Plug Power Inc (NASDAQ:PLUG) shares are trading higher by 2.42% to $9.33 Monday morning, rebounding following last week’s weakness. The company last week 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.
