Plug Power Reports Continued Business Progress, Sets Dates for Third Quarter 2026 Earnings Call and Global Plug Symposium
Key Highlights
- ➤Q3 revenue expected to grow more than 10% year over year
- ➤Full-year 2026 revenue growth guidance maintained at approximately 15% to 16%
- ➤Q3 net cash usage approximately $28 million, with $134 million cash
- ➤280 MW GenEco electrolyzer supply agreement signed for Denmark’s Project ENDOR
- ➤Third-quarter 2026 earnings call scheduled for November 9
Expert Statements
Jose Luis Crespo, Chief Executive Officer of Plug Power
“Throughout 2026, we have remained focused on strengthening Plug's financial foundation through disciplined execution,”
Jose Luis Crespo, Chief Executive Officer of Plug Power
“Our progress across sales, margin and cash burn demonstrates that the actions we are taking are delivering results.”
Jose Luis Crespo, Chief Executive Officer of Plug Power
“As we move through the fourth quarter, we remain focused on improving operating leverage, managing cash and delivering on our commercial commitments while building our pipeline for 2027 and beyond.”
Jose Luis Crespo, Chief Executive Officer of Plug Power
“Hydrogen's role in the global energy landscape is increasingly defined by real projects and customer needs,”
Jose Luis Crespo, Chief Executive Officer of Plug Power
“Our Symposium will bring together industry perspectives and practical solutions that can help build a more resilient energy future.”
* Company remains on track with 2026 revenue growth guidance, supported by continued margin improvement and a record low net cash usage of approximately $28M * Third quarter earnings call scheduled for November 9, 2026 * Plug Symposium 2026: Resilient Energy, Real Solutions scheduled to take place digitally on November 19, 2026 SLINGERLANDS, N.Y., Oct. 15, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, is providing an update today on its 2026 business progress, highlighting improvements across three key business priorities: sales growth, margin enhancement, and improved cash flows. The Company is also sharing details for its upcoming third quarter earnings call scheduled for November 9 and Plug Symposium 2026 scheduled for November 19.
"Throughout 2026, we have remained focused on strengthening Plug's financial foundation through disciplined execution," said Jose Luis Crespo, Chief Executive Officer of Plug. "Our progress across sales, margin and cash burn demonstrates that the actions we are taking are delivering results. As we move through the fourth quarter, we remain focused on improving operating leverage, managing cash and delivering on our commercial commitments while building our pipeline for 2027 and beyond."
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