Plug Power Announces 2016 First Quarter Results
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Plug Power's (PLUG) Q1 Results Choppy as PPA Transition Obscures; Roth Affirms at 'Neutral'
May 11, 2016 8:16 AM EDTRoth Capital affirms its Neutral rating and $2 price target on Plug Power (Nasdaq: PLUG) following Q1 results reported on Tuesday.
Analyst Craig Irwin commented, Plug reported choppy 1Q16 results with real fundamental improvement obscured by a transition to PPA project accounting. Adjusting for PPA revenue, gross margins were well ahead of our... More
Plug Power (PLUG) Project Financing Shift Reveals A Beat - FBR
May 11, 2016 7:07 AM EDTFBR analyst, Carter Driscoll, noted that at first glance, Plug Power's (NASDAQ: PLUG) 1Q16 results appear weak with $15.3 million in revenues, break-even gross margin, and EPS of ($0.07). However after the analyst adjusted for more traditional financing methods though, PLUG would have delivered $30.1 million... More
