from $6, saying the acquisitions reflect continued "savvy" strategic decisions. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. The company said Tuesday that it expects to achieve $1.2 billion in revenue in 2024, up from a previous outlook of $1.0 billion. These forward-looking statements are made as of the date they were first issued and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Have Watchlists? We would like to show you a description here but the site won’t allow us. Plug management is talking about applying fuel-cell technology to heavy-duty trucks—along the lines of the newly public Nikola. North Korea’s Kim Jong Un calls for readiness against coronavirus, typhoon These forward-looking statements should not be relied upon as representing Plug Power’s views as of any date subsequent to the date of this press release. Eight analysts rate Plug the equivalent of buy, and one rates it the equivalent of hold. Announces Proposed Public Offering of Common StockNearly 44% of Business are Now Seriously Considering MicrogridsUS Stocks That Surged Higher This Week: $PENN $PLUG $CZRPlug Power Brings Hydrogen Fuel Cells to Leading UK Supermarket Retailer AsdaPlug Power Brings Hydrogen Fuel Cells to Leading UK Supermarket Retailer AsdaPlug Power Brings Hydrogen Fuel Cells to Leading UK Supermarket Retailer AsdaIteris Appoints Luke Schneider to Its Board of Directors Plug Power’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including, but not limited to, the risks related to the offering of the shares, market risks and uncertainties and the impact of any natural disasters or public health emergencies, such as the COVID-19 pandemic. CURRENT REPORT. Hydrogen technology is coming of age, and the cost of gas is coming down to levels to make the technology viable.Democratic presidential nominee has pledged a variety of clean-energy policies that could benefit related industriesManagement is taking advantage of current, welcoming market conditions by raising money. ... Plug Power completed the acquisition of United Hydrogen and Giner ELX in line with the Company's hydrogen vertical integration strategy plans to … Plug Power undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The company also enjoys a "leading position" in hydrogen fueling infrastructure, which could be more efficient for commercial trucking than battery power, J.P. Morgan said. Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 . The analysts moved their price target to $8.50, from $6, implying a 6% upside for the shares, and kept their rating at their equivalent of hold. Some momentum stocks, like Tesla, have yet to record a full-year profit, but their future potential and recent stock performance have still attracted hordes of buyers.Technology to realize the vast potential of hydrogen is solid, but investors may be too far ahead of the adoption curve. SECURITIES AND EXCHANGE COMMISSION. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Plug Power’s filings and reports with the SEC, including the Annual Report on Form 10-K for the year ended December 31, 2019, as amended and supplemented by the Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020, as well as other filings and reports that are filed by Plug Power from time to time with the SEC. Copies of the preliminary prospectus and the accompanying prospectus relating to the securities being offered may also be obtained from Morgan Stanley at Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.This press release does not and shall not constitute an offer to sell or a solicitation of an offer to buy any shares of Plug Power’s common stock, nor shall there be any offer, solicitation or sale of such shares, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell (HFC) turnkey solutions. Before you invest, you should read the preliminary prospectus supplement and the accompanying prospectus in that registration statement and other documents filed with the SEC for more information about Plug Power and this offering. Provident Financial swings to loss due to COVID-19
LATHAM, N.Y., Aug. 11, 2020 (GLOBE NEWSWIRE) -- Plug Power Inc. (“Plug Power”) (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, today announced that it is commencing a registered public offering of $300,000,000 of its common stock. Trump’s convention breaks norms — and possibly the Hatch Act You may obtain these documents free of charge by visiting the SEC’s website at www.sec.gov. How to prepare.Barclays analyst Moses Sutton downgraded fuel-cell firm Plug Power to Equal Weight from Buy. Plug Power anticipates that subsequent events and developments will cause its views to change and you should consider these factors in evaluating the forward-looking statements and not place undue reliance on such statements. Virtual Stock Exchange; Video. However, Plug Power has not designated any specific uses and has no current agreement with respect to any acquisition or strategic transaction.The securities described are being offered by Plug Power pursuant to an automatic shelf registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC.
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