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Plug Power Stock Falls On Q2 Earnings: Revenue Miss, EPS Miss, Soft Guidance, New COO And More
Plug Power Inc (NASDAQ:PLUG) reported second-quarter financial results before the market open on Thursday. Here’s a look at the key metrics from the quarter.
Q2 Earnings: Plug Power reported second-quarter revenue of $143.4 million, missing analyst estimates of $184.939 million. The company reported an adjusted loss of 36 cents per share, missing estimates for a loss of 29 cents per share, according to Benzinga Pro.
Plug Power said it deployed over $70 million of electrolyzer systems in the second quarter. The company noted that because of final commissioning and testing requirements, the ...