Plug Power Inc is a leading provider of clean hydrogen and fuel cell systems that are aimed at advancing the adoption of renewable energy solutions for various industries. The company specializes in designing and manufacturing hydrogen fuel cell technology, which serves as a sustainable alternative to traditional battery power, particularly for electric vehicles and material handling equipment. Through its innovative products and services, Plug Power is committed to reducing carbon emissions and promoting the use of hydrogen as a clean energy source in order to support the growing demand for environmentally friendly energy solutions. Read More
Shares of fuel cell technology Plug Power (NASDAQ:PLUG) fell 6.5% in the afternoon session after an analyst at B. Riley lowered their earnings estimates for the company. The research firm reduced its second-quarter 2025 earnings per share (EPS) forecast for Plug Power, anticipating a loss of ($0.15) per share, down from a previous estimate of a ($0.12) loss. This more pessimistic view on the company's upcoming earnings adds to persistent investor concerns surrounding Plug Power's financial health and its challenging path to profitability.
Unprofitable companies can burn through cash quickly, leaving investors exposed if they fail to turn things around.
Without a clear path to profitability, these businesses risk running out of capital or relying on dilutive fundraising.
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Shares of fuel cell technology Plug Power (NASDAQ:PLUG) jumped 20.8% in the morning session after it announced a new multi-year enhanced supply agreement with a major U.S.-based industrial gas partner. The agreement, which extends the partnership through 2030, is set to secure a reliable supply of liquid hydrogen for Plug Power's growing business.
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Plug’s extension of agreement with a U.S.-based industrial gas company comes on the back of newly passed energy and tax legislation and helps Plug to strengthen margins and enhance operational flexibility.
Plug Power Inc. (NASDAQ: PLUG) renewed and expanded a supply agreement with a U.S.-based partner, aiming to cut costs and improve cash flow through 2030.
