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Plug Power's 2016 net loss surpassed $50 million as fuel cell manufacturer struggles to turn a profit

Mar 9, 2017 - Albany Business Review

Plug Power, the Latham, New York, fuel cell manufacturer had a net loss of $57.3 million in 2016, according to full-year results released Thursday.

The company previously thought it would break even, or even turn a profit for the first time by 2017.

After tax credits key to Plug Power's growth were not extended, CEO

. The company is now on track to turn a profit in mid-2018.

Andy Marsh said the company will hit profitability about a year later than expected

Plug ha

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