Plug Power Dissipates

Hydrogen fuel cell pioneer Plug Power (Nasdaq: PLUG) — a competitor to both the eponymous company FuelCell Energy (Nasdaq: FCEL) (about which fellow Fool Seth Jayson wrote last month) and Ballard Power (Nasdaq: BLDP) — reported its second-quarter and first-half earnings Wednesday. How did Plug Power do? Hint: The company’s “financial results” section leads off with the line “Net cash used in operating activities.” Not a good omen. Read on if you dare, dear Fool, but make sure to first screw your courage to the sticking place.
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