Plug Power Reported In-line with Expectations

Plug Power (PLUG) reported a loss of $0.21 per share on revenue of $133.67 million for the first quarter ended March 2025. The consensus estimate was a loss of $0.20 per share on revenue of $132.12 million. The Earnings Whisper number was a loss of $0.21 per share. The company reported in-line with expectations while revenue grew 11.15% on a year-over-year basis.

The company said it continues to expect second quarter revenue of $140.0 million to $180.0 million. The current consensus revenue estimate is $160.37 million for the quarter ending June 30, 2025.

Plug Power Inc provides alternative energy technology. The Company is engaged in the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market.