Plug Power FY 2023 GAAP EPS $(2.30) Misses $(1.61) Estimate, Sales $891.340M Miss $900.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Plug Power reported FY 2023 GAAP EPS of $(2.30), missing the $(1.61) estimate, and sales of $891.34M, below the $900.29M estimate. This represents a significant increase in losses and a 27.07% increase in sales from the previous year.
March 01, 2024 | 9:18 am
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Plug Power's FY 2023 earnings missed estimates with a GAAP EPS of $(2.30) and sales of $891.34M, indicating a significant increase in losses but also a notable increase in sales from the previous year.
The significant miss in both EPS and sales estimates, coupled with the increase in losses from the previous year, is likely to negatively impact investor sentiment in the short term. However, the notable increase in sales year-over-year may provide some offsetting positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100