Investor News

ValueAct Capital Management Makes Bet on Hydrogen Fuel With Nikola Motor

By | Investor News, News | No Comments April 16, 2019

Bloomberg--ValueAct Capital Management has built a new position in Nikola Motor Co., a closely held hydrogen fuel cell trucking company seeking to raise $1.5 billion to expand in the U.S., starting on the West Coast.

The firm invested $30 million to $40 million in Nikola prior to that fundraising campaign, according to ValueAct Chief Executive Officer Jeff Ubben. The precise stake is uncertain, though well less than 5 percent, he said. San Francisco-based ValueAct purchased shares from Nikola’s chief executive officer along with some early investors.

Plug Power Announces $100 Million Debt Facility from Generate Capital

By | Investor News, News | No Comments April 3, 2019

Debt facility to fund new project deployments and create financial flexibility to pursue growth plans

LATHAM, N.Y.— Plug Power Inc. (NASDAQ:PLUG), a leader providing energy solutions that change the way the world moves, today announced $100 million in debt financing with Generate Capital (“Generate”), an integrated investment and operating platform for innovative resource infrastructure technologies and developers.

Plug Power Reports Breakthrough Fourth Quarter of 2018

By | Investor News, News | No Comments March 7, 2019
  • Fourth quarter gross billings of $62.1 million versus $32.9 million gross billings in fourth quarter 2017. The Company in 2018 had total gross billings of $184.8 million, a 42% increase versus 2017.
  •  Positive adjusted EBITDA for fourth quarter 2018, the first in the Company’s history
  • GAAP loss per share of $0.08; adjusted loss per share of $0.07
  •  Delivered fuel cell systems to power over 1,900 zero emission electric vehicles