Why Plug Power Stock Rose Today
Hydrogen fuel cell company Plug Power (NASDAQ: PLUG) reported first-quarter 2021 earnings today, and it was a mixed bag. Some good news from the company seems to have enticed buyers today, however, and Plug Power shares have responded by jumping more than 12% as of noon EDT.
Plug Power said revenue increased 76% compared to the year-ago quarter. The company also reiterated previous guidance it had given regarding gross billing targets for this year and 2024. Gross billings include equipment along with services such as warranty contracts serviced and fuel provided, but do not include incentives given to customers in the form of warrants.
Image source: Plug Power.
Source Fool.com
