Overview

* Plug Power ( PLUG ) 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $174 mln $157.90

Revenue 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 ( PLUG ) is $1.68, about 9.9% above its August 8 closing price of $1.51

Press Release:

(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.)