The minus USD 0.11 per share was a much higher loss than the USD 0.06 that had been anticipated. The adjusted EPS is said to be at USD 0.08 per share. The company’s revenue increased to USD 32.6 million in the final quarter of 2016 – while USD 34.8 million had been expected. The net loss attributable to common shareholders (incl. large extraordinary items) added up to USD 57.6 million at USD 85.9 million in revenue. This fiscal year, GAAP revenue is expected to grow to USD 130 million. Where does the company go from here? The focus of Plug Power (NASDAQ: PLUG) is the materials handling market, and it’s doing well on it regarding customers and bookings.
Despite a higher-than-expected net loss of USD 1.9 million in the third quarter and only USD 6.7 million in revenue – down 30 percent from the same period the year prior – Hydrogenics could report a record USD 106.2 million in order bookings, of which USD 30 million should be realized within the next 12 months. One of the customers that had placed new orders was E.ON, and the integration of fuel cell stacks with trains and streetcars in collaboration with Alstom is turning out to be a success.