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Plug Power’s UK Hydrogen Move May Shake up PLUG Shares but Cash Remains a Risk
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Plug Power’s UK hydrogen move may shake up PLUG shares but cash remains a risk
Plug Power shares traded at $3.31, down 0.3% premarket Thursday, after announcing its UK Barrow Green Hydrogen project had reached final investment decision. The company will supply six 5 MW electrolyzers to the project, which aims to cut Kimberly-Clark’s Barrow plant gas use by up to 50%. Plug reported Q1 revenue up 22% to $163.5 million but posted a GAAP loss of 18 cents per share. The post Plug Power’s UK hydrogen move may shake up PLUG share…
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