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What catalyst(s) do you see for this to climb above $5 in the near future?
What's the reason for the uptick today?
Well, there goes that $3 mark.....
Plug Power Inc. Announces Proposed Public Offering of Common Stock
5:07 pm ET December 2, 2019 (Globe Newswire) Print
Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, today announced that it has commenced an underwritten public offering of 40 million shares of its common stock. In addition, Plug Power intends to grant the underwriters a 30-day option to purchase up to an additional 6 million shares of its common stock.
Morgan Stanley and Barclays are acting as joint book-running managers for the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.
Plug Power intends to use the net proceeds from the offering for working capital and other general corporate purposes, including capital expenditures.
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. A preliminary prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC's website located at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the securities being offered may also be obtained by contacting Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; and Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (888) 603-5847.
Nice bit of news AH.......
Challenging the 52-wk low again this week, AND approaching the lows of 2012-2013........ sure looks headed under $3. Anything to stop it?
The S 30-day chart is depressing...... and with Legere leaving T-Mobile next spring, any guesses how far down this will continue to slide??
They did a 1:20 in August, but they are below $1.00 again, so in a few weeks they will be Nasdaq deficient again.... unless something brings the SP up again....
Thanks for the info.... appreciate it.
Everybody (including Clay) taking a break from WKHS this week? Barely any volume......
This is holding pretty well...... considering that BLDP, FCEL, and PLUG are all dropping double digits today......
Um, Form 25... removal from listing and registration? Can anyone shed some light on this?
Only about 3 more weeks until Nasdaq deficiency kicks in......... what do we think the reverse ratio will be again this time....... 15:1? More?
Slight uptick today. Any news/info to go along with it, or is it just some playing/manipulating to attract new buyers? Watching this......
Yes, clarity and transparency would definitely be key here. I think more individual, small investors would come aboard if they knew all the facts and could decide/decipher for themselves..... and I think it would draw more institutional investing as well.
Amazon fulfillment center news would be the extra gravy to me.....
Hasn't Henrik lost all credibility by now? Roth Capital just upgraded PLUG, and I'd like to think they might be a bit more neutral than Henrik.......
Same old song and dance here. Shame.
That's looking more realistic than anything else, right about now...... maybe .27 ? Hahaha
Yeah, looking pretty bad at the moment.....
Yeah, I'm not worried about some class action...... I WOULD like the Q3 estimates to get surpassed and the SP to climb back above $3. Undervalued here, in my opinion....
Anything in the near-future pipeline to stop this massive slide? Q3 thoughts?
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Workhorse Group Inc. - WKHS
2:46 pm ET November 4, 2019 (Globe Newswire) Print
Pomerantz LLP is investigating claims on behalf of investors of Workhorse Group Inc. ("Workhorse" or the "Company") (NASDAQ: WKHS). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Workhorse and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On November 1, 2019, Workhorse disclosed that on October 28, 2019, the Audit Committee of the Company's Board of Directors concluded that "the Company's unaudited financial statements as of and for the three and six months ended June 30, 2019 ( the 'Financial Statements') should no longer be relied upon." Specifically, Workhorse "identified an accounting misstatement in the Financial Statements primarily related to Warrants issued in July 2018 as part of a debt financing" and advised investors that "[t]he impact on the Company's Financial Statements . . . is to reduce interest expense by approximately $16.9 million and reduce the warrant liability by the same amount for previously recorded mark-to-market adjustments. The impact on shareholders' deficit was to reduce it by approximately $17.6 million." On this news, Workhorse's stock price fell sharply during intraday trading on November 4, 2019.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 9980
__GNW8366DE3E__IMG
Shareholder Alert..... Class Action.
Talk about volatility in the SP......
Q3 estimates....... will we beat or we miss?
So the EPS and the Sales both beat the analysts' estimates, and the share price plummets 8-10%. How brilliant is that. What a crock.
Finish the week under $3.00 or going over $3.50....... hmmmm.
Good call Gixxer....... didn't know you were such a fortune teller. I've seen Nokia's action for the last 15+ years, so this doesn't surprise me. But you should be pretty dumbfounded right now..... so, I hope for your sake you DID sell... otherwise, it's probably you who's crying right now...
Looks like we may have made it through another storm season here in FL without anything major... thankfully. Where do we think this is headed now?
$200,000,000.......... that's a lot of room. How far is this going to fall?
$7.50 with news? That would be a start.......
All this action, research, co-laboring, 5G, products, etc..... and we can't get to $7.... or even $6 for that matter. Shame.
That's what they do. Not just on this ticker, but everywhere. It's how they get the price to fall fairly consistently (and make tons shorting in the process).
Any thoughts on the recent 5G debates/concerns?
We came close at 6.34 today...... hoping for a leg up tomorrow again.
Pretty volatile today...... are we gonna test the $5's again before we get close to testing $8's?
You and me both.....
And then a spike right now.... out of nowhere. This is getting really silly....
Nasdaq deficient....... how far is this falling? Could use a good PR from USPS right about now......