All articles tagged with #plug power
Bloom Energy posted $1.1B in Q2 2026 revenue, a sharp rise that far eclipses Plug Power’s roughly $178M, as Bloom benefits from strong demand for onsite fuel-cell power in AI data centers and a multibillion-dollar Brookfield partnership. Plug Power is turning around with stabilizing revenue and higher guidance, but the revenue gap remains large, cementing Bloom Energy’s lead in the AI-revenue race.
Plug Power reported Q2 revenue ~$178 million, beating estimates and narrowing losses as gross margins moved toward breakeven, leading the company to raise its full-year revenue guidance to about 15–16%. On Holding posted a revenue miss (CHF 850.3 million vs. CHF 881.4 million expected) but logged a profit of CHF 0.31 per share, with gross margin at 65.4% and EBITDA margin at 19.8%, driven by strong direct-to-consumer growth and Asia-Pacific momentum.
Hydrogen/fuel-cell stocks Bloom Energy, FuelCell Energy, and Plug Power fell Friday in a sector-wide selloff after strong AI-fueled rallies. Bloom Energy dropped about 13%, FuelCell Energy around 9%, and Plug Power roughly 4%, though all remain well above their start-of-year levels. The HYDR hydrogen ETF also slid, signaling broad sector pressure rather than company-specific issues. Bloom Energy’s Oracle partnership underpins the AI data-center bull case, while FCEL posted mixed quarterly results with an impairment, and Plug Power highlighted hydrogen monetization progress and a path to positive EBITDAS later in 2026. Investors will watch whether the pullback continues next week and how upcoming earnings news reshapes the narrative.
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.
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.
Shares of Plug Power surged 7.3% after an analyst upgrade citing potential profitability improvements, driven by cost savings and higher product prices, though the stock remains highly volatile and influenced by broader market trends.
Plug Power's stock rose after Clear Street upgraded its rating to Buy despite lowering its price target to $3, citing potential shareholder dilution and upcoming corporate decisions that could impact the stock. The broader market declined, and industry peers showed mixed results amid sector scrutiny.
Plug Power has installed Africa's first fully integrated green hydrogen facility in Namibia, featuring a 5MW electrolyzer, solar power, and energy storage, supporting hydrogen mobility and industrial decarbonization, and positioning Namibia as a regional hydrogen hub.
Plug Power's stock surged 24% after H.C. Wainwright raised its price target to $7, citing rising electricity prices and the potential for green hydrogen to become more cost-competitive, despite mixed analyst ratings and high short interest that could lead to volatile price movements.
Plug Power's stock price surged following a significant increase in its analyst price target, indicating strong investor confidence and positive outlook for the company's future performance.
H.C. Wainwright raised its price target on Plug Power to $7 from $3, citing rising electricity prices that could make green hydrogen more competitive, alongside recent operational milestones and strategic expansions, despite profitability challenges and trading above fair value.
Plug Power's stock has risen nearly 90% this year amid hopes for a short squeeze due to high short interest, but concerns remain over potential share dilution, ongoing losses, and financial distress signals like a reverse split proposal, making it a risky investment despite Wall Street's optimistic target price.
Plug Power faces significant challenges due to US government funding cuts and potential elimination of hydrogen tax credits, raising concerns about its future profitability and stock performance, despite recent growth and strategic efforts.
Plug Power and Allied Green have expanded their partnership with a new 2 GW electrolyzer deal in Uzbekistan, supporting a $5.5 billion green chemical plant producing sustainable fuels, which builds on their existing 3 GW commitment in Australia, totaling a 5 GW global partnership aimed at decarbonization.
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.