Plug Power (PLUG) Reports In-Line Q1 EPS

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Go back to Plug Power (PLUG) Reports In-Line Q1 EPS

Plug Power Announces 2015 First Quarter Results

May 11, 2015 7:01 AM EDT

LATHAM, N.Y., May 11, 2015 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq: PLUG), a leader in providing clean, reliable energy solutions, today reports its 2015 first quarter financial results.

The Company announced bookings of over $46 million in the first quarter. This was driven by continual success with retailers and manufacturers. The results are in line with projections of more than $200 million in bookings for the full-year 2015.

During the first quarter, the Company recognized $9.4 million in revenue, a 69% increase from the first quarter of 2014. This includes 265 GenDrive units and one hydrogen fueling station. In addition, the... More