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Plug Power shares sink on secondary stock offering

MARKETWATCH 7:32 AM ET 04/23/14
Symbol Last Price Change
PLUG 6.7down 0 (0%)
QUOTES AS OF 04:00:01 PM ET 04/22/2014

NEW YORK (MarketWatch) -- Shares of Plug Power Inc.(PLUG) slid 10% premarket Wednesday to $6.02 after the fuel-cell maker said it was partaking in a secondary offering of stock. The company will sell 15 million additional shares, according to a prospectus filed with the Securities and Exchange Commission. There is not yet any pricing information. The stock closed at $6.70 on Tuesday. The offering is being managed by Morgan Stanley and Barclays, and is co-managed by Cowen & Company and FBR Capital Markets.

-Ben Eisen; 415-439-6400; [e-mail]

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04-23-140732ET
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