Posted 2/29/2024, 5:50:00 PM
Plug Power Q4 Earnings: Revenue Growth Expected Despite Margins Squeeze
- Plug Power's Q4 results expected to benefit from recent acquisitions and strong product portfolio, but high costs may hurt margins
- Revenue growth anticipated across equipment sales, hydrogen infrastructure, and service segments
- Expanding customer base and global partnerships likely supported top-line growth
- Foreign currency fluctuations and geopolitical issues may have negatively impacted earnings
- Model suggests Plug Power will beat EPS estimates due to strong Earnings ESP and Zacks Rank