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Plug Power hits multi-month month high on smaller-than-expected loss

ReutersMay 12, 2026 2:00 PM
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Shares of fuel cell maker Plug Power PLUG.O rise as much as 7.4% to $3.78, their highest level since October 16 last year

Firm posts smaller-than-expected first-quarter loss as it benefited from its integrated hydrogen platform and steady demand across core markets

Reports first-quarter adjusted loss of 8 cents/share; analysts on an average expected 9 cents/share loss, according to LSEG-compiled data

PLUG anticipates ~$275 mln proceeds from hydrogen project asset monetization initiatives, including a previously announced agreement with Stream Data Centers

Net revenue of $163.5 mln beat est. $141.1 mln

Including session's move, PLUG up 85.26% YTD

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