Plug Power Posts Double-Digit 1Q Revenue Growth

Dow Jones

05/12

By Christopher Kuo

Plug Power posted double-digit revenue growth driven by expansion in its material handling and electrolyzer businesses.

The hydrogen solutions company on Monday posted a first-quarter loss of $245.3 million, or 18 cents a share, compared with a loss of $196.7 million, or 21 cents a share, a year earlier.

Adjusted earnings came in at a loss of 8 cents a share. Analysts polled by FactSet expected a loss of 11 cents a share.

Revenue rose 22% to $163.5 million, driven by growth in its material handling and electrolyzer businesses. Analysts expected $139.9 million.

In its material handling business, per-unit quarterly service costs for GenDrive Fuel Cells were down 30% year over year, the company said.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

May 11, 2026 16:17 ET (20:17 GMT)

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Analysts polled by FactSet expected a loss of 11 cents a share. \n</p>\n<p>\n  Revenue rose 22% to $163.5 million, driven by growth in its material handling and electrolyzer businesses. Analysts expected $139.9 million. \n</p>\n<p>\n  In its material handling business, per-unit quarterly service costs for GenDrive Fuel Cells were down 30% year over year, the company said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Christopher Kuo at chris.kuo@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 11, 2026 16:17 ET (20:17 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4541","symbol_name":"氫能源","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2634155237","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2634155237","pubTimestamp":1778530620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Plug Power posted double-digit revenue growth driven by expansion in its material handling and electrolyzer businesses.The hydrogen solutions company on Monday posted a first-quarter loss of $245.3 million, or 18 cents a share, compared with a loss of $196.7 million, or 21 cents a share, a year earlier.Adjusted earnings came in at a loss of 8 cents a share. 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