Hydrogen fuel cell developer Plug Power Q2 revenue beats street view

Plug Power

11/08/2025 21:10

Overview

Plug Power Q2 rev grows 21% yr/yr, beating analyst expectations, per LSEG data

Co posted net loss of $227.1 mln despite improved gross margin

Execution of Project Quantum Leap helps optimize costs and improve performance

Outlook

Plug expects gross margin breakeven by Q4 2025

Company anticipates GenDrive fuel cell bookings growth in H2 2025

Plug sees new revenue opportunities from Energy Transition business in H2 2025

Improved hydrogen supply agreement to support better margins in H2 2025

Result Drivers

HYDROGEN DEMAND - Revenue growth driven by robust demand for GenDrive fuel cells and GenEco electrolyzer platforms

PROJECT QUANTUM LEAP - Cost structure gains achieved through workforce optimization and facility consolidation

MARGIN IMPROVEMENT - Significant gross margin improvement due to service cost reductions and better hydrogen pricing

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$174 mln
$157.90 mln (19 Analysts)
Q2 EPS
-$0.2


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 13 "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 $1.68, about 9.9% above its August 8 closing price of $1.51

Press Release: ID:nGNX6wc1zC

(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.)