Shares of Plug Power (PLUG) are sliding on Friday morning after the company announced a $200 million common stock offering. The company claims the offering...
) are sliding on Friday morning after the company announced a $200 million common stock offering. The company claims the offering is for"general corporate purposes."break down the latest development for the hydrogen fuel cell developer and what it could mean for the company moving forward.This is a liquidity play, however.
You're seeing it also be an impact to the shares because typically, when there is an additional offering like this, it is a dilution of, uh or dilutive events to existing shares that are in the market.But there have long been questions around some of the capital position for this company to continue operating.
Piper Sandler, saying that they expect to see questions about the rationale of an offering in lieu of the existing cash burn here that they are saying they also went on to say that it's unclear how much cash plug drew from the existing here between beginning of May and end of June.But like you were saying, Brad, not necessarily a surprise to see the shares are reacting the way they are today.Netflix is canceling its $11.99 monthly basic subscription for streaming without ads.
Here's why Brookfield Infrastructure is one of the best TSX stocks to buy today and hold for decades to come. The post 5.2% Dividend Yield! I’m Buying This TSX Stock and Holding for Decades appeared first on The Motley Fool Canada.Though your pre-retirement income alone isn't enough to determine if you'll retire comfortably, it certainly plays a role. For example, if you're earning a middle-class salary, the amount you allocate...
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