Plug Power Shares Slip Below Offering Price

Company beleaguered by law suit and expected losses through 2004.

Published: 22-Nov-2000

NEW YORK, Nov 22 (Reuters) - Fuel cell developer Plug Power Inc.'s stock fell below its Oct. 29, 1999, offering price of $15 on Wednesday, completing the wipeout of a 10-fold gain it made during its first three months of trading.

In afternoon trading, the stock was down $1-5/8 to an all-time low of $14-3/4.

Before the market opened Wednesday, the Latham, N.Y.-based electrotechnology company filed an amended third-quarter 10-Q report with the Securities and Exchange Commission, correcting dates in the original filing, Director of Investor Relations Steve Zenker said.

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