U.S. Markets open in 1 hr 58 mins
  • S&P Futures

    3,422.50
    -29.25 (-0.85%)
     
  • Dow Futures

    27,936.00
    -253.00 (-0.90%)
     
  • Nasdaq Futures

    11,585.75
    -77.75 (-0.67%)
     
  • Russell 2000 Futures

    1,616.60
    -19.00 (-1.16%)
     
  • Crude Oil

    39.03
    -0.82 (-2.06%)
     
  • Gold

    1,905.40
    +0.20 (+0.01%)
     
  • Silver

    24.38
    -0.30 (-1.22%)
     
  • EUR/USD

    1.1829
    -0.0039 (-0.3312%)
     
  • 10-Yr Bond

    0.8410
    0.0000 (0.00%)
     
  • Vix

    29.64
    +1.53 (+5.44%)
     
  • GBP/USD

    1.3053
    +0.0014 (+0.1110%)
     
  • USD/JPY

    104.8780
    +0.1880 (+0.1796%)
     
  • BTC-USD

    13,158.97
    +81.95 (+0.63%)
     
  • CMC Crypto 200

    264.06
    +2.60 (+1.00%)
     
  • FTSE 100

    5,855.83
    -4.45 (-0.08%)
     
  • Nikkei 225

    23,494.34
    -22.25 (-0.09%)
     

Plug Power Soars After Reaffirming Guidance, Earnings Beat

·1 min read

Investing.com -- Plug Power (NASDAQ:PLUG) jumped 20% after earnings beat estimates and the company reaffirmed its outlook.

A loss per share of 3 cents beat the forecast loss of 10 cents on sales of $68 million. Analysts tracked by Investing.com had expected revenue of $57 million.

Full year guidance for 2020 was reaffirmed and third quarter gross billings was forecast at between $110 million and $115 million. The company also said it set 2024 financial targets to achieve $1.2 billion in revenue, up from $1 billion, $200 million in operating income, up from $170 million, and $250 million in adjusted earnings before interest, taxes, depreciation and amortization, up from $200 million.

The manufacturer of hydrogen fuel cell systems reported record deployments in the second quarter.

Shares have almost quadrupled in 2020, and have eight buy ratings, two holds and no sells.

Related Articles

Carvana Jumps as It Struggles to Keep Up With Overwhelming Demand

Barstool Helps Keep Penn National Afloat as Casinos Reopen

Dow Higher as Tech Reigns Supreme, but Slow Stimulus Progress Weighs