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Plug Power (PLUG)
NASDAQ:PLUG
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.16Last Year’s EPS
-0.36Same Quarter Last Year
Based on 20 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 12, 2025
|% Change Since: -3.33%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
Plug Power demonstrated strong financial and operational performance in Q1 2025, with progress in hydrogen production and significant cost reductions. The company is strategically positioned in the European market, although it faces challenges with tariffs and US policy uncertainties.Company Guidance
During the Plug Power First Quarter 2025 earnings call, the company reported meeting its financial and operational targets despite a challenging macro environment. Revenue for Q1 was $134 million, aligning with guidance, and the company is projecting between $140 million to $180 million for the second quarter. Significant improvements were made in margins and cash burn, with the latter reducing by nearly 50% year-over-year. Plug Power's Quantum Leap program aims for over $200 million in annualized cost reductions. The company raised $280 million in equity and secured a $525 million structured financing facility to bolster liquidity. Additionally, Plug Power is actively navigating tariff impacts and engaging with policymakers on the future of hydrogen tax credits. The company also highlighted a $21 billion opportunity in Europe's electrolyzer market, driven by regulatory mandates and funded incentives, with Plug Power strategically positioned to capitalize on these opportunities.Revenue and Financial Performance
Plug Power met its Q1 2025 financial and operational targets with revenue at $134 million, in line with guidance. The company projects $140 million to $180 million in revenue for Q2. Cash burn was down nearly 50% year-over-year.
Progress in Hydrogen Production
The 15-ton per day Louisiana hydrogen plant was commissioned on time, and together with Georgia and Tennessee, the company now has 40 tons per day in internal production capacity.
Significant Cost Reduction Efforts
The Quantum Leap program targeted over $200 million in annualized run rate reductions, and most of these savings have been executed.
Strategic Position in Europe
Plug Power is strategically positioned in the European electrolyzer market, with significant opportunities in Denmark, Spain, Portugal, and the UK, supported by regulatory frameworks and subsidies.
Financial Flexibility and Infrastructure Support
In March, Plug Power raised $280 million in equity and secured a $525 million structured financing facility. The company holds nearly $300 million in unrestricted cash.
PLUG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PLUG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2025 | $0.90 | $0.81 | -10.00% |
Mar 03, 2025 | $1.61 | $1.50 | -6.83% |
Nov 12, 2024 | $1.99 | $1.91 | -4.02% |
Aug 08, 2024 | $2.08 | $2.08 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Plug Power (PLUG) report earnings?
Plug Power (PLUG) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Plug Power (PLUG) earnings time?
Plug Power (PLUG) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PLUG EPS forecast?
PLUG EPS forecast for the fiscal quarter 2025 (Q2) is -0.16.
