Plug Power (PLUG.US), a global leader in comprehensive hydrogen energy solutions, is set to report its Q3 2025 earnings after market close on November 10. Analysts project a Q3 loss per share of $0.13, marking a 48% year-over-year (YoY) increase in losses. Revenue is expected to reach $170.02 million, down 2.1% YoY.

Notably, consensus EPS estimates for the quarter have been revised upward by 2% over the past 30 days, reflecting collective adjustments by analysts. Such revisions in earnings forecasts are a critical factor in anticipating potential investor reactions to the stock. Empirical studies consistently show a strong correlation between earnings estimate revisions and short-term stock price movements.

Key business segment projections include: - **Net Revenue (Equipment, Related Infrastructure & Others)**: $98.03 million, down 8.5% YoY. - **Net Revenue (Fuel Cell Systems & Related Infrastructure Services)**: $15.47 million, up 9.3% YoY. - **Net Revenue (Power Purchase Agreements)**: $21.20 million, up 3.6% YoY. - **Net Revenue (Fuel & Related Equipment Delivered to Customers)**: $32.53 million, up 9.2% YoY.

However, **gross profit for Fuel Cell Systems & Related Infrastructure Services** is projected at just $160,000, a sharp decline from $5.06 million in the same period last year.