Plug Power Q3 Loss Widens
(RTTNews) - Plug Power Inc. (PLUG) Monday reported third-quarter net loss of $361.9 million or $0.31 per share, compared to $211.2 million or $0.25 per share last year.
Adjusted loss per share for the quarter was $0.12 compared to $0.23 last year.
Revenues for the quarter were $177.1 million, compared to $173.7 million last year.
Revenue growth was driven by continued strength in Plug's electrolyzer business, volume growth in hydrogen fuel sales and other businesses, and continued pricing enhancements.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.