Attached files
file | filename |
---|---|
8-K - PLUG POWER INC | esplugpower8k.htm |
EX-1.1 - PLUG POWER INC | es1-1.htm |
EX-4.1 - PLUG POWER INC | es4-1.htm |
EX-99.1 - PLUG POWER INC | es99-1.htm |
EX-99.2 - PLUG POWER INC | es99-2.htm |
Exhibit 5.1
May 25, 2011
Plug Power Inc.
968 Albany Shaker Road
Latham, New York 12110
Re: Securities Registered under Registration Statement on Form S-3
Ladies and Gentlemen:
Reference is made to our opinion letter dated April 1, 2011 and included as Exhibit 5.1 to the Registration Statement on Form S-3 (File No. 333-173268) (the Registration Statement) filed on April 1, 2011 by Plug Power Inc., a Delaware corporation (the Company), with the Securities and Exchange Commission (the Commission) under the Securities Act of 1933, as amended (the Securities Act). The Registration Statement was amended on April 8, 2011 and declared effective by the Commission on April 8, 2011. We are delivering this supplemental opinion letter in connection with the prospectus supplement (the Prospectus Supplement) filed on May 25, 2011 by the Company with the Commission pursuant to Rule 424 under the Securities Act. The Prospectus Supplement relates to the offering by the Company of up to a total of 16,633,313 shares of the Companys common stock, par value $0.01 per share (the Common Stock), which includes 9,504,750 shares of Common Stock (the Shares) and warrants (the Warrants) to purchase up to 7,128,563 shares of Common Stock (the Warrant Shares), covered by the Registration Statement. The Shares and the Warrants are being sold to the Underwriter named in, and pursuant to, an Underwriting Agreement between the Company and such Underwriter, dated May 25, 2011 (the Underwriting Agreement). We understand that the Shares and Warrants are to be offered and sold in the manner described in the Prospectus Supplement.
We have reviewed such documents and made such examination of law as we have deemed appropriate to give the opinions expressed below. We have relied, without independent verification, on certificates of public officials and, as to matters of fact material to the opinions set forth below, on certificates of officers of the Company.
The opinions expressed below are limited to the Delaware General Corporation Law (which includes reported judicial decisions interpreting the Delaware General Corporation Law).
Based upon the foregoing, and subject to the additional qualifications set forth below, we are of the opinion that:
1. The Shares have been duly authorized and, when issued, delivered and paid for in accordance with the terms of the Underwriting Agreement, will be validly issued, fully paid and non-assessable.
2. The Warrants have been duly authorized and, when issued, delivered and paid for in accordance with the terms of the Underwriting Agreement and the Warrants, will be valid and binding. Assuming a sufficient number of authorized but unissued shares of Common Stock are available for issuance when the Warrants are exercised, the Warrant Shares, when and if issued upon exercise of the Warrants in accordance with the Companys Amended and Restated Certificate of Incorporation, as amended, and the Warrants, will be validly issued, fully paid and non-assessable.
We hereby consent to the inclusion of this opinion as Exhibit 5.1 to the Registration Statement and to the references to our firm under the caption Legal Matters in the Registration Statement. In giving our consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations thereunder.
Very truly yours,
/s/ GOODWIN PROCTER LLP
GOODWIN PROCTER LLP