Plug Power received two analyst price target increases in one week, reflecting improved business economics under its Project Quantum Leap cost-cutting plan. Susquehanna raised its target to $3.75 after strong Q1 2026 results showing 22% revenue growth and significant margin improvements. CEO Jose Luis Crespo expects positive EBITDAS by Q4 2026 and full profitability by 2028, supported by asset sales. Despite risks like high cash burn and accumulated deficits, the stock's recent rally and analyst optimism signal cautious confidence in the company's turnaround.
Fuel cell stocks, including FuelCell Energy, Plug Power, and Bloom Energy, declined sharply midweek following significant gains over the past year. FuelCell Energy led the drop with a 10% fall, reflecting profit-taking after an 85% rise in the last m...
Kuehn Law is investigating Plug Power Inc. for allegedly misleading shareholders about the availability of funds from a Department of Energy (DOE) loan and the company's plans to build hydrogen production facilities. The lawsuit claims that insiders ...
Plug Power has sold a $39.2 million federal investment tax credit linked to its St. Gabriel hydrogen liquefaction facility in Louisiana, following a similar $30 million sale earlier in 2025. This move is part of the company's strategy to improve liqu...
Plug Power has sold a $39.2 million federal investment tax credit linked to its St. Gabriel hydrogen liquefaction facility in Louisiana, enhancing its liquidity and capital efficiency. This move is part of Plug Power's strategy to optimize capital de...
