NEW YORK ( TheStreet ) -- Plug Power ( PLUG ) was falling 6.2% to $6.33 Thursday after the company priced a registered offering of 3,902,440 shares of common stock at $5.74 a share. The company expects gross proceeds of about $22.4 million from the public offering. After underwriting discounts and commission and other estimated fees and expenses Plug Power expects net proceeds of about $21.5 million. Plug Power will use the net proceeds from the sale for working capital and other general corporate purchases such as capital expenditures. Must read: Warren Buffett's 10 Favorite Dividend Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates PLUG POWER INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation: "We rate PLUG POWER INC (PLUG) a SELL.