Plug Power (PLUG) Misses Q4 EPS by 2c, Reaffirms Guidance

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Go back to Plug Power (PLUG) Misses Q4 EPS by 2c, Reaffirms Guidance

Plug Power Announces Fourth Quarter and Full Year 2016 Results

March 9, 2017 7:01 AM EST

LATHAM, N.Y., March 09, 2017 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, announced today 2016 financial results and reiterated its full-year 2017 outlook.

Fourth Quarter and Full Year 2016 Highlights:

Fourth quarter GAAP revenue of $32.6 million; full-year GAAP revenue of $85.9 millionFourth quarter GAAP gross margin of $3.0 million; full-year GAAP gross margin of $3.9 millionAchieved a Company record of 1,204 GenDrive units deployed during the fourth quarter; 4,010 deployed for the full year$66.2 million value of power purchase agreement... More