Plug Power set for highest open in 7 months on adjusted loss beat

Plug Power

12/05/2026 13:56

Corrects headline to say smaller-than-expected loss

** Fuel cell maker Plug Power PLUG.O shares rise 12.2% to $3.94 premarket; to open at their highest since October 2025, if gains hold

** 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

** up to last close, PLUG up 78.9% YTD

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))