Earnings ·
Reports Q3 net cash usage of $28M and expects >10% revenue growth
PLUGPlug Power Inc
Plug Power Inc. issued a press release providing preliminary, unaudited business updates for the third quarter ended September 30, 2026. The company reported net cash usage of approximately $28 million, marking continued improvement in cash flow management. Management expects meaningful revenue growth of greater than 10% year-over-year, positioning the firm on track to achieve its full-year guidance of 15% to 16% growth. Gross margin is also expected to show year-over-year progress due to cost reductions and improved operating leverage. The company ended the quarter with approximately $134 million in cash and cash equivalents. Plug Power will announce formal financial results on November 9, 2026. Plug Power Inc. operates in the hydrogen economy sector, providing electrolyzers, fuel cell systems, and hydrogen production and storage solutions.