Tiger Brokers

Plug Power Raises FY26 Outlook, Narrows Loss

Dow Jones
Aug 11

Plug Power raised its full-year revenue guidance, as the company narrowed its loss and reported higher revenue in its second quarter.

The hydrogen solutions company on Monday raised its revenue growth target to between 15% and 16%.

The company posted a loss of $188.2 million, or 14 cents a share, compared with a loss of $227.1 million, or 20 cents a share, a year earlier.

Adjusted earnings were a loss of 7 cents a share. Analysts polled by FactSet expected a loss of 8 cents a share.

Revenue rose to $178.3 million from $174 million, driven by an increase in fuel sales. Analysts polled by FactSet expected $169.1 million.

Chief Executive Jose Luis Crespo said the company was expanding its installed material handling base, which builds its recurring revenues through recruitment replacements, service and hydrogen fuel.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10