Back in January, Plug Power (NASDAQ:PLUG) announced that it was in the process of closing on a $1.6 billion loan from the U.S. Department of Energy (DOE) with a rate no higher than 6.5%. At the time, Chief Financial Officer Paul Middleton noted that Plug expected to finalize the loan by the third quarter.This morning, Plug announced that the DOE’s Loan Programs Office (LPO) had agreed to provide it with an up to $1.66 billion conditional commitment loan guarantee. The proceeds of the loan will go toward dev ...

A new loan has investors gassing up their portfolios with this hydrogen stock.After plunging 7% last week, Plug Power (PLUG 29.07%) stock has been soaring to start this week. The hydrogen and fuel cell stock climbed 13% yesterday, and it's poised to lock in an even greater gain today thanks to the company's announcement that it has received a government loan guarantee.As of 10:34 a.m. ET, shares of Plug Power have ripped 34.8% higher.Looking into the government loanPlug Power announced today that it has rec ...

Plug Power Inc (NASDAQ: PLUG) is up more than 50% at writing after announcing a “conditional commitment” for a $1.66 billion loan guarantee from the DOE (Department of Energy). Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.What will $PLUG do with the new funds?Copy link to sectionThe $2.5 billion company based out of Latham, New York plans on using the funds to expand its network of hydrogen plants across the United States.  $PLUG is convinced the f ...

Key PointsPlug Power's Q1 2024 financial results fell short of expectations, but the company made significant progress in expanding its hydrogen infrastructure.The green hydrogen market presents significant opportunities and challenges for Plug Power as it seeks to establish itself as a leader in this rapidly changing industry.Plug Power's long-term success hinges on its ability to navigate market volatility, achieve profitability, and execute its strategic vision for building a comprehensive green hydrogen ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 1-34392 PLUG POWER INC. (Exact name of registrant as specified in its charter) Delaware 22-3672377 (State or Othe ...

Plug Power Inc. (NASDAQ:PLUG) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Meryl Fritz - Manager, Marketing and Communications Andy Marsh - President and Chief Executive Officer Paul Middleton - Chief Financial Officer Sanjay Shrestha - General Manager, Energy Solutions and Chief Strategy Officer Conference Call Participants James West - Evercore ISI Eric Stine - Craig-Hallum Manav Gupta - UBS Bill Peterson - JPMorgan Colin Rusch - Oppenheimer Chris Dendrinos - RBC Capital Ma ...

Plug Power (PLUG) reported $120.26 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 42.8%. EPS of -$0.43 for the same period compares to -$0.35 a year ago.The reported revenue represents a surprise of -26.18% over the Zacks Consensus Estimate of $162.92 million. With the consensus EPS estimate being -$0.32, the EPS surprise was -34.38%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Shares in hydrogen company Plug Power (NASDAQ:PLUG) stock fell 4.7% overnight after announcing disappointing quarterly results.This followed a 5% fall in trading on May 8. Plug Power opened today at about $2.40 per share, a market capitalization of $1.66 billion.Pulling the PlugFor the quarter ending in March, Plug Power reported a loss of $296 million, 46 cents per share. Revenue was just $120 million. Revenue was down over 43%, and losses were up 43% from a year ago. The company ended the quarter with jus ...

Plug Power (PLUG) came out with a quarterly loss of $0.43 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to loss of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -34.38%. A quarter ago, it was expected that this alternative energy company would post a loss of $0.56 per share when it actually produced a loss of $1.07, delivering a surprise of -91.07%.Over the last four quarters, the comp ...

Exhibit 99.1 Plug Announces First Quarter 2024 Financial Results LATHAM, N.Y., May 9, 2024 — Plug Power Inc. (NASDAQ: PLUG) (the "Company"), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced its financial results and operational milestones for the first quarter of 2024. First-Quarter Results ● Earnings-Per-Share (EPS) and Revenue: The Company reported revenue of $120.3 million and EPS loss of $0.46 for the quarter ended March 31, 2024. ● Enhanced Focus on Cash Man ...