Plug Power Inc. reported second quarter 2026 financial results, announcing net revenue of approximately $178 million, representing sequential growth of roughly 9%. Gross margin improved to breakeven from negative levels in prior periods, while operating expenses declined approximately 50% year over year to $62 million. Net cash usage decreased by about 58% sequentially to $61 million, with unrestricted cash standing at $162 million at quarter end. The company raised its full-year 2026 revenue growth guidance to a range of 15% to 16% and targets positive EBITDAS in the fourth quarter of 2026. Additionally, Plug Power announced asset monetization transactions expected to generate $80 million in near-term liquidity. The company operates in the hydrogen energy industry, designing and building integrated ecosystems for production, storage, delivery, and power generation.

Plug Power Inc. amended its Gateway Agreement with Stream US Data Centers, LLC to restructure a New York real property sale for a fixed price of $142.0 million by March 31, 2027. Additionally, the company entered into a new $50.0 million agreement to sell real property in Graham, Texas, which includes a potential contingent earnout of up to $26.5 million. As of June 30, 2026, the company reported preliminary, unaudited cash and cash equivalents of approximately $162 million. Plug Power Inc. provides hydrogen fuel cell systems and related infrastructure.

Plug Power Inc. stockholders at the June 11, 2026, annual meeting approved an amendment to the 2021 Stock Option and Incentive Plan to increase the number of shares reserved for the plan, from 91,400,000 to 116,400,000 shares. The meeting also elected Class III Directors, Director Kavita Mahtani resigned, Director Colin Angle reclassified from Class III to Class I to rebalance board class sizes. Plug Power Inc. operates in the hydrogen fuel cell industry and provides green hydrogen solutions.