PLUG news

Plug Power reported continued Q3 business progress with significant margin improvements and notable net cash usage reduced to approximately $28 million, indicating operational discipline. This aligns with management's forecast for sustained improvement through the fourth quarter.

Plug Power and Stream US Data Centers amended a purchase agreement to push the closing date to March 31, 2027. This extension provides additional time to complete title commitments and deposit releases.

CEO Jose Luis Crespo outlined profitability milestones and hydrogen expansion strategy at annual meeting. Company targets overall profitability by 2028 with margin improvements across equipment, service, and hydrogen businesses.