Plug reports Q2 revenue of ~$178M and raises guidance
The company achieved near break-even gross margin, reduced net cash usage to ~$61M, and projects 15-16% revenue growth for 2026.
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Green hydrogen and fuel cell solutions provider
plugpower.comLast updated
In short: Plug reported strong revenue growth and improved margins while appointing Jose Luis Crespo as CEO and securing key international projects.
The company achieved near break-even gross margin, reduced net cash usage to ~$61M, and projects 15-16% revenue growth for 2026.
The earnings call begins at 4:30 PM ET, with dial-in numbers and a direct webcast available.
The company will provide 2 GW of GenEco PEM electrolyzer systems to produce green hydrogen for sustainable aviation fuels.
Two transactions with Stream Data Centers expected to deliver over $80 million near-term liquidity and over $275 million total initiative.
Plug Power stock jumped after beating earnings estimates.
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