Plug Power (PLUG) reported Q1 2026 results, beating expectations. Adjusted EPS came in at -$0.08, versus the -$0.10 forecast, a 20% positive surprise.
Revenue reached $163.5 million, exceeding the anticipated $147.97 million. Following the release, shares surged 14.1% in after-hours trading to $3.56.
Revenue grew 22% year-over-year, driven by a 343% jump in electrolyzer revenue. Gross margin improved 42 percentage points compared to last year.
The company expects 13%-15% full-year sales growth, with positive EBITDA targeted for Q4 2026.
