Plug Power Misses
Plug Power (PLUG) reported a 2nd Quarter June 2018 loss of $0.08 per share on revenue of $39.9 million. The consensus estimate was a loss of $0.06 per share on revenue of $41.6 million. The Earnings Whisper number was for a loss of $0.07 per share. Revenue grew 76.6% on a year-over-year basis.
The company said in its shareholder letter it expects third quarter revenue of $47.0 million to $52.0 million and continues to expect 2018 revenue of $155.0 million to $180.0 million. The current consensus estimate is revenue of $49.0 million for the quarter ending September 30, 2018 and revenue of $169.8 million for the year ending December 31, 2018.
Plug Power Inc provides alternative energy technology. The Company is engaged in the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market.
Plug Power Announces 2018 Second Quarter Results
LATHAM, N.Y., Aug. 09, 2018 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leader in providing energy solutions that change the way the world moves, announced today its 2018 second quarter results. The quarterly shareholder letter has been posted at http://www.ir.plugpower.com/Q218Plug.
Join the call:
Date: Thursday, August 9, 2018
Time: 10:00 am ET
Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1204149&tp_key=0a6757838c
Both the shareholder letter and webcast can be accessed at www.plugpower.com, on the company’s home and investor relations pages. A playback of the call will be available online for a period following the event.
About Plug Power Inc.
The architect of modern hydrogen and fuel cell technology, Plug Power is the innovator that has taken hydrogen and fuel cell technology from concept to commercialization. Plug Power has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable, cost-effective way. The Company’s GenKey solution couples together all the necessary elements to power, fuel and serve a customer. With proven hydrogen and fuel cell products, Plug Power replaces lead acid batteries to power electric industrial vehicles, such as the lift trucks customers use in their distribution centers.
Extending its reach into the on-road electric vehicle market, Plug Power’s ProGen platform of modular fuel cell engines empowers OEMs and system integrators to rapidly adopt hydrogen fuel cell technology. ProGen engines are proven today, with thousands in service, supporting some of the most rugged operations in the world. Plug Power is the partner that customers trust to take their businesses into the future. www.plugpower.com.
Plug Power Contact
Source: PLUG POWER
Source: Plug Power, Inc.