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Plug Power Beats Revenue Estimates, But JPMorgan Flags Cash Burn, Margin Uncertainty

JPMorgan analyst Bill Peterson maintained a Neutral rating on Plug Power PLUG on Monday. The stock has continued to trade lower since Monday. PLUG stock is showing notable weakness. Check out the latest moves here. Peterson said Plug Power delivered second-quarter revenue of 174million,beatinghis174 million, beating his 150 million estimate and the 159millionconsensus,thoughcashburnexceededexpectationsat159 million consensus, though cash burn exceeded expectations at 230 million versus the $161 million consensus. Also Read: Plug Power Extends Key Hydrogen Partnership, Powering F ...