Plug Power Inc. (NASDAQ:PLUG) shares fell after the company released a mixed third-quarter earnings report after Monday's closing bell.
Here's a look at the details in the report.
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The Details: Plug Power reported quarterly losses of 12 cents per share, which beat the analyst estimate for losses of 13 cents.
Quarterly revenue came in at $177.05 million, which missed the Street estimate of $179.53 million by 1.38 percent. This is a 1.91 percent increase over sales of $173.730 million the same period last year.
GenEco electrolyzer revenue totaled approximately $65 million for the quarter, a 46% sequential increase over the second quarter of 2025 and a 13% increase year-over-year.
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“Plug continues to execute, follow through on its commitments, and prove the viability of hydrogen at scale,” said Andy Marsh, CEO of Plug Power.
“This was a strong quarter that demonstrates Plug’s global growth and commercial traction,” said Jose Luis Crespo, president and incoming CEO.
“Our revenue performance reflects accelerating customer adoption and sets a solid foundation to meet our year-end goals as we continue driving the hydrogen economy forward,” Crespo added.
PLUG Stock Price: According to data from Benzinga Pro, Plug Power stock was up 0.78% at $2.58 in extended trading on Monday.
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