Movement Alert｜Plug Power Rises 17.54% in Regular Trading, Q2 Earnings Beat on Both Top and Bottom Lines with Loss Narrowing 61%

Market Focus

Aug 11

On August 11, Plug Power rose 17.54% in regular trading, trading at $2.455/share, with turnover of $56.08 million.

On the news front, the company reported Q2 adjusted loss per share of $0.07, better than the consensus estimate of $0.08; revenue came in at $178.3 million, exceeding the expected $169.1 million. Compared to a loss of $0.18 per share in the year-ago period, the loss narrowed approximately 61%, extending the improvement trend for a third consecutive quarter.

In Q1, the company had already delivered revenue growth of 22% year-over-year with electrolyzer revenue surging 343%. The continued beat this quarter has further bolstered market confidence in management's target of achieving positive EBITDA by year-end. Multiple analysts had previously raised price targets following Q1 results, with B. Riley maintaining a Buy rating and UBS adjusting its target to $4.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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