Plug Power Inc ( PLUG ) shares are trading lower Thursday as the market continues to digest a mixed third-quarter earnings report and cautionary analyst commentary regarding the company’s path to profitability. Here’s what investors need to know.

PLUG is encountering selling pressure. View the charts here.

What To Know: In its report released earlier this week, the hydrogen fuel cell developer posted a quarterly loss of 12 cents per share, slightly beating analyst expectations. However, revenue came in at $177.05 million, missing Wall Street’s projection of $179.53 million.

Sentiment is further weighed down by JPMorgan analyst Bill Peterson, who warned of “extended stock volatility.” This caution follows Plug's strategic pivot to pause its Department of Energy loan application. Instead, the company is prioritizing immediate liquidity, aiming to raise over $275 million through asset monetization, including a deal to sell electricity rights to a data center developer.

While management highlighted reduced cash burn and a 46% sequential increase in electrolyzer revenue, executives reaffirmed that gross-margin breakeven is not expected until the end of 2025, with positive EBITDA targeted for late 2026. This extended timeline appears to be driving this week’s sell-off.

Benzinga Edge Rankings: Reinforcing the current bearish sentiment, Benzinga Edge data signals a negative short-term price trend and a weak Growth score of 13.72.

PLUG Price Action: Plug Power ( PLUG ) shares were down 8.05% at $2.51 at the time of publication on Thursday, according to Benzinga Pro data.

Read Also: Plug Power To Monetize Electricity Rights In New York, Stock Soars

How To Buy BE Stock

By now you're likely curious about how to participate in the market for Plug Power ( PLUG ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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