Investing

Plug Power stock tanks nearly 14% as earnings bring liquidity concerns

Shares of Plug Power Inc. were falling nearly 14% in Tuesday trading after the fuel-cell company’s latest earnings report brought a decline in liquidity and disclosures about financing initiatives.

Plug Power PLUG finished the first quarter with about $1.6 billion in unrestricted cash and available securities, down from roughly $2 billion as of the end of the December quarter.

Executives…

Read the full article here

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube

News

Introduction One of the interesting elements of preferred shares in Canada is that some of the issues (and then predominantly preferred equity issued by...

Copyright © 2023 Repay Down. All Rights Reserved.

Exit mobile version