Volatile Movements: Plug Power Inc (NASDAQ:PLUG), AngloGold Ashanti Limited (ADR) (NYSE:AU)

On Tuesday, Shares of Plug Power Inc (NASDAQ:PLUG), remain flat % and closed at $1.26 in the last trading session. The last trading range of the stock ranges between $1.23 and $1.27. The company’s Market capitalization is $201.62 million with the total Outstanding Shares of 180.33 million. Plug Power Inc. (PLUG), a leader in providing energy solutions that change the way the world moves, recently declared its financial results for the third quarter of 2016.  Plug Power continues to show growth and improvements in all areas of the business during the third quarter, counting:

Total GAAP revenues of $17.6 million;

50% growth in recurring service and fuel delivery revenue as compared to Q3 2015;

Year-to-date bookings of $170 million with a full sales pipeline driving confidence in full year target;

GAAP gross margins of 2.2%, demonstrating strong improvement as compared to Q3 2015;

GAAP earnings per share (EPS) loss of $0.07 per share.

Starting with this quarter, Plug Power’s quarterly financial releases will no longer include the non-GAAP measures of adjusted revenue, adjusted gross margin, adjusted EBITDAS or adjusted EPS, to reflect the impact of deployed Power Purchase Agreement (“PPA”) transactions under prior alternative financing arrangements. Plug Power will continue to provide supplemental information to all external stakeholders as it believes it is important to convey the Company’s overall progress in growth and cost downs and to maintain transparency.

AngloGold Ashanti Limited (ADR) (NYSE:AU), subtract –1.94% and closed at $13.14 in the last trading session. The last trading range of the stock ranges between $12.89 and $13.65. The company’s Market capitalization is $5.03 Billion with the total Outstanding Shares of 408.20 million. AngloGold Ashanti Limited operates as a gold mining and exploration company. The company also produces silver, uranium oxide, copper, and sulphuric acid. Its portfolio includes 17 mines in South Africa, Continental Africa, Australasia, and the Americas.

Leave a Reply

Your email address will not be published. Required fields are marked *