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
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(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.)