Plug Power: 3Q Earnings Snapshot
LATHAM, N.Y. (AP) _ Plug Power Inc. (PLUG) on Thursday reported a loss of $15.6 million in its third quarter.
The Latham, New York-based company said it had a loss of 7 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The alternative energy company posted revenue of $55.3 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $48.6 million.
Plug Power expects full-year revenue in the range of $175 million to $190 million.
The company’s shares closed at $1.93. A year ago, they were trading at $3.06.