From Yahoo Finance: 2025-05-06 13:06:00

Plug Power is projecting muted revenue growth for Q1 and Q2, while trying to reduce cash burn. The stock has fallen for four straight months, with a wild ride in April. Despite recent business updates, investor sentiment remains low. However, preliminary numbers for Q1 sent the stock surging temporarily.

In April, Plug Power added a new client, STEF, deploying GenKey solutions at two cold-storage sites. The company also launched a hydrogen plant in Louisiana, aiming to reduce reliance on third-party suppliers. Despite these efforts, investor sentiment remains low, even after a surge in stock price following Q1 projections.

Projected revenue for Q1 and Q2 surpassed analysts’ estimates, leading to a temporary surge in stock price. Plug Power expects reduced cash burn and fewer share issues, with a net cash usage decrease in Q1. The company secured debt in April and plans to avoid issuing more shares in 2025, potentially aiding in stock recovery.

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Read more: Why Plug Power Stock Plunged Another 35% in April