Plug Power Rises on Earnings Beat as Analysts Stay Cautious

Overview

• Plug Power topped forecasts with a $0.06 per-share loss on $225.2 million in revenue, lifting the stock about 25% for the year.
• Susquehanna raised its price target to $2.75 with a Neutral rating, with Wells Fargo moving to $2.00 and BMO holding an Underperform call at $1.00.
• Wall Street’s consensus sits at Hold with an average price target near $3.03, which points to restrained expectations.
• AI data centers present a potential use for Plug’s hydrogen fuel cells, yet confirmed contracts in that market remain scarce.
• Hydrogen remains costly at scale and Plug still shows steep losses, including a net margin of -229.83% and a deeply negative gross margin.