BUZZ-Plug Power hits multi-month month high on smaller-than-expected loss

Plug Power Inc.

PLUG

0.00

Updates

** Shares of fuel cell maker Plug Power PLUG.O rise as much as 7.4% to $3.78, their highest level since October 16 last year

** Firm posts smaller-than-expected first-quarter loss as it benefited from its integrated hydrogen platform and steady demand across core markets

** Reports first-quarter adjusted loss of 8 cents/share; analysts on an average expected 9 cents/share loss, according to LSEG-compiled data

** PLUG anticipates ~$275 mln proceeds from hydrogen project asset monetization initiatives, including a previously announced agreement with Stream Data Centers

** Net revenue of $163.5 mln beat est. $141.1 mln

** Including session's move, PLUG up 85.26% YTD

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.