PLUG's electrolyzer revenues hold steady at $54.1 million as major projects and rising green hydrogen demand support growth prospects.
Risk appetite is drifting back into the hydrogen and fuel cell corner Thursday, and the market is sorting the group by share price rather than fundamentals. Plug Power (NASDAQ:PLUG) stock is up 4% to $2.
Plug Power (NASDAQ:PLUG) stock is down 5% to $2.16 in midday trading Wednesday, leading a pullback across the fuel cell pure plays.
Plug Power stock has pulled back sharply in recent months, sliding nearly 48% from its year-to-date high of $4.33 to $2.27. The retreat comes even as the company's turnaround strategy takes shape, with short interest remaining stubbornly elevated throughout the decline.
Plug Power reported better-than-expected second-quarter results, with both sales and non-GAAP profitability outperforming expectations as the company continues to benefit from recent restructuring and cost-reduction initiatives. On the conference call, management raised full-year sales guidance slightly and reiterated expectations for achieving positive adjusted EBITDA in the fourth quarter. While gross margins continued to improve, cash burn remained elevated and the company's backlog decreased to new multi-year lows.
Plug Power raises 2026 revenue growth guidance to 15-16% and maintains its Q4 positive EBITDAS target as margins improve and cash use declines.
Plug Power (NASDAQ:PLUG) stock is rising 10% to $2.32 Tuesday morning after the hydrogen fuel cell maker reported Q2 2026 results Monday after the close.
Plug Power stock went parabolic in premarket trading, as we anticipated in our earnings preview. PLUG jumped more than 14% to a high of $2.40, its highest level since July 9, and is now up about 30% from its monthly low.
Plug Power Inc. (PLUG) Q2 2026 Earnings Call Transcript
Plug Power NASDAQ: PLUG raised its full-year revenue growth outlook after reporting second-quarter results that showed improving margins, lower operating expenses and reduced cash usage, while management reiterated its goal of achieving positive EBITDA in the fourth quarter.
Although the revenue and EPS for Plug Power (PLUG) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Plug Power (PLUG) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to a loss of $0.16 per share a year ago.