Plug Power Nears Gross Margin Breakeven; Material Handling 'Continues to Be a Bright Spot'
PLUG stock rose in early trading after reporting Q2 results, with strong fuel cell demand and cost reduction leading to breakeven GM.
Plug Power is getting closer to making money on each product it sells—that's called gross margin breakeven. Their material handling business (like forklifts) is doing really well, which shows demand is strong and their cost-cutting is working.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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