Plug Power reports FY23 EPS ($2.30), consensus ($1.62)

Reports FY23 revenue $891M, consensus $900.29M. Andy Marsh, CEO of Plug, shared: “This fiscal year has marked a pivotal period in our journey towards growth and sustainability within the hydrogen economy. Recognizing the past challenges with cash management, we are dedicated in 2024 to bolstering our financial profile. Our commitment to driving forward the hydrogen economy remains unwavering. With leveraging existing investments and a prudent approach to cash management, we are well-positioned for sustainable growth and continued innovation in renewable energy.”