Last week, hydrogen fuel cell technology company Plug Power (NASDAQ:PLUG) reported dismal third-quarter results, inviting a slew of price target cuts by Wall Street analysts. That said, over 70% of analysts covering PLUG stock remain bullish as the company reaffirmed its long-term targets, while others see the possibility of the company over-promising and under-delivering. PLUG's Q3 Results Reflect Near-Term Concerns Plug Power’s Q3 revenue increased 31% year-over-year to $188.6 million, but loss per share widened to $0.30 from $0.19 in the prior-year quarter. Analysts were expecting a loss of $0.24 on revenue of $240.6 million. Higher costs and growth investments weighed on the bottom line.
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Plug Power (NASDAQ:PLUG)
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Plug Power (NASDAQ:PLUG)
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