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Why Plug Power Stock Popped Today
The Motley Fool·
Plug Power's stock rose 5.21% after the hydrogen fuel cell maker lifted its full-year growth targets. The company reported strong quarterly results with service revenue surging 82% to $30 million, fuel revenue climbing 15% to $39 million, and GenDrive fuel cell unit deployments jumping 125% year-over-year. Gross margin improved to breakeven from negative 31%, driven by cost-cutting initiatives and production efficiency gains. Plug now projects 15%-16% full-year revenue growth for 2026 and remains on track to achieve positive EBITDA in Q4.
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