Earnings Reports 3 February 2026 - 4 February 2026

July 10, 2026, 12:26 PM EDT. Shares of Plug Power Inc. fell 5.5% to $2.25 after Susquehanna cut its price target on the stock to $2.50 from $3.75, wiping about $1.75 billion off the implied equity value. The 50-MW electrolyzer order from Orica Ltd. makes up less than 16% of Plug's installed base and hydrogen output isn't expected until 2029. The company didn't spell out when revenue might hit. Broker sentiment is mixed, with Morgan Stanley bumping its own target up to $1.65, but keeping its Underweight call. For Q1, revenue rose 22% to $163.5 million with gross margin losses narrowing to negative 13%. Plug's cash burn is still at $150 million, and investors are watching valuation, cash, and margins as the stock continues to struggle.