Plug Power Stock Sinks After Q2 Mixed Results: Details
1. PLUG reported a loss of 20 cents per share, missing estimates. 2. Revenue reached $173.97 million, exceeding expectations of $157.1 million. 3. Electrolyzer revenue tripled year-over-year, totaling $45 million. 4. Gross margin improved significantly to -31% from -92% year-over-year. 5. PLUG anticipates breakeven gross margins by Q4 2025.