NEW YORK (TheStreet) -- Plug Power (PLUG - Get Report) stock is moving lower before market open after reporting first-quarter net losses wider than analysts' expected and as revenue experienced a sharp year-over-year drop.
In premarket trading, shares had tumbled 6.9% to $3.81.
Over the three months to March, the fuel cell company reported net losses of 6 cents a share, a penny wider than analysts surveyed by Thomson Reuters expected. Revenue of $5.6 million slid 13% year over year as Plug shipped 165 units compared to 238 units in the year-ago quarter.
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- You can view the full analysis from the report here: PLUG Ratings Report
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