Plug Power misses Q3 estimates
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Contributor since / Followers
Contributor since / Followers
3 days ago
- Plug Power press release (NASDAQ:PLUG): Q3 GAAP EPS of -$0.25 misses by $0.01.
- Revenue of $173.7M (-12.6% Y/Y) misses by $36.31M.
- Revenue Outlook: Plug anticipates its 2024 revenue to range between $700 million and $800 million, driven by a pipeline of orders in the electrolyzer, cryogenic, and material handling businesses in the second half of 2024. Despite the speed and development of the hydrogen economy continuing to impact hydrogen equipment deployments, the mid-term and long-term outlook remains positive.