Robust Margins Propel Plug Power (PLUG) to Mixed Q2 Results; Roth Affirms at 'Neutral'
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August 6, 2015 7:00 AM EDT
LATHAM, N.Y., Aug. 6, 2015 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, today reports its 2015 second quarter results. The quarterly results are the Company's best in its 19-year history, and include:
Record revenues of $24M
Bookings in excess of $59M
Positive gross margin at 7 percent
Most notably, Plug Power realized 26 percent gross margins from its longest-running product line, GenDrive, up from 17 percent in the same quarter of 2014. Plug Power has been selling GenDrive to material handling customers commercially since 2010.... More
August 6, 2015 7:00 AM EDT
LATHAM, N.Y., Aug. 6, 2015 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, today reports its 2015 second quarter results. The quarterly results are the Company's best in its 19-year history, and include:
Record revenues of $24M
Bookings in excess of $59M
Positive gross margin at 7 percent
Most notably, Plug Power realized 26 percent gross margins from its longest-running product line, GenDrive, up from 17 percent in the same quarter of 2014. Plug Power has been selling GenDrive to material handling customers commercially since 2010.... More
