Plug Power Beats Revenue Estimates, But JPMorgan Flags Cash Burn, Margin Uncertainty
1. PLUG reported Q2 revenue of $174 million, exceeding estimates. 2. Cash burn reached $230 million, higher than consensus expectations. 3. Full-year revenue guidance narrowed to $700 million, lower than previous estimates. 4. PLUG aims for breakeven gross margins by Q4 but faces margin uncertainty. 5. Stock shows notable weakness, trading down 9.89% following the announcement.