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Plug Power

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business15 days ago

Plug Power Signals Margin Turnaround as Q1 2026 Revenue Climbs 22%

Plug Power reported Q1 2026 revenue of $163.5 million, up 22% year over year, and a 71% improvement in gross margin to negative 13% from negative 55%, driven by higher sales and cost discipline; GAAP EPS was -$0.18, with adjusted EPS -$0.08 after about $140 million of non-cash charges related to convertible debt and warrants. The company remains focused on achieving positive EBITDAS in Q4 2026 as it scales its integrated hydrogen platform, with progress across Material Handling (GenDrive/GenFuel), Electrolyzer Solutions (over 320 MW deployed and more than $8 billion in project pipeline with projects in Portugal, Spain and Canada), and Hydrogen Production (hydrogen fuel sales up 22% and margins up 54 percentage points). Liquidity stood at over $802 million in cash, plus restricted cash, and it expects further asset monetization (~$275 million) and tax-credit proceeds (~$39.2 million) to support its growth and margin expansion.

via ir.plugpower.com|
#business#earnings#electrolyzer
business2 months ago

Plug Power to Ring Nasdaq Bell as 2025 Revenue Grows and New CEO Takes Charge

Plug Power will ring the Nasdaq Closing Bell on March 6, 2026, celebrating its full-year 2025 results—revenue rose 12.9% to about $710 million—along with its new CEO, Jose Luis Crespo, who started March 2. GenEco electrolyzers delivered a record $187 million in 2025 revenue, helping fuel an ~$8 billion global sales funnel, and more than 300 MW of GenEco electrolyzers have been deployed across six continents.

via ir.plugpower.com|
#business#geneco#jose-luis-crespo
"Airbus, Delta, and Airports Explore Feasibility of Hydrogen Hubs for Aviation"
businessaviation2 years ago

"Airbus, Delta, and Airports Explore Feasibility of Hydrogen Hubs for Aviation"

Plug Power, Airbus, and Delta Air Lines are collaborating to explore the feasibility of a hydrogen-based hub at Hartsfield-Jackson Atlanta International Airport, aiming to create a more sustainable future for travel. The study, set to be completed by the end of 2026, will assess the infrastructure, operational feasibility, and safety protocols for integrating hydrogen as a fuel for potential aircraft operations at the airport. This initiative aligns with Plug Power's efforts to build a green hydrogen ecosystem, while Airbus is developing the first hydrogen-powered commercial aircraft and promoting the concept of Hydrogen Hubs at Airports. Delta's involvement in the partnership reflects its ongoing commitment to addressing the aviation industry's sustainability challenges through collaborative efforts.

via Benzinga|
#airbus#businessaviation#delta-air-lines
"Assessing Plug Power's Investment Potential Amid Strategy Shift and Market Sentiment"
finance2 years ago

"Assessing Plug Power's Investment Potential Amid Strategy Shift and Market Sentiment"

Plug Power has resolved its liquidity issues and now has sufficient cash and available liquidity to fund its operations. The company is investing heavily to capitalize on the massive growth opportunity in the hydrogen market, aiming to grow its revenue from $891 million last year to as much as $20 billion by 2030. However, it has been losing money and its share count is likely to keep rising, making it an extremely high-risk investment. Investors might want to wait and see if the company can start delivering on its promise before buying shares.

via Yahoo Finance|
#finance#hydrogen#investment
"Plug Power Stock Surges After Resolving Going-Concern Risk"
finance2 years ago

"Plug Power Stock Surges After Resolving Going-Concern Risk"

Plug Power stock has experienced significant volatility, with recent surges and collapses. The company aims to revolutionize the energy industry with hydrogen fuel cells, but faces challenges in cost competitiveness and infrastructure. While it has ambitious revenue targets, its financial health is a concern, with a significant need for additional investment. The future of the hydrogen economy remains uncertain, and despite its potential upside, investing in Plug Power stock may be a long-term gamble.

via Yahoo Finance|
#finance#growth-stock#hydrogen-fuel-cells
"Plug Power Stock Surges After Resolving Going-Concern Issue and Meeting Wall Street Expectations"
finance2 years ago

"Plug Power Stock Surges After Resolving Going-Concern Issue and Meeting Wall Street Expectations"

Despite underperforming the market, one Wall Street analyst believes Plug Power stock has a 16% upside, setting a price target of $4 based on the company's hydrogen production announcement. However, caution is advised as the company reported a steep loss in its recent financial results, and its inability to generate profit and organic cash flow remains a concern. The Motley Fool Stock Advisor team did not include Plug Power in their list of top stocks to buy, emphasizing the need for careful consideration before investing.

via Yahoo Finance|
#finance#hydrogen-production#plug-power