"Plug Power Overcomes 'Going Concern' Issues, Sets Expectations for Q4 Earnings"
TL;DR Summary
Plug Power's stock initially fell 7.9% in premarket trading after the company's 2023 results missed expectations, with net losses widening to $1.37 billion and revenue dropping 27%. However, the stock pared losses after the company disclosed that it had resolved its "going concern" issues, as stated in its 10-K annual report filed with the SEC. The company had previously warned about doubts regarding its ability to continue as a going concern, but now believes that warning "no longer exists."
- Plug Power’s stock pares losses after 2023 results missed expectations but ‘going concern’ issues resolved MarketWatch
- What to Note Ahead of Plug Power's (PLUG) Q4 Earnings Release? Yahoo Finance
- Truist Sets Expectations for Plug Power Stock Ahead of Earnings - TipRanks.com TipRanks
- Plug Power Q4 earnings on deck: what to expect (NASDAQ:PLUG) Seeking Alpha
- PLUG Stock: 3 Things to Watch When Plug Power Reports Earnings Tomorrow InvestorPlace
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
0 min
vs 1 min read
Condensed
55%
176 → 79 words
Want the full story? Read the original article
Read on MarketWatch