Plug Receives Delisting Warning From Nasdaq for Sub-$1 Shares

Plug Power Inc. (PLUG), the fuel-cell maker that’s reported net losses each quarter since its shares began trading, received a warning that it may be delisted from the Nasdaq Stock Market.

Plug received a notice of noncompliance today after its shares closed below the minimum $1 for 30 consecutive trading days, the Latham, New York-based company said in a statement. It has until April 10 to regain compliance by posting a closing price of at least $1 for 10 straight business days.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.