Plug Power Announces Key Strategic Milestones and Continued Margin Improvement in Third Quarter 2024
Plug Power, Inc. (PLUG)
Last plug power, inc. earnings: 3/5 07:00 am
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US:NASDAQ Investor Relations:
ir.plugpower.com/home/default.aspx
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Source: GlobeNewswire
SLINGERLANDS, N.Y., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced further progress on its strategic and operational initiatives and path to profitability in the third quarter of 2024. These developments underscore the Company's commitment to advancing the hydrogen economy and solidifying its market and financial position in the industry. Financial Highlights Q3 Financial Performance: Plug reported revenue of $173.7 million in Q3 2024, representing an inflection in electrolyzer deployments, continued expansion of its internally produced hydrogen network, and increased leverage on its manufacturing footprint. Operating Cash Flows: Improved 31% Quarter-Over-Quarter (QoQ) reflecting improvement in margins, working capital efficiency, and leverage of existing inventory. Plug expects to continue to see improvements as revenues increase in the fourth quarter, allo
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PLUG
News
- Plug Power Inc. (NASDAQ: PLUG) had its price target lowered by analysts at Evercore ISI from $5.00 to $4.00. They now have an "outperform" rating on the stock.MarketBeat
- Plug Power Q3 Loss Wider Than Expected, Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Plug Power Inc. (NASDAQ: PLUG) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $2.50 to $2.25. They now have a "hold" rating on the stock.MarketBeat
- Plug Power offers softer-than-expected 2025 sales guidance, appoints new president [Yahoo! Finance]Yahoo! Finance
- Plug Power Inc. (NASDAQ: PLUG) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $18.00 price target on the stock.MarketBeat
PLUG
Earnings
- 11/12/24 - Miss
PLUG
Sec Filings
- 11/13/24 - Form 8-K
- 11/12/24 - Form 8-K
- 11/12/24 - Form 424B7
- PLUG's page on the SEC website