PLUG faces weakening demand across legacy products, while rising electrolyzer sales offer a rare bright spot amid its Q3 pressures.
Plug Power shares can deliver huge gains quickly. Downside potential is equally large.
Recently, Zacks.com users have been paying close attention to Plug Power (PLUG). This makes it worthwhile to examine what the stock has in store.
Plug Power faces ongoing operational issues, persistent losses, and frequent capital raises, leading to a bearish investment thesis. PLUG recently raised $375 million via convertible debt to refinance existing obligations after inducing a large warrant exercise, highlighting continued shareholder dilution and capital needs. Despite improved capital discipline and smaller losses, PLUG still lost $139 million in Q3, with significant revenue and margin hurdles ahead.
Plug Power (PLUG) shares sank Wednesday after the maker of hydrogen fuel cells announced it would sell $375 million in debt that could be converted into stock.
PLUG's cost cuts and operational shifts clash with deeper losses as margins slide and impairments rise.
Zacks.com users have recently been watching Plug Power (PLUG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
PLUG's strong electrolyzer demand, global partnerships and green hydrogen momentum fuel optimism despite ongoing margin and cash flow challenges.
Plug Power Inc. is building a full-scale green hydrogen ecosystem, expanding electrolyzer sales, and benefiting from supportive government policies. PLUG's Q3 revenue rose modestly, with strong growth in electrolyzer sales and improved cash flow, but overall profitability remains elusive. Despite operational improvements, PLUG stock trades at a significant premium to sector peers, justified mainly by sales-based valuations rather than earnings.
Plug Power has dropped out of a government loan program, deciding it was more cost-effective to pay for hydrogen supply than to build its own network. Analysts agree.
Plug Power sees revenue declines in legacy product lines, but rising electrolyzer demand may fuel a turnaround.
Although the revenue and EPS for Plug Power (PLUG) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.