Plug Power hits multi-month month high on smaller-than-expected loss
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Shares of fuel cell maker Plug Power PLUG.O rise as much as 7.4% to $3.78, their highest level since October 16 last year
Firm posts smaller-than-expected first-quarter loss as it benefited from its integrated hydrogen platform and steady demand across core markets
Reports first-quarter adjusted loss of 8 cents/share; analysts on an average expected 9 cents/share loss, according to LSEG-compiled data
PLUG anticipates ~$275 mln proceeds from hydrogen project asset monetization initiatives, including a previously announced agreement with Stream Data Centers
Net revenue of $163.5 mln beat est. $141.1 mln
Including session's move, PLUG up 85.26% YTD
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