Technology Stocks
Plug Power (PLUG)
An SI Board Since August 1999
Posts SubjectMarks Bans Symbol
776 58 0 PLUG
Emcee:  Scoobah Type:  Unmoderated
Power Plug seeks to raise $117.3 mln in IPO

WASHINGTON, Aug 27 (Reuters) - Power Plug Inc., a company designing and
developing a new system to provide electricity, filed to raise as much as $117.3
million in an initial public offering, a Securities and Exchange Commission
filing said.

The company didn't disclose how many shares it planned to sell or a projected
range per share, information that will likely come in subsequent filings.

Power Plug said it is developing a residential fuel cell system, initially
approximately the size of a refrigerator, that will take in natural gas or propane
and convert it into a hydrogen-rich stream and combine it with oxygen to
generate a chemical reaction that produces electric power.

The company said it has been selected by General Electric Co. (NYSE:GE -
news) to exclusively provide fuel cell systems for residential and commercial
applications under 35 kilowatts.

The Latham, New York-based company, with $14.7 million in net losses during
the first six months of this year, applied to sell its shares on Nasdaq under the
symbol (Nasdaq:PLUG - news).

Power Plug said it plans to use $20 million raised for manufacturing equipment,
facilities and other capital expenditures; and an undetermined amount for
research and product development, market development, potential acquisitions,
and other general corporate purposes.

The $117.3 million figure cited in its IPO filing was used only as a basis to
calculate the SEC registration fee, the filing said.

The IPO underwriters include Goldman, Sachs & Co., Hambrecht & Quist,
Merrill Lynch & Co. and FAC/Equities.
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
776PLUG hit a new 52-week high today and closed up 13.7%: Plug Power chairman buysGlenn Petersen-9/20/2017
775My knees and my heart thank you.Ahda-7/24/2017
774I could not find any new news.Glenn Petersen-7/24/2017
773 Glen hat tip first can't bow knee gives out on occasion. second do you havAhda-7/24/2017
772 Amazon and Wal-Mart as investors and customers. A very good day for PLUG: Wal-Glenn Petersen-7/21/2017
771PLUG is up about 4% this morning, probably because of the Amazon acquisition of Glenn Petersen-6/16/2017
770Analysts Shrug Off Weak Plug Earnings Report, Affirm Ratings and See Amazon DealGlenn Petersen-5/11/2017
769Fuel-Cell Market Update: Plug Power Wins Amazon Deal, Bloom Mystery Persists WeGlenn Petersen-4/17/2017
768PLUG pig is trying $1 today!!Brasco One-1/19/2011
767cant believe this plug pig was trading at $200 a share in 2000 and now the priceBrasco One-11/2/2010
766PLUG back to $145!!! booya!!Brasco One-5/17/2006
765will alternative fuels save the big 3? not this one but it might fuel RUSSIA .Susan Saline-4/17/2006
764Hold. Sell over $10 or $11. Still not a long term hold since there is no clear pOak Tree-4/19/2004
763FPL Helps Unveil Fuel Cell at North Port High School; FPL and Others Study FuelSusan Saline-4/8/2004
762PLUG POWER 52 wk high buy sell or hold?Susan Saline-1/2/2004
761I am hopeful that this is the beginning of a major recovery rally in all FC stocScoobah-4/2/2002
760Looks like PLUG may be moving up due to the Middle East.Rich23241-4/2/2002
759See below for "explanation" of today's fuel cell rally. Message 1BSD-1/8/2002
758OK gang.. I see no obvious PLUG news..yet it is up over 3 dollars a share today.Ron-1/8/2002
7576/25 7:29ET Plug Power (PLUG) 18.73: Receives negative write-up in the Alan AbelJim Oravetz-6/25/2001
756What do you think about today's events? (eom)Darth Trader-4/26/2001
755Solid Oxide Fuel Cell as an APU in Heavy-Duty Vehicle .. Thank you Delphi AutomoCH4-4/19/2001
754H2FC's VISIT TO PLUG POWER H2FC visited Plug Power on February 27th. The viFisherman1-4/15/2001
753GE Power Point Presentation to DOE on Plug Power eren.doe.govFisherman1-2/12/2001
752I have visited the plant and there are more than 15 cells of the smaller second Fisherman1-12/26/2000
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
Copyright © 1995-2018 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.