Plug Power Stock Is Gaining Monday: What's Going On?

Plug Power Inc. (NASDAQ: PLUG ) stock climbed more than 5% in Monday premarket trading as investors looked ahead to the hydrogen fuel-cell company's second-quarter earnings report. Plug Power is set to report earnings on Aug. 10. The results could provide a key test of the company's efforts to strengthen liquidity, improve margins and reduce its cash burn. Wall Street expects Plug Power to report revenue of $169.41 million and a loss of 8 cents per share. Beyond the headline numbers, investors will likely focus on whether recent liquidity measures have given Plug Power enough financial flexibility to fund its hydrogen expansion. They will also be watching for signs that improving demand can translate into better margins and a clearer path toward self-funding operations. Plug Power's Recent Earnings Track Record Plug Power has beaten earnings estimates in three of the...