Renewable Energy 11 February 2026 - 29 March 2026

Plug Power shares ended Friday at $2.18, marking a four-day losing streak. Chief Executive Jose Luis Crespo reiterated the hydrogen company’s goals: Plug still targets positive EBITDA—earnings before interest, taxes, depreciation and amortization—in the fourth quarter of 2026, with full profitability set for 2028. Timing is key here. Plug is looking to extend the momentum from its strong fourth-quarter gross margin but keep a lid on cash burn, now under the direction of a new CEO who stepped in on March 2. The company finished 2025 holding $368.5 million in unrestricted cash. Plug says cash from a planned data-center asset sale will help cover its operations into 2026.

Shares of Plug Power fell roughly 2.6% Tuesday, hovering around $2.25 and wiping out much of Monday’s 3.6% gain. The latest slide comes as investors weigh the hydrogen company’s fresh turnaround pitch. Plug recently said two of its executives are heading to Roth’s annual growth conference to meet with institutional investors and talk strategy, market stance, and financials. Even with Monday’s brief pop, the stock is still sitting about 50% below its 52-week peak of $4.58. Plug is catching scrutiny at a tricky moment. Not long after Jose Luis Crespo took the helm as CEO, the company logged roughly $710 million in 2025 revenue. Fourth quarter gross margin landed at 2.4%—the first time it’s crept into positive territory. That metric, which tracks what’s left after direct costs, has finally flipped.

Plug Power Inc. shares hovered at $2.32 early Thursday. The hydrogen fuel-cell company ended March 18 at $2.32, slipping 0.43% for the session, though the stock had clawed back nearly 8% since March 13. Still, that’s a long way from its October peak of $4.58—about half, in fact. It’s a crucial moment for Plug, now pitching investors on the idea that improved margins and asset sales might finally spark a sustainable turnaround. The company’s March 2 earnings release showed fourth-quarter revenue up 17.6% to $225.2 million. Gross profit swung to $5.5 million, climbing above zero as direct costs dropped out. As for cash — Plug finished 2025 with $368.5 million in unrestricted funds.

Plug Power shares slipped to $2.21, off 0.4%, Friday morning. The hydrogen firm’s exit from its STAMP project in western New York drew renewed scrutiny after a local report surfaced this week. Plug is making its case to investors now, aiming to show real progress in its turnaround after years in the red. The company posted $5.5 million in gross profit for the fourth quarter and reiterated its goal of hitting EBITDA-positive territory by the close of 2026. EBITDA—earnings before interest, taxes, depreciation and amortization—remains a standard yardstick for operational health. For 2025, Plug ended up with $368.5 million in unrestricted cash, having burned through $535.8 million from operations.

NEW YORK, Feb 23, 2026, 06:43 EST — Premarket Plug Power shares fell early Monday, deepening recent volatility for the hydrogen fuel-cell firm. Investors are backing away from risk, and the company’s financing needs aren’t helping sentiment.