Plug Power Inc PLUG shares are trading lower by 2.1% to $8.86 Friday morning after the company reported mixed second-quarter financial results.
What Happened?
Plug Power this week reported quarterly losses of 40 cents per share, missing the analyst consensus estimate of a loss of 26 cents.
The company reported quarterly sales of $260.18 million, surpassing the analyst consensus estimate of $242.24 million by 7%. This reflects a 72% increase from sales of $151.27 million in the same period last year.
The green hydrogen company said its second-quarter results demonstrate the strength of the company's vertical integration strategy and that margins are poised for a "substantial ramp" as the company continues to scale its multiple offerings...Read More
According to data from Benzinga Pro, Plug Power has a 52-week high of $31.56 and a 52-week low of $7.39.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
