Plug Power (PLUG) sinks after earnings. Jenny Horne discusses this as PLUG’s earnings brought a decline in liquidity. PLUG’s earnings were released today, May 9th, premarket. Its adjusted earnings came in at -$0.35 versus an estimated -$0.27 and revenue came in at $210.29M versus an estimated $199.73M. PLUG is on track for its lowest close since July 2020. PLUG is “evaluating multiple sources of low-cost and non-dilutive capital.” Tune in to find out more about the stock market today.
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