Plug Power Reveals Establishment Of An Equipment Leasing Platform And Is Targeting Over $150M In The Near To Mid-term
Portfolio Pulse from Benzinga Newsdesk
Plug Power has launched an equipment leasing platform, aiming to raise over $150M in the near to mid-term. The platform will help Plug access capital and provide financing solutions to boost equipment sales. Initial transactions worth $44M have been signed with GTL Leasing.
September 19, 2024 | 11:14 am
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Plug Power has established an equipment leasing platform to raise over $150M, with initial transactions of $44M signed with GTL Leasing. This move aims to strengthen Plug's financial position and support growth.
The establishment of the leasing platform and the initial $44M transactions indicate a strategic move to enhance Plug Power's financial position and support growth. This is likely to positively impact the stock price in the short term as it shows proactive financial management and growth potential.
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