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.
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