Plug Power Inc (PLUG) Releases Earnings Results, Beats Expectations By $0.02 EPS

Plug Power Inc (PLUG) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.06. The company posted revenue of $20.45 million in the period, compared to analysts expectations of $24.33 million. The company’s revenue was down -14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

Plug Power Inc closed down -0.04 points or -2.27% at $1.72 with 14,16,060 shares getting traded on Tusday. Post opening the session at $1.76, the shares hit an intraday low of $1.7 and an intraday high of $1.8 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Mar 28, 2016, Maureen O Helmer (director) sold 30,000 shares at $1.96 per share price. According to the SEC, on Mar 23, 2016, Liquide Investissements D’ Air (director) sold 13,015 shares at $1.98 per share price. On Aug 31, 2015, Keith Schmid (COO) purchased 14,000 shares at $1.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Plug Power Inc. is a provider of alternative energy technology focused on the design development commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company’s product line includes GenKey GenDrive GenFuel GenCare and ReliOn. GenKey offers solutions to customers transitioning their material handling vehicles to fuel cell power. GenDrive is a hydrogen fueled PEM fuel cell system. It provides power to material handling vehicles. GenFuel is the hydrogen fueling delivery system. It is designed to allow customers to refuel its GenDrive units for maximum productivity. GenCare is the ongoing maintenance program for both the GenDrive fuel cells and GenFuel products. ReliOn is the stationary fuel cell solution. It provides scalable modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications transportation and utility sectors.

Plug Power Inc

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