Plug Power stock dips on revenue miss, but execs stick with annual sales forecast as new factory ramps up

Green-energy provider Plug Power Inc. on Wednesday stuck with its full-year sales forecast, despite fourth-quarter sales missing expectations.

The company — which sells renewable hydrogen fuel and fuel-cell technology that serves electric vehicles, hydrogen-fueling stations and things like cold storage — said it expected 2023 sales of $1.4 billion, compared with FactSet estimates for $1.36 billion, as its new “gigafactory” begins cranking out hydrogen-production gear.

Plug…