Plug Power Reports $178 Million in Revenue and Raises Its 2026 Guidance. Here's What PLUG Investors Need to Know.
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Plug Power announced second-quarter earnings on Aug. 10. Revenue gains and cost cuts are pushing the company towards profitability. 10 stocks we like better than Plug Power › && Plug Power (NASDAQ:PLUG) - a popular hydrogen fuel stock - popped after announcing second-quarter earnings on Aug. 10. Investors and analysts alike were impressed by the company's progress towards profitability. Revenue gains and cost efficiencies helped the company beat estimates for both sales and profits. Plug Power posted an adjusted second-quarter loss of $0.07 per share. That beat Wall Street's prediction of an $0.08 per share loss, while also handily outpacing last year's result of an $0.18 per share loss. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » && Narrowed losses were helped by a 15% spike in hydrogen fuel sales, which, in turn, was driven by rising demand among the company's growing installed customer base. Sales overall ticked higher by 2.5% year-over-year to $178.3 million, beating consensus estimates by nearly $10 million. Analysts were particularly excited by the company's progress towards profitability, as well as boosted sales growth guidance. "Plug Power …...
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