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
1,88 €
3,81 %
Die Plug Power Inc. Aktie zieht etwas Aufmerksamkeit auf sich: Mehr Buy- als Sell-Einschätzungen.
Ein prognostiziertes Kursziel von 3 € für Plug Power Inc. zeigt ein Potenzial von über 50% im Vergleich zum aktuellen Kurs von 1.88 €.
