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Home/News Feed/Plug Power stock rises 6% on positive gross margin and asset sales plan amid sector momentum.
PLUG
$2.21
-$0.00 -0.23%

Plug Power stock rises 6% on positive gross margin and asset sales plan amid sector momentum.

Market News
02 Apr 2026
24/7 Wall Street
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Bullish
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Plug Power's stock climbed 6% to about $2.40, driven by its first positive gross margin in recent memory and a $275 million asset monetization plan aimed at reducing cash burn. The company reported Q4 FY2025 revenue growth of 17.63% and is targeting profitability by 2028 under new CEO Jose Luis Crespo. Additionally, Plug Power is repositioning its hydrogen assets to serve AI data centers, benefiting from falling U.S. Treasury yields and renewed investor interest in hydrogen energy. Despite these positives, risks remain from ongoing lawsuits and a history of significant losses, making the asset sales in early 2026 a key test for the company's turnaround.

More News (PLUG)

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
3 days ago
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