Plug Power (PLUG) might have missed the top-and bottom-line estimates in its latest quarterly report but following the Q3’s print, Evercore analyst James West is even more upbeat than before. “With +$3 billion of net cash on hand, a vertically-integrated product suite, and a quickly growing revenue base, we find few other equities offering similar leverage to the green H2 thematic,” the analyst opined. Q3’s revenue came in at $143.9 million, a 34% increase on the same period a year ago, although the figure missed the Street’s forecast by $0.92 million. There was also a miss on the bottom-line, as EPS of -$0.19 fell short of expectations by $0.10.
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Plug Power (NASDAQ:PLUG)
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