Plug reports Q1 2026 revenue growth and margin improvement
Revenue rose 22% to $163.5M, gross margin improved from -55% to -13%, and material handling demand strengthened.
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Green hydrogen and fuel cell solutions provider
plugpower.comLast updated
In short: Plug appointed Jose Luis Crespo as CEO and reported revenue growth for Q1 2026 while reaching major hydrogen storage and production milestones.
Revenue rose 22% to $163.5M, gross margin improved from -55% to -13%, and material handling demand strengthened.
The earnings call is scheduled for May 11 at 4:30 PM ET by webcast and phone.
The company exceeded its margin and EPS targets, with adjusted EPS of ($0.08).
Crespo previously served as President and Chief Revenue Officer, driving growth and margin improvement.
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