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Plug Power Q1 Revenue Below Expectations; Keeps FY Targets Unchanged

(PLX AI) – Plug Power Q1 revenue USD 140.8 million vs. estimate USD 145 million.Reaffirms FY targetsPlug Power expects normal 30/70 seasonality on revenue to continue in 2022Plug Power says service margins are tracking in the right direction with …

  • (PLX AI) – Plug Power Q1 revenue USD 140.8 million vs. estimate USD 145 million.
  • Reaffirms FY targets
  • Plug Power expects normal 30/70 seasonality on revenue to continue in 2022
  • Plug Power says service margins are tracking in the right direction with potential to break even by year end
  • Plug says remains focused on delivering on our previously announced target to reduce services costs on a per unit basis by 30% in the next 12 months, and 45% by the end of 2023
  • Says have begun to see meaningful improvement in service margins on fuel cell systems and related infrastructure with a positive 30% increase in first quarter of 2022 versus the fourth quarter of 2021


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Plug Power Q1 Revenue Below Expectations; Keeps FY Targets Unchanged (PLX AI) – Plug Power Q1 revenue USD 140.8 million vs. estimate USD 145 million.Reaffirms FY targetsPlug Power expects normal 30/70 seasonality on revenue to continue in 2022Plug Power says service margins are tracking in the right direction with …

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