Stock Groups

Plug Power Earnings, Revenue Miss in Q3 -Breaking

by Mike Robinson

[ad_1]

© Reuters

Sam Boughedda

Investing.com — Connect Power Inc (NASDAQ) reported a 19-cent loss per share on revenues of $143.9 Million. According to analysts polled Investing.comA loss of 8c per share on revenues of $144.14 millions was anticipated.

Although revenue rose 34% over the year, Plug Power shares fell 4.7% during after-hours trading to $38.75.

Plug Power sold 4,559 GenDrives and generated revenue from 16 hydrogen infrastructure system sales for the third-quarter 2021. This compares to the 3,709 GenDrive units shipped last year and the 13 hydrogen infrastructures in the same period.

Due to commercial traction and acquisitions, the hydrogen fuel cell company has raised its revenue guidance for 2022 to $900 million to $925 million.

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]