Recently, Plug Power Inc. (PLUG) posted its second-quarter earnings report, demonstrating a remarkable revenue growth of 72% year-over-year to reach $260.18 million, topping the consensus forecast of $238.45 million. Furthermore, the company reaffirmed its full-year revenue outlook.
The significant increase in revenue was primarily ascribed to expansion with pedestal customers in material handling and considerable growth in cryogenics and liquefaction.
