Plug Power stock sinks after revenue warning, as supply chain issues offset 'robust' demand

Shares of Plug Power Inc. sank 7.0% in premarket trading Friday, after the hydrogen and fuel cell systems company said 2022 revenue could be 5% to 10% below previous guidance, as some larger projects could potentially be completed in 2023 rather than 2022. From the midpoint of the previous 2022 revenue guidance of $900 million to $925 million, a 5%-to-10% decline would be about $821.25 million to $866.88 million, while the current FactSet revenue consensus is $919.1 million. The company said tha
Click Here To Get Funded!