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Plug Power's Green Energy Comeback: A New Leap
Description
Plug Powers hydrogen fuel cell business shows promising signs with a 22% year-over-year revenue increase, driven by strong sales in material handling, electrolyzers, and hydrogen fuel. Gross margins turned positive at 13%, and the company aims to achieve positive EBITDAS by Q4 2026. Despite investor cautiousness due to a 84% stock decline over the past five years, management targets 13-15% revenue growth for the year. The companys progress could signal a green energy comeback, but one misstep could quickly dampen hopes.
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