SLINGERLANDS, N.Y. (AP) — SLINGERLANDS, N.Y. (AP) — Plug Power Inc. (PLUG) on Monday reported a loss of $245.3 million in its first quarter.
The Slingerlands, New York-based company said it had a loss of 18 cents per share. Losses, adjusted for non-recurring costs, came to 8 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The alternative energy company posted revenue of $163.5 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $142.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLUG at https://www.zacks.com/ap/PLUG
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