Plug Power: Fourth Quarter Earnings Overview

Plug Power Reports Fourth Quarter Financial Results

Plug Power Inc., headquartered in Slingerlands, New York, announced on Monday that it recorded a net loss of $846 million for the fourth quarter.

The company’s loss translated to 63 cents per share. When excluding one-time expenses, the adjusted loss was 6 cents per share.

These figures were better than analysts had anticipated. According to Zacks Investment Research, six analysts had predicted a loss of 10 cents per share on average.

Plug Power, which operates in the alternative energy sector, generated $225.2 million in revenue during the quarter, surpassing the consensus estimate of $220.7 million from the same group of analysts.

For the full year, Plug Power reported a total loss of $1.63 billion, or $1.42 per share, with annual revenue reaching $709.9 million.