Plug Power (PLUG) shares are down roughly 52% over the past year, trade near their 52-week low, and sit below $1.50 per share. In Q2, revenue rose roughly 9% year over year to about $178 million and gross margin reached breakeven, up from -31% a year earlier, though the company still posted a net loss of roughly $190 million. Plug Power reported about $134 million in cash and equivalents and said Q3 net cash usage was just $28 million. However, the article suggests another large loss is likely and that continued stock dilution is a very likely outcome, as the share count has risen more than 140% over the past five years.
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