Down nearly 10% in premarket trading (Il Sole 24 Ore Radiocor) - New York, 19 Jul - Shares in Plug Power were sharply lower after the US hydrogen solutions company announced a 200 million dollar underwritten public offering.

Plug Power intends to grant the underwriters a 30-day option to purchase up to 30 million dollars of additional shares of common stock. Plug Power intends to use the net proceeds from the offering for general corporate purposes.

Morgan Stanley is acting as the sole book-running manager for the offering.

In premarket trading Plug Power was down 9.93% to 2.63 dollars on the Nasdaq.

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(RADIOCOR) 19-07-24 13:21:48 (0288) 5 NNNN