Reported 2 months ago
Plug Power faces ongoing difficulties as it recorded significant losses in the second quarter, including a net loss of $262.3 million, marking an 80% drop in stock value over the past year. The company struggles with negative gross margins in both hydrogen fuel and equipment sales, relying heavily on cash raised through equity sales to finance operations and plant expansions. Despite some improvements in hydrogen fuel margins, Plug Power's path to profitability remains uncertain, prompting caution for potential investors.
Source: YAHOO