Plug Power (PLUG) Tops Q1 EPS by 3c, Offers Guidance

Plug Power (NASDAQ: PLUG) reported Q1 EPS of ($0.07), $0.03 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $29.1 million versus the consensus estimate of $23.22 million.

GUIDANCE:

Plug Power sees Q2 revenue of $37-41 million, versus the consensus of $34.8 million.

• EBITDAS of ($9M) to ($7M).

Our sales funnel in Q1 continued to expand, and positions the Company to meet guidance of:

• 2018 Revenue Range: $155M to $180M • EBITDAS Positive in the second half of 2018 In Q2, the Company expects to achieve between $37M and $41M in revenue and EBITDAS of ($9M) to ($7M). This represents continued growth year over year and is consistent with the business’ seasonality, experiencing 35 to 40% of our sales in the first half of the fiscal year.

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

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