Plug Power Stock Is Running Hot After a Revenue Beat. The Hard Part Starts Now
Plug Power reported a first-quarter loss of $245.3 million despite revenue rising 22% to $163.5 million. Shares fell to $3.86 Thursday after jumping 11.2% Wednesday. Gross margin improved to negative 13% from negative 55% a year earlier. The company continues to cut costs and aims for positive EBITDAS by year-end.