Plug Power Inc PLUG

Utilities Utilities - Independent Power Producers

Plug Power Inc. is engaged in offering end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals. The Company develops commercially viable hydrogen and fuel cell product solutions. It provides electrolyzers that allow customers, such as refineries, producers of chemicals, steel, fertilizer and commercial refueling stations, to generate hydrogen on-site. It focuses on industrial mobility applications, including electric forklifts and electric industrial vehicles, at multi-shift high volume manufacturing and high throughput distribution sites and environmental benefits; stationary power systems that supports critical operations, such as data centers, microgrids and generation facilities, in either a backup power or continuous power role and replace batteries, diesel generators or the grid for telecommunication logistics, transportation, and utility customers; and production of hydrogen.

NDAQ:PLUG - Post by User

Plug Power Inc

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Post by stockpunteron Jan 12, 2020 3:47pm

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Post# 30544269

right!

The offering closed on December 10, 2019, and the Company received net proceeds of approximately $120.4 million from the sale of the Shares. The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes, including capital expenditures.

got that from sec filings

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