Plug Power Q3 Earnings Highlights: Revenue Miss, EPS Miss, 'Unprecedented Supply Challenges'
Portfolio Pulse from Chris Katje
Plug Power Inc reported Q3 revenue of $198.71 million, up 5.3% YoY but missing the Street consensus estimate of $237.92 million. The company also reported a loss of 47 cents per share, missing the Street consensus estimate of a loss of 30 cents per share. The company's financial performance was negatively impacted by supply challenges in the hydrogen network. However, the company expects its Georgia and Tennessee facilities to produce at full capacity by year-end. The company also shared updates on its Georgia green hydrogen plant and its sales pipeline for its cryogenics and liquefier business that totals over $1.1 billion.

November 09, 2023 | 9:25 pm
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Plug Power's Q3 earnings missed estimates due to supply challenges. However, the company expects its facilities to produce at full capacity by year-end, which could potentially improve its financial performance.
Plug Power's Q3 earnings missed estimates due to supply challenges, which has led to a decrease in its stock price. However, the company expects its facilities to produce at full capacity by year-end, which could potentially improve its financial performance and positively impact its stock price.
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