3D Systems Corp. Surprises with Dilutive Stock Offering; Plug Power Soars after Positive Fuel Cell Energy Comments


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NYSE:DDD / NASDAQ:PLUG
05/29/2014 [ACCESSWIRE]

3D Systems Corp. (NYSE: DDD) shares closed down nearly 11% on Wednesday with about 18 million shares traded after the company announced a dilutive stock offering. The company offered 5.95 million shares of common stock for estimated gross proceeds of $317 million, or an average of $53.28 per share. 3D Systems also granted the underwriter a 30-day option to purchase up to 892,500 additional shares.

3D Systems Corporation, through its subsidiaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the United States, Germany, the Asia-Pacific, and other European countries. Its 3D printers convert data input from computer aided design generated software format or 3D scanning and sculpting devices to printed parts.

Get more information on 3D Systems Corp. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/DDD

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Plug Power Inc. (NASDAQ: PLUG) shares closed up about 9% on Wednesday after an analyst made positive comments about a competitor of the company Fuel Cell Energy. Fuel Cell Energy received some positive comments in an analyst note from Stifel Nicolaus, which helped push fuel cell related companies higher.

Plug Power Inc., an alternative energy technology provider, is engaged in the design, development, manufacture, and commercialization of fuel cell systems for the industrial off-road markets worldwide. It is focused on proton exchange membrane (PEM) fuel cell and fuel processing technologies and fuel cell/battery hybrid technologies.

Get more information on Plug Power Inc. and free access to the in depth equity report at” www.TrendingWallStreet.com/stockquote/PLUG

 

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