Earnings Results: Plug Power posts swelling losses, and its stock is losing juice

Date:

August 9, 2023

Shares of Plug Power Inc. were falling in Wednesday’s extended session after the alternative-energy company saw its losses for the second quarter swell more than Wall Street was anticipating.

The company notched a net loss of $236.4 million, or 40 cents a share, compared with a loss of $173.3 million, or 30 cents a share, in the year-earlier period. Analysts tracked by FactSet were anticipating a 27-cent per-share loss on a GAAP basis.

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Alexandra Williams

Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Earnings Results: Plug Power posts swelling losses, and its stock is losing juice

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