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Plug Power shares rise after Q1 earnings beat, while peers FuelCell and Bloom Energy dip.

Company Fundamentals
12 May 2026
24/7 Wall Street
View Source
Bullish
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Plug Power's shares initially jumped 9% following a strong Q1 2026 earnings report, with revenue up 22% year-over-year and adjusted EPS beating estimates. The company also improved its gross margin significantly and expects $275 million from asset sales. Despite today's gains, Bloom Energy leads the sector year-to-date with a 222% increase, followed by FuelCell Energy and Plug Power. Investors should watch for Plug Power's asset sales closing and its Q4 2026 EBITDAS target as key milestones.

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