Plug Power Q3 2016 Earnings Results

Plug Power reported Q3 2016 GAAP revenue of $17.6 million with year-to-date bookings of $170 million and continued expansion of GenDrive deployments. The company achieved 2.2% overall GAAP gross margin with 38% GenDrive margin, while signing two new customers including major retailers Walmart, Sysco, and Home Depot.