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XETRA:PUMG.DE 27 January 2026

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  • Plug Power Shares Dip Despite Denmark Electrolyzer Deployment
    June 26, 2026, 5:10 PM EDT. Plug Power (NASDAQ:PLUG) shares fell 1.17% to $2.54 on June 26, marking a decline of roughly 11% since June 18 amid investor concerns over cash burn, scale, and substantial short interest. The company recently commissioned a 5 MW GenEco PEM electrolyzer in Denmark, contributing less than 2% to its global 320 MW capacity. This project is seen as a test rather than an immediate revenue driver, aiming to standardize and improve deployment execution. Q1 revenue rose 22% to $163.5 million, with improved gross margins, but high cash burn persists, with only $223 million in unrestricted cash from $802 million total. Short interest remains high at 25.5% of the float, though options market sentiment shows reduced bearishness.

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Plug Power (NASDAQ:PLUG) slides despite Denmark contract

Plug Power (NASDAQ:PLUG) slides despite Denmark contract

26 June 2026
Plug Power shares slid 1.17% to $2.54 Friday, marking five straight declines and an 11% drop since June 18, as investors weigh the small scale of its new 5 MW Denmark electrolyzer—less than 2% of its global base—against persistent cash burn, high short interest near 25% of float, and a looming Q2 report with an expected 8-cent loss per share.
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