Why Plug Power Inc.'s Shares Plunged 14% Today
Shares of Plug Power Inc. (NASDAQ: PLUG) fell as much as 14.4% in trading Wednesday after the hydrogen fuel cell company released a third-quarter report that showed strong growth, but a massive net loss. At 12:32 p.m. EDT shares were still down 9.6% on the day, and a recovery doesn't seem to be imminent.
Gross revenue more than tripled to $61.4 million, but net revenue only doubled to $35.4 million after accounting for stock warrant provisions. However, Plug Power's net loss more than tripled to $41.0 million, or $0.18 per share.
Image source: Getty Images.
Source: Fool.com
Plug Power Inc. Aktie
3,05 €
-0,51 %
Leichte Kaufneigung bei Plug Power Inc., mit mehr Buy- als Sell-Einschätzungen.
Das von der Community festgelegte Kursziel für Plug Power Inc. von 5 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 3.05 €.
