Plug Power (PLUG) Today: Q3 Results Set the Stage for a $275M Liquidity Pivot, Data‑Center Push, and Fresh Analyst Calls [Nov 11, 2025]
Plug Power reported Q3 revenue of $177 million and a net loss, then announced plans to unlock over $275 million by monetizing electricity rights and shifting focus to data-center backup power. The company will pause DOE loan pursuits and reallocate capital, citing a non-binding agreement with a major U.S. data-center developer. Wall Street reaction was mixed, with some analysts raising price targets. CEO transition to José Luis Crespo is underway.