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Plug Power.
Nasdaq PLUG 2,55 US$ -43,33%
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Plug Power reports 2Q loss

Publié le 08 août 2017

LATHAM, N.Y. (AP) _ Plug Power Inc. (PLUG) on Tuesday reported a loss of $42.6 million in its second quarter.

The Latham, New York-based company said it had a loss of 19 cents per share. Losses, adjusted for non-recurring costs, came to 10 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The alternative energy company posted revenue of $22.6 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $28.5 million.

The company's shares closed at $2.38. A year ago, they were trading at $1.71.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLUG at https://www.zacks.com/ap/PLUG

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Keywords: Plug Power, Earnings Report

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