Plug Power Acquires ReliOn For $4 Million

Discussion in 'Stock Market Forum' started by PaulSchinider, Apr 4, 2014.

  1. PaulSchinider

    PaulSchinider Well-Known Member

    Joined:
    Mar 2014
    Posts:
    170
    Likes Received:
    0
    The share price of Plug Power Inc (PLUG) rose after the bell yesterday as the company announced that it has bought fuel cell-stack maker, ReliOn Inc., for about $4 million in an all-stock deal. Currently, Plug Power stock is up 5.48%, or $0.41, in pre-market trading on the Nasdaq.
     
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

    Joined:
    Feb 2014
    Posts:
    4,950
    Likes Received:
    39
    I put a few hundred into PLUG a few months back, and I've made thousands. It's very volatile though, which is why I took such a small position. I have more $ in BLDP.
     
Tags:

Share This Page