The Plug Power Inc (NASDAQ:PLUG) on Mar. 6 announced that it has priced an underwritten registered offering of 3,902,440 shares of its common stock. The shares will be sold at a price to the public of $5.74 per share for gross proceeds of approximately $22.4 million. Net proceeds, after underwriting discounts and commissions and other estimated fees and expenses payable by Plug Power will be approximately $21.5 million. Plug Power Inc (NASDAQ:PLUG) stock opened at $9.23 in last session, and closed at $10.31, while the day range of PLUG stock is $8.57-11.41.The stock showed a positive weekly performance of 77.15%.
FuelCell Energy, Inc. (Nasdaq:FCEL), a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, reported results for its first quarter ended January 31, 2014 along with an update on key business highlights. Energy Inc (NASDAQ:FCEL) stock opened at $3.98, in last session and closed at $3.93, by gained 11.33%. The 52 week range was $0.84-$4.23. Company’s market capitalization is $807.14 million.
The Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) on Mar. 4 announced that 4,935,600 warrants to purchase shares – which were issued as part of two underwritten offerings closed in 2013 – have been exercised, generating proceeds of approximately US $7.6 million. These warrants represent 50% of the total issued under the 2013 offerings. Proceeds from the exercise of these warrants serve to increase the Company’s cash reserves, which were US $30.3 million as of Dec. 31, 2013. Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) stock gained 30.30% and finished the last session at $6.88. The EPS of the stock remained -0.35. Company’s market capitalization is $752.35 million.
This facility chose Capstone Turbine Corporation (NASDAQ:CPST) microturbines because of their low maintenance, their low emissions, as well as their high overall-efficiency. Capstone Turbine Corporation (NASDAQ:CPST)’s microturbines do not need any lubricants or coolants and they have very few maintenance intervals, which provide the hospital with much lower operating costs. This particular customer was able to take advantage of the California’s SGIP (Self-Generation Incentive Program) that provides incentives for support the existing, new, & emerging distributed-energy resources. Kenda Burkhart, VP of Regatta Solutions, said that it is very nice to see a continued adoption of Capstone Turbine Corporation (NASDAQ:CPST) Turbine technology in the health care industry. Capstone Turbine Corporation (NASDAQ:CPST) stock opened the session at $1.94, and closed the session at $1.96.The 52 week range of the CPST stock remained $0.82-2.05 and the day range was $1.87-$2.03.