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
Fuel cell technology Plug Power (NASDAQ:PLUG) announced better-than-expected revenue in Q1 CY2025, with sales up 11.2% year on year to $133.7 million. Guidance for next quarter’s revenue was better than expected at $160 million at the midpoint, 1.2% above analysts’ estimates. Its GAAP loss of $0.21 per share was 10.9% below analysts’ consensus estimates.
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Shares of fuel cell technology Plug Power (NASDAQ:PLUG) jumped 39.2% in the morning session after the company locked in a new loan of up to $525 million, boosting its cash pile and providing more headroom to support operations and future growth plans. It also shared strong early sales for the first quarter of 2025, beating Wall Street's estimates. Q1 2025 revenue guidance was estimated at around $130 million to $134 million.
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