Plug Power Reports Q1 2026 Earnings with Revenue Growth and Improved Margins
Plug Power (PLUG) reported first-quarter earnings for 2026 showing a significant revenue increase of $163.5 million, up 22% year-over-year, driven by growth in material handling, electrolyzers, and hydrogen fuel sales. The company also improved its gross margin to -13%, reflecting cost reductions under Project Quantum Leap.
Topics: electrolyzer growth gross margin improvement material handling platform revenue