Plug Power shares are trading lower after the company announced the commencement of a $200 million public offering of its common stock.
Portfolio Pulse from Benzinga Newsdesk
Plug Power shares are trading lower following the announcement of a $200 million public offering of its common stock.
July 18, 2024 | 8:02 pm
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Plug Power shares are trading lower after the company announced a $200 million public offering of its common stock.
The announcement of a public offering typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. Investors may react to the increased supply of shares and potential dilution of their holdings.
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