World News – US – Polaris CEO Leaves, Stocks Down 8%

Polaris Inc posts.
Personally Identifiable Information,
0. 57%
It fell more than 8% in the extended session on Tuesday after the Off-Road Vehicle and Snowmobile Index said Chairman and CEO Scott Wayne will leave the company to become CEO of CNH Industrial NV.
CNHI,
-0. 76%.
The company said the wine will remain in Polaris until the end of the year as the board is working on a succession plan that will be announced at a later time.. . Wine joined Polaris in 2008 as CEO. In the same statement, Polaris reaffirmed its sales and profit guidance for the full year of 2020. Adjusted net income is expected to be in the $ 7 range. 15 shares and $ 7. 30 shares, up 13% to 16% compared to 2019, with projected sales growth of 2% to 3% compared to revised 2019 sales of $ 6. The company said 783 billion.

Plug Power Inc stocks. Relegated unspecified 10. 8% in pre-market trading on Tuesday, after a hydrogen fuel cell company’s heavy public offering of shares at a reduced price. After the Plug share closed on Monday, up 6. 7% at a 12-year high of $ 25. 00, the company said it launched a $ 750 public offering. Of 0 million of its common stock, which will represent its Monday closing price of about 30 million shares. Later Monday evening, the company announced an offering of 38 million shares at a price of $ 22. 25 shares, or 11% less than its Monday closing price, as the company raised $ 845. 5 million. The width is approximately 9. 1% of outstanding shares. Plug said it has also given the bid’s IPO, Morgan Stanley, options to purchase up to an additional 5. 7 million shares at the public offering price. Delivery plans to use supply revenues for working capital and other general corporate purposes. The stock more than doubled (104. 9%) over the past 3 months through Monday, while S&P gained 500 undefined 7. 2%.

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Polaris Inc. Scott W.. Wine, CEO, NYSE: CNHI, CNH Industrial, NYSE: PII