Overview
- Plug Power shares surged 15.8% to $3.22 and then held near flat in early trading as traders weighed recent results against fresh contract wins.
- The most recent quarter showed a loss of $0.63 per share versus a $0.10 loss expected, while revenue reached $225.2 million against a $217.77 million forecast.
- In April, Plug was selected to supply a 275‑megawatt electrolyzer system to Hy2gen’s Courant project in Québec, starting with front‑end engineering and design, with construction targeted for 2027 and full commissioning in 2029.
- Project Quantum Leap sets targets for positive EBITDA by the fourth quarter of 2026, positive operating income in 2027, and full profitability by 2028.
- To cut fuel costs, Plug has begun making hydrogen at plants in Georgia, Louisiana, and Tennessee, which it says lowers costs to about one‑third of buying on the open market.