Plug Power hits multi-month month high on smaller-than-expected loss

Plug Power

12/05/2026 15:00

Updates

** Shares of fuel cell maker Plug Power PLUG.O rise as much as 7.4% to $3.78, their highest level since October 16 last year

** Firm posts smaller-than-expected first-quarter loss as it benefited from its integrated hydrogen platform and steady demand across core markets

** Reports first-quarter adjusted loss of 8 cents/share; analysts on an average expected 9 cents/share loss, according to LSEG-compiled data

** PLUG anticipates ~$275 mln proceeds from hydrogen project asset monetization initiatives, including a previously announced agreement with Stream Data Centers

** Net revenue of $163.5 mln beat est. $141.1 mln

** Including session's move, PLUG up 85.26% YTD

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))