Plug Power Stock Jumps After Q1 Revenue Beat: Why the Hydrogen Turnaround Still Has a Cash Problem
Plug Power Inc. shares extended a sharp rally before Tuesday’s open after the hydrogen-equipment company posted first-quarter revenue above Wall Street forecasts and narrowed its operating loss. The stock rose 12.8% in regular trading Monday and was up 6.3% in premarket dealings Tuesday, while short interest stood at about 25% of the freely traded stock, Barron’s reported.