Motley Fool

Why Plug Power Jumped 10% Friday Morning, but Then Retreated

Hydrogen fuel cell company Plug Power (NASDAQ: PLUG) reported its second-quarter 2021 financial report after the bell Thursday, and investors gave the stock an early boost today. Plug reported that compared to the year-ago period, net revenue increased 83% in its second quarter ended June 30. As a result, the company said in its conference call with investors, it raised estimates for the full year 2021 for gross billings to $500 million, a 50% jump over 2020.

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