LATHAM, N.Y., April 30, 2014 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean, reliable energy solutions, today announced the completion of its previously announced underwritten public offering of 22,600,000 shares of its common stock at $5.50 per share. Morgan Stanley & Co. LLC and Barclays Capital Inc. acted as the book-running managers and Cowen and Company, LLC and FBR Capital Markets & Co. acted as co-managers for the offering. Net proceeds, after underwriting discounts and commissions and other estimated fees and expenses payable by Plug Power, were approximately $116,300,000. Plug Power intends to use the net proceeds of the offering for working capital and other general corporate purposes, which may include capital expenditures and potential acquisitions. The securities described above were offered by Plug Power pursuant to a shelf registration statement on Form S-3 (No. 333-195431) including a base prospectus, previously filed and declared effective by the Securities and Exchange Commission (SEC). A final prospectus supplement related to the offering was filed with the SEC on April 25, 2014 and is available on the SEC's website located at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to the offered securities may also be obtained by contacting Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2 nd Floor, New York, New York, 10014, or by contacting Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717, by calling (888) 603-5847 or by emailing email@example.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.