Plug Power’s Outlook Remains Strong, Boosting the Stock Despite Mixed Earnings
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Shares of Plug Power were increasing early Wednesday as financiers revealed mindful optimism over the hydrogen fuel-cell business’s monetary projections for 2022, even as fourth-quarter losses were broader than anticipated.
Plug (ticker: PLUG) declared its 2022 objective of raking in inbetween $900 million and $925 million in profits, suggesting 90% earnings development year over year. The anticipated shown that the figure is mostlikely to be above experts’ agreement projection for $905.8 million.