Plug Power posts profit on stock warrant gain
Aug 14 (Reuters) - Fuel-cell maker Plug Power Inc reported a quarterly net profit, helped by a $9.6 million gain related to its stock warrants.
The company reported a net income of $3.8 million, or 2 cents per share, in the second quarter ended June 30, compared with a net loss of $9.3 million, or 14 cents per share, a year earlier.
The year-earlier quarter included a charge related to a change in value of the company's stock warrants.
Revenue rose 131 percent to $17.32 million.
The company's shares rose 6 percent to $6.20 in premarket trading. (Reporting by Swetha Gopinath in Bangalore)
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