Plug Power Q3 EPS loss $0.25, revenue $173.7M; margins improve, electrolyzer sales up 285% QoQ

PLUG POWER INC

2024-Q3 EPS reported -$1.03 revenue$437,344,000

Q3 revenue $173.7M; net loss $211.2M ($0.25 EPS) vs Q2 net loss $262.3M ($0.36 EPS).
Gross margin loss down 37% QoQ; operating cash flows improved 31% QoQ.
Electrolyzer sales up 285% QoQ; FY 2024 revenue guidance reaffirmed at $700-800M.
Over 8 GW of BEDP contracts; binding framework with Allied Green Ammonia for 3 GW in Australia.
DOE loan progressing; awarded $10M grant for hydrogen refueling stations in Washington.

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