Why Plug Power Stock Is Falling
Portfolio Pulse from Henry Khederian
Plug Power Inc (NASDAQ:PLUG) reported mixed Q2 financial results, with a larger than expected loss of 40 cents per share but sales surpassing estimates at $260.18 million, a 72% increase YoY. The company's shares fell by 2.1% following the announcement.
August 11, 2023 | 2:04 pm
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Plug Power's shares fell following mixed Q2 results. The company reported a larger than expected loss but higher sales.
The company's larger than expected loss likely contributed to the fall in share price. However, the higher sales indicate potential for future growth, which may mitigate the negative impact in the long term.
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