Plug Power ( (PLUG) ) has shared an update.
Plug Power has reported significant progress in its hydrogen solutions, highlighting strategic milestones and financial improvements in Q3 2024. The company achieved revenue growth driven by a 285% increase in electrolyzer sales and improved margins across its hydrogen network. Despite a net loss, Plug Power reduced its loss per share and continued to expand its material handling portfolio and hydrogen production capabilities. With ambitious plans for 2025 and beyond, the company anticipates further growth fueled by strategic partnerships and advancements in technology.
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