Shares of hydrogen fuel cells manufacturer Plug Power Inc. (PLUG) are climbing 9 percent on Tuesday's trade after the company announced results for the first quarter. While the company's net loss widened, its revenues were higher, but came in below the Street expectations. During the three-month period, the company posted net loss of $60.75 million or $0.12 per share, wider than net loss of $37.45 million or $0.12 per share in the year-ago period. On average, 16 analysts polled by Thomson Reuters expected the company to report net loss of $0.08 per share in the quarter. Analysts' estimates usually exclude one-time items. Quarterly revenues soared 76 percent to $71.96 million, but fell short of analysts estimates of $76.9 million. The stock is currently trading at $32.77, up $2.92 or 12% on the NASDAQ. PLUG has traded between $5.97 and $75.49 during the past 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.