Plug Power (PLUG) Reports In-Line Q2 Loss of 4c/Share

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Go back to Plug Power (PLUG) Reports In-Line Q2 Loss of 4c/Share

Plug Power Announces 2014 Second Quarter Results; Record Revenues Achieved

August 14, 2014 7:00 AM EDT

LATHAM, N.Y., Aug. 14, 2014 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq: PLUG), a leader in providing clean, reliable energy solutions, today reports its 2014 second quarter results.

Plug Power shipped 687 GenDrive fuel cell units during the second quarter to customers including Walmart, P&G and Central Grocers. The Company also reports a gross margin of 17% on its GenDrive product for the second quarter. Even more notably, Plug Power revenue, at $17.3 million for the second quarter, is three-fold greater than that seen in the first quarter of 2014.

During the second quarter, the Company... More