Plug Power Will Restate Financial Statements for Last 4 Years

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Plug Power Will Restate Financial Statements for Last 4 Years

Motley Fool2021-03-17

Plug's going to need a bit more time to get that 10-K published. Plug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising "gross billings" in recent years -- ...

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Comment（22）

Zsz
·2021-03-18
It prolly a good time to buy more
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SGoh
·2021-03-17
Bad news
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- SGoh:
  Dream time
  2021-03-17
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- Weh:
  They didn’t say that the numbers will be lesser... may be after the figures are better?!
  2021-03-17
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MillionareManifesting
·2021-03-17
Bye comment
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MillionareManifesting
·2021-03-17
Hi comment
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2
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- XNOP593:
  Hi
  2021-03-17
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TerenceD
·2021-03-17
That’s ??
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1
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- KenKai:
  Hi
  2021-03-17
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- MillionareManifesting:
  Yea
  2021-03-17
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TerenceD
·2021-03-17
??
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1
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BpchuA
·2021-03-17
That is ?
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2
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AntLiew
·2021-03-17
Bad
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2
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JonL
·2021-03-17
This is bad management! CFO not doing the job?
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- MillionareManifesting:
  Yeet
  2021-03-17
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CubTrader
·2021-03-17
Wow.. bad news
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- 股神徒孙:
  Agree
  2021-03-17
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CeeeKay
·2021-03-17
Smell so fishy
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1
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Shifeng
·2021-03-17
Similar to other new company?
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rofl
·2021-03-17
Please like and comment, thanks!
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- 股神徒孙:
  Please comment back!
  2021-03-17
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nicochief
·2021-03-17
Damn that is not good at all
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2
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JavierL
·2021-03-17
Plug Ma
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TheRainmaker
·2021-03-17
Haha
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3
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- TheRainmaker:
  Hmm
  2021-03-17
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JonLucky
·2021-03-17
Another one to bite the dust
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- JadeS:
  need more time
  2021-03-17
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HyperCat
·2021-03-17
Disastrous mistakes. Plunged after hours.
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天天有錢賺
·2021-03-17
Latest
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4
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CWYap
·2021-03-17
???
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As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324357298,"gmtCreate":1615968658714,"gmtModify":1704789045720,"author":{"id":"3565395093400157","authorId":"3565395093400157","name":"SGoh","avatar":"https://static.tigerbbs.com/e38bfdd3bb9c6884571f8ef468bc10d4","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3565395093400157","authorIdStr":"3565395093400157"},"htmlText":"Bad news","listText":"Bad news","text":"Bad news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/324357298","repostId":1185257836,"repostType":2,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3818720,"gmtCreate":1615991777952,"gmtModify":1680780738282,"authorId":3565395093400157,"author":{"id":3565395093400157,"idStr":"3565395093400157","authorId":3565395093400157,"name":"SGoh","avatar":"https://static.tigerbbs.com/e38bfdd3bb9c6884571f8ef468bc10d4","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324357298,"type":1,"supId":3818187,"prevId":0,"content":"Dream <u>time</u>","text":"Dream <u>time</u>","html":"Dream <u>time</u>"},{"id":3818187,"gmtCreate":1615989461351,"gmtModify":1680780732073,"authorId":3559616356182261,"author":{"id":3559616356182261,"idStr":"3559616356182261","authorId":3559616356182261,"name":"Weh","avatar":"https://community-static.tradeup.com/news/1785bda13c4b77c04e320bfb85452397","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324357298,"type":1,"supId":0,"prevId":0,"content":"They didn’t say that the numbers will be lesser... may be after the figures are better?!","text":"They didn’t say that the numbers will be lesser... may be after the figures are better?!","html":"They didn’t say that the numbers will be lesser... may be after the figures are better?!"}],"langContent":"EN"},{"id":324048070,"gmtCreate":1615946517290,"gmtModify":1704788779650,"author":{"id":"3572474896190235","authorId":"3572474896190235","name":"MillionareManifesting","avatar":"https://static.tigerbbs.com/95ad51f5e7e50d18d8bc2eab6cd33224","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":4,"crmLevelSwitch":0,"idStr":"3572474896190235","authorIdStr":"3572474896190235"},"htmlText":"Bye comment","listText":"Bye comment","text":"Bye comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324048070","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324041576,"gmtCreate":1615946506395,"gmtModify":1704788779325,"author":{"id":"3572474896190235","authorId":"3572474896190235","name":"MillionareManifesting","avatar":"https://static.tigerbbs.com/95ad51f5e7e50d18d8bc2eab6cd33224","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":4,"crmLevelSwitch":0,"idStr":"3572474896190235","authorIdStr":"3572474896190235"},"htmlText":"Hi comment","listText":"Hi comment","text":"Hi comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/324041576","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3813568,"gmtCreate":1615948976561,"gmtModify":1680780654938,"authorId":3577092942653022,"author":{"id":3577092942653022,"idStr":"3577092942653022","authorId":3577092942653022,"name":"XNOP593","avatar":"https://static.tigerbbs.com/732877c9630f22cc8eb6bebac5e10f6d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324041576,"type":1,"supId":0,"prevId":0,"content":"<u>Hi</u>","text":"<u>Hi</u>","html":"<u>Hi</u>"}],"langContent":"EN"},{"id":324043134,"gmtCreate":1615946424128,"gmtModify":1704788777533,"author":{"id":"3573966231987456","authorId":"3573966231987456","name":"TerenceD","avatar":"https://static.tigerbbs.com/046d570a2a5c6793332b041c7628d5c3","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"3573966231987456","authorIdStr":"3573966231987456"},"htmlText":"That’s ??&nbsp;","listText":"That’s ??&nbsp;","text":"That’s ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/324043134","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3813746,"gmtCreate":1615950297014,"gmtModify":1680780663008,"authorId":3577186651876260,"author":{"id":3577186651876260,"idStr":"3577186651876260","authorId":3577186651876260,"name":"KenKai","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324043134,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"},{"id":3813244,"gmtCreate":1615946527812,"gmtModify":1680780655435,"authorId":3572474896190235,"author":{"id":3572474896190235,"idStr":"3572474896190235","authorId":3572474896190235,"name":"MillionareManifesting","avatar":"https://static.tigerbbs.com/95ad51f5e7e50d18d8bc2eab6cd33224","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.20%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324043134,"type":1,"supId":0,"prevId":0,"content":"Yea","text":"Yea","html":"Yea"}],"langContent":"EN"},{"id":324049603,"gmtCreate":1615946383902,"gmtModify":1704788776558,"author":{"id":"3573966231987456","authorId":"3573966231987456","name":"TerenceD","avatar":"https://static.tigerbbs.com/046d570a2a5c6793332b041c7628d5c3","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"3573966231987456","authorIdStr":"3573966231987456"},"htmlText":"??&nbsp;","listText":"??&nbsp;","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324049603","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324057592,"gmtCreate":1615946229416,"gmtModify":1704788773897,"author":{"id":"3575867013914101","authorId":"3575867013914101","name":"BpchuA","avatar":"https://static.tigerbbs.com/dd3500e66cc249b4480fcc30d7cd6409","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575867013914101","authorIdStr":"3575867013914101"},"htmlText":"That is ?&nbsp;","listText":"That is ?&nbsp;","text":"That is ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324057592","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324053796,"gmtCreate":1615945745215,"gmtModify":1704788766112,"author":{"id":"3574749287543892","authorId":"3574749287543892","name":"AntLiew","avatar":"https://static.tigerbbs.com/14dc4e36e90cdfc60979ceb077d41331","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574749287543892","authorIdStr":"3574749287543892"},"htmlText":"Bad","listText":"Bad","text":"Bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324053796","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324050163,"gmtCreate":1615945625752,"gmtModify":1704788761898,"author":{"id":"3550535031428558","authorId":"3550535031428558","name":"JonL","avatar":"https://static.tigerbbs.com/dc42c3c100f7d272ed108a53f0f012a4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3550535031428558","authorIdStr":"3550535031428558"},"htmlText":"This is bad management! CFO not doing the job?&nbsp;","listText":"This is bad management! CFO not doing the job?&nbsp;","text":"This is bad management! CFO not doing the job?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/324050163","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3813246,"gmtCreate":1615946546339,"gmtModify":1680780655908,"authorId":3572474896190235,"author":{"id":3572474896190235,"idStr":"3572474896190235","authorId":3572474896190235,"name":"MillionareManifesting","avatar":"https://static.tigerbbs.com/95ad51f5e7e50d18d8bc2eab6cd33224","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.20%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324050163,"type":1,"supId":0,"prevId":0,"content":"Yeet","text":"Yeet","html":"Yeet"}],"langContent":"EN"},{"id":324025908,"gmtCreate":1615945447604,"gmtModify":1704788757513,"author":{"id":"3552620505563005","authorId":"3552620505563005","name":"CubTrader","avatar":"https://static.tigerbbs.com/bf7145f19b342af15e8d455a8e30aaa8","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0,"idStr":"3552620505563005","authorIdStr":"3552620505563005"},"htmlText":"Wow.. bad news","listText":"Wow.. bad news","text":"Wow.. bad news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/324025908","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3813155,"gmtCreate":1615945782765,"gmtModify":1680780656951,"authorId":3573474804628073,"author":{"id":3573474804628073,"idStr":"3573474804628073","authorId":3573474804628073,"name":"股神徒孙","avatar":"https://static.tigerbbs.com/ac59f7fc64d3e018af70687bdddf30c2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324025908,"type":1,"supId":0,"prevId":0,"content":"Agree","text":"Agree","html":"Agree"}],"langContent":"EN"},{"id":324028926,"gmtCreate":1615945266965,"gmtModify":1704788753962,"author":{"id":"3568414833542283","authorId":"3568414833542283","name":"CeeeKay","avatar":"https://static.tigerbbs.com/17129049ced44ecc58464019a028ea24","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3568414833542283","authorIdStr":"3568414833542283"},"htmlText":"Smell so fishy&nbsp;","listText":"Smell so fishy&nbsp;","text":"Smell so fishy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324028926","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324023988,"gmtCreate":1615945103744,"gmtModify":1704788752832,"author":{"id":"3554690739454545","authorId":"3554690739454545","name":"Shifeng","avatar":"https://static.tigerbbs.com/7eba636a69f64b047187455fad28835a","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0,"idStr":"3554690739454545","authorIdStr":"3554690739454545"},"htmlText":"Similar to other new company?&nbsp;","listText":"Similar to other new company?&nbsp;","text":"Similar to other new company?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324023988","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324020923,"gmtCreate":1615944930462,"gmtModify":1704788747644,"author":{"id":"3571798867194715","authorId":"3571798867194715","name":"rofl","avatar":"https://static.tigerbbs.com/a782efba8e9be0ccc6a4a3b55e7ec507","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3571798867194715","authorIdStr":"3571798867194715"},"htmlText":"Please like and comment, thanks!&nbsp;","listText":"Please like and comment, thanks!&nbsp;","text":"Please like and comment, thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/324020923","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3813157,"gmtCreate":1615945794006,"gmtModify":1680780658160,"authorId":3573474804628073,"author":{"id":3573474804628073,"idStr":"3573474804628073","authorId":3573474804628073,"name":"股神徒孙","avatar":"https://static.tigerbbs.com/ac59f7fc64d3e018af70687bdddf30c2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324020923,"type":1,"supId":0,"prevId":0,"content":"Please comment back!","text":"Please comment back!","html":"Please comment back!"}],"langContent":"EN"},{"id":324064232,"gmtCreate":1615944816226,"gmtModify":1704788746509,"author":{"id":"3555453819916928","authorId":"3555453819916928","name":"nicochief","avatar":"https://static.tigerbbs.com/98b74f7320d8c0a3abafc684e046d076","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3555453819916928","authorIdStr":"3555453819916928"},"htmlText":"Damn that is not good at all","listText":"Damn that is not good at all","text":"Damn that is not good at all","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324064232","repostId":1185257836,"repostType":2,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324066482,"gmtCreate":1615944584446,"gmtModify":1704788741500,"author":{"id":"3577414288968290","authorId":"3577414288968290","name":"JavierL","avatar":"https://static.tigerbbs.com/548aaf999c2d9fab12cbab2b84104e6f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577414288968290","authorIdStr":"3577414288968290"},"htmlText":"Plug Ma","listText":"Plug Ma","text":"Plug Ma","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324066482","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324068561,"gmtCreate":1615944541753,"gmtModify":1704788740037,"author":{"id":"3562288345465729","authorId":"3562288345465729","name":"TheRainmaker","avatar":"https://static.tigerbbs.com/a2446b188392bb216f8e13ba56e44832","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3562288345465729","authorIdStr":"3562288345465729"},"htmlText":"Haha","listText":"Haha","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/324068561","repostId":1185257836,"repostType":2,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3813013,"gmtCreate":1615944572228,"gmtModify":1680780649450,"authorId":3562288345465729,"author":{"id":3562288345465729,"idStr":"3562288345465729","authorId":3562288345465729,"name":"TheRainmaker","avatar":"https://static.tigerbbs.com/a2446b188392bb216f8e13ba56e44832","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324068561,"type":1,"supId":0,"prevId":0,"content":"Hmm","text":"Hmm","html":"Hmm"}],"langContent":"EN"},{"id":324063635,"gmtCreate":1615944441727,"gmtModify":1704788737767,"author":{"id":"3573703375513385","authorId":"3573703375513385","name":"JonLucky","avatar":"https://static.tigerbbs.com/15afb66e92e4e4d6d1a8e9b7854e9d5e","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"3573703375513385","authorIdStr":"3573703375513385"},"htmlText":"Another one to bite the dust&nbsp;","listText":"Another one to bite the dust&nbsp;","text":"Another one to bite the dust","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/324063635","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3815748,"gmtCreate":1615971271168,"gmtModify":1680780698766,"authorId":3573644992811813,"author":{"id":3573644992811813,"idStr":"3573644992811813","authorId":3573644992811813,"name":"JadeS","avatar":"https://community-static.tradeup.com/news/1e6f301e7632a6460b2c962cd5d56f91","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324063635,"type":1,"supId":0,"prevId":0,"content":"need more <u>time</u>","text":"need more <u>time</u>","html":"need more <u>time</u>"}],"langContent":"EN"},{"id":324084637,"gmtCreate":1615944113729,"gmtModify":1704788733241,"author":{"id":"3570750402462573","authorId":"3570750402462573","name":"HyperCat","avatar":"https://static.tigerbbs.com/46d306d099586785cb11da80598e0c9e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3570750402462573","authorIdStr":"3570750402462573"},"htmlText":"Disastrous mistakes. Plunged after hours.&nbsp;","listText":"Disastrous mistakes. Plunged after hours.&nbsp;","text":"Disastrous mistakes. Plunged after hours.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324084637","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324085455,"gmtCreate":1615944068377,"gmtModify":1704788732433,"author":{"id":"3569157961325264","authorId":"3569157961325264","name":"天天有錢賺","avatar":"https://static.tigerbbs.com/a87d6821c87a3f5345fd3b39e87a3710","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3569157961325264","authorIdStr":"3569157961325264"},"htmlText":"Latest&nbsp;","listText":"Latest&nbsp;","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324085455","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324082969,"gmtCreate":1615943993151,"gmtModify":1704788730169,"author":{"id":"3575628857258375","authorId":"3575628857258375","name":"CWYap","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575628857258375","authorIdStr":"3575628857258375"},"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324082969","repostId":1185257836,"repostType":4,"repost":{"id":"1185257836","pubTimestamp":1615943791,"share":"https://ttm.financial/m/news/1185257836?lang=&edition=fundamental","pubTime":"2021-03-17 09:16","market":"us","language":"en","title":"Plug Power Will Restate Financial Statements for Last 4 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1185257836","media":"Motley Fool","summary":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pione","content":"<p>Plug's going to need a bit more time to get that 10-K published.</p>\n<p><b>Plug Power</b>&nbsp;(NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and&nbsp;negative revenue&nbsp;in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.</p>\n<p>Earlier this month, Plug was expected to file its 10-K annual report with the SEC, but&nbsp;requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"</p>\n<p>Now we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.</p>\n<p>In the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.</p>\n<p>Management says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.</p>\n<p>Plug stock was down more&nbsp;than&nbsp;11% in after-hours quotations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power Will Restate Financial Statements for Last 4 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power Will Restate Financial Statements for Last 4 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2021/03/16/plug-power-will-restate-financial-statements-for-l/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185257836","content_text":"Plug's going to need a bit more time to get that 10-K published.\nPlug Power (NASDAQ:PLUG), the pioneering hydrogen fuel cell company that's reported rapidly rising \"gross billings\" in recent years -- but huge GAAP losses and negative revenue in its most recent quarter -- announced today that it will restate its earnings for the last four years, sending its stock tumbling in after-hours trading.\nEarlier this month, Plug was expected to file its 10-K annual report with the SEC, but requested an extension instead, complaining that it needed \"additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company's financial statements and procedures relating to management's assessment of the effectiveness of internal controls.\"\nNow we know why. As Plug advised in a press release after close of trading Tuesday, it \"will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.\" Once it has completed this work, it intends to disclose the results when it finally files its 10-K.\nIn the course of working with auditor KPMG to prepare its filing, Plug discovered \"errors in accounting\" for \"book value of right of use assets and related finance obligations,\" \"loss accruals for certain service contracts,\" \"impairment of certain long-lived assets,\" and \"classification of certain costs,\" including costs related to research and development.\nManagement says it does not expect its restatement to affect Plug's cash position or business operations. It adds that KPMG did not detect any evidence of \"override of controls or misconduct\" at Plug, and says it continues to expect that \"gross billings\" will rise to $475 million in 2021, $750 million in 2022, and $1.7 billion in 2024.\nPlug stock was down more than 11% in after-hours quotations.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":28,"commentSize":22,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}