Prediction: You Won't Recognize Plug Power in 2028. Should You Buy the Hydrogen Stock Before It's Too Late?

Plug Power, a hydrogen fuel cell company that has never been profitable in 25 years, claims it will achieve profitability by 2028 through its Project Quantum Leap turnaround plan. Q1 2026 results show progress with 22% revenue growth and reduced operating losses, but the company still faces challenges from high debt servicing costs and the capital-intensive nature of green hydrogen production. Analysts remain cautious about whether the ambitious 2028 profitability target is achievable.