Plug Power (PLUG) Misses Q2 EPS by 1c; Revs Light

Plug Power (NASDAQ: PLUG) reported Q2 EPS of ($0.07), $0.01 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $20.5 million versus the consensus estimate of $25.32 million.

New customers represent more than 60% of bookings in the second quarter, driven by four new GenKey customer wins. These wins continue to build the Company’s strong foundation of major accounts, and include a leading North American retailer with global presence that has multi-site potential over the next 12 to 18 months. In addition, the second quarter bookings include first-time Plug Power fuel cell users that are deploying turnkey hydrogen and fuel cell systems, one with a major food-manufacturer and another with a food distribution business in the United States.

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

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