PLUG Stock: Plug Power No Longer Has a Going Concern Threat
PLUGPlug Power(PLUG) InvestorPlace·2024-03-01 22:19

Hydrogen supplier Plug Power (NASDAQ:PLUG) stock fell over 9% overnight despite saying it no longer has a “going concern” problem. The company said it has “sufficient cash on hand coupled with available liquidity” to fund its operations for the foreseeable future. However, it still posted a large loss of 1.37billion,1.37 billion, 2.30 per share, on revenue of 891millionfortheyear.PLUGstockisexpectedtoopenthismorningat891 million for the year. PLUG stock is expected to open this morning at 3.21 per share, a market capitalization of under $2.2 billion. Plugging Back In? The ...