HomeMost PopularPlug Power: The Sinking Ship You Should Abandon

Plug Power: The Sinking Ship You Should Abandon

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Euro bills tied in knots in power electrical power cable on blue background

Plug Power’s (NASDAQ:PLUG) Q3 financial report was a disaster. The company mentioned ‘unprecedented supply challenges’ and even needed to include substantial doubt about the company’s ability to continue as a going concern. This

Quarter Revenue Cost of revenue Gross margin
Q4/2022 $221M $301M -36%


$210M $280M -33%
Q2/2023 $260M $338M -30%
Q3/2023 $199M $337M -69%

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