Overview
- Plug Power shares jumped 21.1% over the week after its May 11 first‑quarter report topped Wall Street forecasts for sales and losses.
- Quarterly revenue came in at $163.5 million versus a $140 million estimate, with a net loss of $109 million versus a $110 million expected loss, as sales rose from $134 million a year earlier on strength in material handling and electrolyzers.
- Management guided to 13%–15% revenue growth for 2026, called for margins to improve each quarter with a gross margin target near 40% for the year, and projected positive adjusted EBITDA in the fourth quarter.
- Following May 12 price‑target hikes, B. Riley lifted its target to $5 and kept a Buy rating, citing better operating efficiency and scaling.
- After the rally, shares gave back some gains as investors took profits, while the company pointed to planned asset monetization to support liquidity and help deliver its turnaround goals.