Plug Power Q2 rev $143.4M, net loss $262.3M; FY2024 guidance $825M-$925M

PLUG POWER INC

2024-Q2 EPS reported -$0.81 revenue$263,614,000

Q2 rev $143.4M, net loss $262.3M ($0.36 EPS); ~$86M non-cash charges.
Appointed Dean Fullerton as COO; 14 years at Amazon leading global engineering and hydrogen team.
Deployed over $70M in electrolyzer systems in Q2; revenue recognition expected in H2 2024.
FY2024 revenue guidance $825M-$925M; Georgia plant margins improved; Olin JV commissioning Sept 2024.
Remediated material weaknesses in internal controls; DOE loan progressing for up to six sites.

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