Hydrogen fuel-cell company Plug Power has stated the company’s goal is “not just to be a successful company but to be a top 10 fuel-cell company in the world”.
Speaking to investors and interested parties on a conference call, Plug Power CEO Andy Marsh highlighted more major achievements that the business has already made in Q1 – making the prospect of a very profitable fiscal 2014 more than likely.
“I’ve been here five-years and it’s never been this good. For the first time we have $46m in the bank,” he proclaimed.
It was announced yesterday (Wednesday January 15) Plug Power had completed the sale of 10,000,000 (ten million) shares of its common stock and warrants for 4,000,000 shares to be purchased – at a combined total of $30m.
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