PLUG POWER INC 8K

Plug Power Inc. reported Q2 2026 results with improved margins, lower operating expenses and cash usage, raised 2026 revenue growth guidance to 15%–16%, and outlined asset monetization and financing actions to bolster liquidity while targeting positive EBITDAS in Q4 2026.

On August 10, 2026, Plug Power Inc. reported its unaudited financial and operational results for the second quarter of 2026, announcing net revenue of approximately $178 million, gross margin at roughly breakeven versus substantial negative margins a year earlier, about 50% year-over-year reduction in operating expenses to roughly $62 million, and net cash usage of approximately $61 million along with unrestricted cash of about $162 million at quarter end. The company highlighted significant operational progress across its material handling, electrolyzer, and hydrogen production businesses, including a 125% year-over-year increase in GenDrive fuel cell unit deployments, strong growth and positive margin in service revenue, and multiple large-scale electrolyzer project milestones and orders in Europe, the UK, and Australia. Plug also described ongoing asset monetization and non‑dilutive financing initiatives expected to provide about $80 million in near‑term liquidity (with roughly $47 million already received post‑quarter end) toward a total $275 million liquidity target, and raised its full‑year 2026 revenue growth guidance to 15%–16% while reiterating a target to achieve positive EBITDAS in the fourth quarter of 2026, supported by continued margin improvement, cost discipline, and a second‑half‑weighted commercial backlog.

Filing Facts

CIK

1093691

Ticker

-

Form

8K

Source Type

sec

Accession

0001104659-26-093339

Alert Tier

7