PLUGPlug Power Inc.
Price
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Survival is the story here: start there
Quality mixed, hard red flags, growing in the filings, the market against it.
Plug is building an end-to-end clean hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cells, the Company has deployed more than 74,000 fuel cell systems, primarily through material handling applications, and operates more than 275 fueling stations.
In the company’s own words · 10-K filed Mar 2, 2026 · SEC EDGAR
Charts
As reported to the SEC, without any scoring.
Plug Power Inc. (PLUG) reported revenue of $178M in Q2 2026 (quarter ended Jun 30, 2026), up 2.5% from the same quarter a year earlier. That came with a gross margin of −0.9% and net loss of $188M. For the full year FY2025, revenue was $710M (+13% year on year) and net income −$1.63B. Its largest product in Q2 2026 was Fuel Delivered To Customers And Related Equipment at $39M, 22% of the disclosed total, just ahead of Sales Of Fuel Cell Systems at 18%. The next results filing is expected around Nov 9, 2026, the same week as a year ago.
What the company said
The company's own words from its current reports to the SEC, newest first
- Sep 23, 2026On September 17, 2026, Dean C. Fullerton notified Plug Power Inc., a Delaware corporation (the “Company”), that he will be resigning as Chief Operating Officer of the Company, effective October 23, 2026, to accept a position at another company.Director or officer change · Form 8-K
- Aug 10, 2026Reports Revenue of ~$178 Million, ~Break-Even Gross Margin, Net Cash Usage of ~$61 Million and Increases Revenue Guidance for 2026.Earnings release · press release
- Jul 13, 2026New York Gateway Project As previously disclosed, on February 24, 2026, Plug Power Inc., a Delaware corporation, and its wholly owned subsidiary, Plug Project Holding Co., LLC, a Delaware limited liability company (together with Plug Power Inc., the “Company”), entered into a Purchase and Sale Agreement and Joint …Material agreement entered · Form 8-K
Quoted from SEC EDGAR filings. A current report is filed within four business days of the event it describes.
Business segments
Q2 2026 · $178.3MThe company’s own SEC segment disclosure.
- Fuel Delivered To Customers And Related Equipment$39.5M22%
- Sales Of Fuel Cell Systems$31.9M18%
- Services Performed On Fuel Cell Systems And Related Infrastructure$29.8M17%
- Power Purchase Agreements$26.9M15%
- Sale Of Cryogenic Equipment$26.7M15%
- Sale Of Electrolyzers$13.2M7%
- Other (3)$10.2M6%
Why these answers
Each answer with the checks it was read from. Open one for the numbers.
Conflicts between checks are named, never averaged, and thin data says so.
Electrical Equipment & Parts
Ranks #13 of 19 by RyuScore