PLUG Stock Falls as Plug Power Revenue Falls Short
PLUGPlug Power(PLUG) InvestorPlace·2024-05-09 21:31

Shares in hydrogen company Plug Power (NASDAQ:PLUG) stock fell 4.7% overnight after announcing disappointing quarterly results. This followed a 5% fall in trading on May 8. Plug Power opened today at about 2.40pershare,amarketcapitalizationof2.40 per share, a market capitalization of 1.66 billion. Pulling the Plug For the quarter ending in March, Plug Power reported a loss of 296million,46centspershare.Revenuewasjust296 million, 46 cents per share. Revenue was just 120 million. Revenue was down over 43%, and losses were up 43% from a year ago. The company ended the quarter with ...