Hydrogen fuel cell maker Plug Power misses Q3 revenue estimates

Reuters
昨天
Hydrogen fuel cell maker <a href="https://laohu8.com/S/PLUG">Plug</a> Power misses Q3 revenue estimates

Overview

  • Plug Power Q3 revenue was $177 mln, missing analyst expectations

  • Adjusted EPS for Q3 improved to a loss of $0.12 per share

  • Company completed $370 mln capital raise, reflecting investor confidence

Outlook

  • Plug Power aims for EBITDAS-positive results in the second half of 2026

Result Drivers

  • ELECTROLYZER GROWTH - GenEco electrolyzer revenue increased 46% sequentially, contributing significantly to Q3 revenue

  • PRICING ENHANCEMENTS - Continued pricing improvements helped drive revenue and reduce operational cash burn

  • PROJECT QUANTUM LEAP - Strategic initiatives improved margin and cash flow, despite $226 mln in related charges

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$177.06 mln

$179.54 mln (20 Analysts)

Q3 Net Income

-$363.51 mln

Q3 Income from operations

-$348.79 mln

Q3 Pretax Profit

-$363.41 mln

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 14 "hold" and 5 "sell" or "strong sell"

  • The average consensus recommendation for the renewable energy equipment & services peer group is "buy."

  • Wall Street's median 12-month price target for Plug Power Inc is $3.00, about 11.7% above its November 7 closing price of $2.65

Press Release: ID:nGNX1RKdwh

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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