Plug Power’s FY23 Falls Short Of Expectations, Aims Financial Strengthening In 2024

by

in

Plug Power Inc (NASDAQ:PLUG) reported fiscal 2023 net revenue growth of 27.1% year-over-year to $891.234 million, missing the consensus of $900.29 million. Net loss per share was $(2.30), below the consensus of $(1.61).

PLUG stated that the incremental loss was primarily driven by increased investments in growth and expansion and the varied non-cash charges recorded in the quarter.

Operating loss for the fiscal expanded to $(1.343) billion …

Full story available on Benzinga.com