Plug Power EPS beats by $0.03, beats on revenue; raises FY20 & updated FY21, FY24 guidance

Nov. 09, 2020 7:10 AM ETPlug Power Inc. (PLUG)PLUGBy: Meghavi Singh, SA News Editor16 Comments

Plug Power (NASDAQ:PLUG): Q3 Non-GAAP EPS of -$0.04 beats by $0.03; GAAP EPS of -$0.11 misses by $0.04.
Revenue of $106.99M (+79.9% Y/Y) beats by $1.23M.
Adj. EBITDA of $24M.
FY20 guidance: Gross billings of $325M-330M from $310M.
FY21 guidance: Gross billing of $450M.
FY24 guidance: Gross billing of $1.2B; operating income of $200M, and over 20% Adjusted EBITDA.
Shares +10.3% PM.
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