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Plug Power ( (PLUG) ) has shared an update.
On August 11, 2025, Plug Power reported its financial results for the second quarter of 2025, highlighting a 21% year-over-year revenue increase to $174 million, driven by strong demand across its platforms. The company made significant strides in improving gross margins, reducing them from negative 92% to negative 31%, and emphasized its commitment to operational efficiencies under Project Quantum Leap. Plug Power is on track to achieve gross margin neutrality by the fourth quarter and aims for $700 million in revenue for the year. The company is also expanding its hydrogen generation network and securing early-stage agreements in its electrolyzer business, positioning itself as a leader in the growing hydrogen economy.
The most recent analyst rating on (PLUG) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Plug Power stock, see the PLUG Stock Forecast page.
Spark’s Take on PLUG Stock
According to Spark, TipRanks’ AI Analyst, PLUG is a Neutral.
Plug Power’s overall stock score reflects significant financial challenges, including negative profitability and cash flow inefficiencies. However, recent earnings call and corporate events provide a positive outlook with strategic cost reductions and market opportunities, particularly in Europe. Technical indicators and valuation remain mixed, highlighting ongoing risks.
To see Spark’s full report on PLUG stock, click here.
More about Plug Power
Plug Power Inc. operates in the hydrogen and fuel cell industry, focusing on providing comprehensive hydrogen solutions. The company is known for its GenDrive, GenFuel, and GenEco platforms, and is actively involved in expanding its hydrogen generation network and electrolyzer business.
Average Trading Volume: 106,522,259
Technical Sentiment Signal: Sell
Current Market Cap: $1.81B
For an in-depth examination of PLUG stock, go to TipRanks’ Overview page.