Plug Power Inc (NASDAQ:PLUG) reported second-quarter financial results before the market open on Thursday. Here's a look at the key metrics from the quarter.
Q2 Earnings: Plug Power reported second-quarter revenue of $143.4 million, missing analyst estimates of $184.939 million. The company reported an adjusted loss of 36 cents per share, missing estimates for a loss of 29 cents per share, according to Benzinga Pro.
Plug Power said it deployed over $70 million of electrolyzer systems in the second quarter. The company noted that because of final commissioning and testing requirements, the majority of the deployments were not recognized as revenue in the quarter. Plug expects to recognize that revenue in the second half of 2024.
"The second quarter of 2024 has been pivotal for Plug Power as we continue to make strides in our strategic initiatives and operational capabilities," said Andy Marsh, CEO of Plug Power.
"We are excited about the opportunities ahead and remain focused on delivering sustainable energy solutions that drive value for our customers and stakeholders."
马上到了三伏天，在三伏天里遇到这个菜一定别错过，一次买上30斤晒干了囤起来，从夏天吃到冬天，炖肉吃太香了！这个菜就是我们常吃的豆角，也就是我们山东人夏季最愁吃的“豆橛子”，豆角是夏季最多的蔬菜之一，他的生长速度非常快，结的果实也最多，街上卖的豆角不贵，一次多买一些晒干囤起来，冬天炖肉吃太香了。你家豆角吃得完吗？吃不完用这个方法太棒了！
Outlook: Plug Power expects full-year 2024 revenue to be in the range of $825 million to $925 million versus estimates of $917 million.
Plug noted that strong progress is being made on its new hydrogen plant developed through a joint venture with Olin Corporation in Louisiana. The plant is expected to commence commissioning in September and generate liquid hydrogen in the fourth quarter.
The company also announced the appointment of Dean Fullerton as COO. Fullerton comes from Amazon.com Inc (NASDAQ:AMZN), where he was responsible for global engineering services and oversaw operations engineering for 14 years.
PLUG Price Action: Plug Power shares were down 5.29% at $1.96 at the time of publication, according to Benzinga Pro.
Photo: Shutterstock.降杠杆是什么意思
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