Plug Power's 2024 Loss Widens, Revenue Falls; To Cut More Jobs

MT Newswires Live

2025/03/04

Plug Power (PLUG) posted Monday a full-year 2024 diluted loss of $2.68 per share, widening from a loss of $2.30 a year ago.

Revenue for the year ended Dec. 31 was $628.8 million, down from $891.3 million a year earlier.

The firm said it will take additional measures to improve its operations and reduce expenses, including more cuts in workforce over the coming weeks and reductions in discretionary spending.

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