Plug Power Inc. announced its financial results for the second quarter ended June 30, 2025, reporting revenue of $173.97 million, an increase of 21% year-over-year. This growth was driven by broad hydrogen demand and strong performance across its GenDrive, GenFuel, and GenEco platforms.
The company's net loss narrowed to $227.1 million, or $0.20 per share. Plug Power highlighted substantial progress in gross margin improvement, attributing it to the impact of Project Quantum Leap initiatives, cost reductions, and optimized service execution.
Operational milestones included tripled electrolyzer sales and a total hydrogen production capacity of 40 TPD from its operational plants. Management emphasized the company's focus on operational discipline and its continued path toward achieving gross margin neutrality by the fourth quarter of 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.