Plug Power pops after Q4 revenues exceed expectations

Plug Power is soaring in postmarket trading after issuing solid fourth-quarter sales that more than outweighed some massive red ink on its bottom line.

The hydrogen fuel cell company reported:

Revenues of $225.22 million (estimate: $217.26 million).
Adjusted earnings per share of -$0.06 (estimate: -$0.10).

$763 million in “various net charges” over the course of the quarter caused many of Plug’s other earnings metrics to look significantly worse.

Management reaffirmed its goal of having positive EBITDAS (the “S” is for stock-based compensation) by 2026, and said the company is “positioned” to do so.

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