The minus USD 0.11 per share was a much higher loss than the USD 0.06 that had been anticipated. The adjusted EPS is said to be at USD 0.08 per share. The company’s revenue increased to USD 32.6 million in the final quarter of 2016 – while USD 34.8 million had been expected. The net loss attributable to common shareholders (incl. large extraordinary items) added up to USD 57.6 million at USD 85.9 million in revenue. This fiscal year, GAAP revenue is expected to grow to USD 130 million. Where does the company go from here? The focus of Plug Power (NASDAQ: PLUG) is the materials handling market, and it’s doing well on it regarding customers and bookings.
Japan’s 2016 Fuel Cell Budget
Japan’s federal R,D&D budget for the 2016 fiscal year, which starts April 1, 2016, is 37.1 billion yen (285 million Euro), according to a recent report from Technova, a Japanese advanced technology consultancy. The total includes continuing support for the successful Ene-Farm residential fuel cell program, which will support an estimated 50,000 residential installations this year.