Plug Power (PLUG) Tops Q2 EPS by 1c

Plug Power (NASDAQ: PLUG) reported Q2 EPS of ($0.05), $0.01 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $24 million versus the consensus estimate of $25.9 million.

Net cash used in operating activities for the second quarter 2015 was $10.6 million which stems from the ongoing investment in our increased commercial activity, as well as incremental investment in working capital given the inventory build activity for third quarter programs. Plug Power had cash and cash equivalents of $109.1 million and net working capital of $135.8 million at June 30, 2015.

The Company maintains its 2015 forecast of total sales in excess of $100 million, including sales of more than 3,300 GenDrive units and construction of more than 15 GenFuel hydrogen infrastructures. The company projects bookings of more than $200 million in 2015.

For earnings history and earnings-related data on Plug Power (PLUG) click here.

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