Plug Power (NASDAQ:PLUG) shares continued to decline on Thursday after the hydrogen technology company posted 2Q earnings that fell short of Street estimates. The Latham, New York-based company posted
The hydrogen technology company posted a second-quarter loss of 40 cents a share. Wall Street was looking for a 27-cent loss.
Plug Power Inc. (NASDAQ:PLUG ) Q2 2023 Results Conference Call August 9, 2023 5:00 PM ET Company Participants Teal Hoyos - Senior Director of Marketing and Communications Andy Marsh - CEO Paul Middlet
Although the revenue and EPS for Plug Power (PLUG) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Stree
Plug Power (PLUG) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to loss of $0.30 per share a year ago.
Shares of Plug Power Inc. were falling in Wednesday's extended session after the alternative-energy company saw its losses for the second quarter swell more than Wall Street was anticipating.

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Plug received two orders for electrolyzers last month. The company also received positive attention from Wall Street.
While expanding customer base and a rise in the number of sites with fuel contracts are likely to have aided Plug Power's (PLUG) Q2 earnings, high costs and labor shortages might have hurt the same.
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