Plug Power: 3Q Earnings Snapshot

November 8, 2018

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.


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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