Overview

* Plug Power ( PLUG ) Q3 revenue was $177 mln, missing analyst expectations

* Adjusted EPS for Q3 improved to a loss of $0.12 per share

* Company completed $370 mln capital raise, reflecting investor confidence

Outlook

* Plug Power ( PLUG ) aims for EBITDAS-positive results in the second half of 2026

Result Drivers

* ELECTROLYZER GROWTH - GenEco electrolyzer revenue increased 46% sequentially, contributing significantly to Q3 revenue

* PRICING ENHANCEMENTS - Continued pricing improvements helped drive revenue and reduce operational cash burn

* PROJECT QUANTUM LEAP - Strategic initiatives improved margin and cash flow, despite $226 mln in related charges

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $177.06 $179.54

Revenue mln mln (20

Analysts

)

Q3 Net -$363.51

Income mln

Q3 -$348.79

Income mln

from

operatio

ns

Q3 -$363.41

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 14 "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 $3.00, about 11.7% above its November 7 closing price of $2.65

Press Release:

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(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.)