Plug Power pursues cost reduction and profitability improvement
PLUG Plug Power Inc
$1.50 +3.45%
View chart & analysis → - 1Plug Power has recorded a cumulative deficit of approximately 8.7 billion dollars since its listing in late 1999.
- 2Plug Power showed an operating expense reduction rate of nearly 50% in its second quarter operating expenses.
- 3Plug Power aims to achieve full profitability on a GAAP basis by 2028.
So what's the key point?
Plug Power reduced its operating expenses by nearly half. The goal is to become a profitable company by 2028.
Source The Motley Fool +2 · View original ↗
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