Plug Power (PLUG) reported losing 13 cents a share on revenue of $15.2 million. Analysts expected it to lose 7 cents a share on revenue of $24.9 million. The company confirmed its full-year guidance of $130 million and gross margins of 8% to 12%.
Last month Plug Power saw its shares jump up on a partnership agreement with Amazon (AMZN) .
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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