SLINGERLANDS, N.Y. (AP) — SLINGERLANDS, N.Y. (AP) — Plug Power Inc. (PLUG) on Monday reported a loss of $196.7 million in its first quarter.
The Slingerlands, New York-based company said it had a loss of 21 cents per share.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The alternative energy company posted revenue of $133.7 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $132.2 million.
For the current quarter ending in June, Plug Power said it expects revenue in the range of $140 million to $180 million.
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