Plug Power Q2 2017 Earnings Send Shares Falling
Plug Power also reconfirmed its full-year outlook for GAAP gross revenue of about $130 million and adjusted gross margins of 8% to 12%, excluding impacts from the non-cash warrant charges for the Amazon and Wal-Mart deals. Plug Power also still expects to use between $25 million and $35 million in free cash flow.
After Plug Power Q2 2017 earnings were released, the company’s stock slumped 5.88%, falling to $2.24 per share in premarket trades.
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