Attached files

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8-K - PLUG POWER INCplug8k-5.htm
EX-1 - PLUG POWER INCes1-1.htm
EX-99 - PLUG POWER INCes99-2.htm
EX-99 - PLUG POWER INCex99-1.htm

 

 

 

 

Exhibit 5.1

                                                                             

 

March 23, 2012

 

 

 

 

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 March 23, 2012 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 13,000,000 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”) covered by the Registration Statement.  The Shares are being sold to the Underwriter named in, and pursuant to, an Underwriting Agreement between the Company and such Underwriter, dated March 23, 2012 (the “Underwriting Agreement”).  We understand that the Shares 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 on the foregoing, and subject to the additional qualifications set forth below, we are of the opinion that: 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.

 

 

 

 


 


 

 

 

 

 

 

 

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                    

GOODWIN PROCTER  LLP