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Plug Power Shares Gain, Cash Still an Issue
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Plug Power Shares Gain, Cash Still an Issue
Plug Power shares rose 1.5% to $3.84 Tuesday on heavy volume, as traders watched for margin gains to support the stock’s rally. The company reported Q1 revenue up 22% to $163.5 million and a negative 13% gross margin. Plug ended the quarter with $223 million in unrestricted cash. It approved a 30-megawatt green hydrogen project in Barrow-in-Furness, England. The post Plug Power Shares Gain, Cash Still an Issue appeared first on TechStock².
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