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Home/News Feed/Plug Power reports 22% revenue growth and 71% margin improvement in Q1 2026, targeting positive EBITDAS by Q4 2026.
PLUG
$2.22
+$0.01 +0.45%

Plug Power reports 22% revenue growth and 71% margin improvement in Q1 2026, targeting positive EBITDAS by Q4 2026.

Company Fundamentals
11 May 2026
GlobeNewsWire
View Source
Bullish
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Plug Power delivered strong Q1 2026 results with a 22% revenue increase to $163.5 million and a 71% improvement in GAAP gross margin year-over-year. The company improved adjusted EPS and advanced its hydrogen solutions business across material handling and electrolyzer segments, securing major projects and expanding its hydrogen production capacity. With over $800 million in cash and ongoing asset monetization, Plug Power aims to achieve positive EBITDAS by Q4 2026, focusing on margin expansion and profitable growth amid the global energy transition.

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Plug Power sells Texas project and advances New York deal, expects $80M liquidity boost soon

Plug Power sells Texas project and advances New York deal, expects $80M liquidity boost soon

Plug Power announced the sale of its Graham, Texas project to Stream Data Centers for up to $76.5 million and a staged closing of its New York Gateway Project sale. These transactions are part of a broader $275 million liquidity improvement plan thro...

Company Fundamentals
Bullish
2 days ago
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