Analysts are optimistic about hydrogen following the passing of President Trump’s One Big Beautiful Bill (OBBB), which includes tax cuts for clean energy projects. Plug Power, a key player in hydrogen fuel cells, stands to benefit. The OBBB provides a 30% credit on fuel cell purchases and extends the hydrogen production tax credit.

Plug Power, reporting Q2 earnings on Aug. 11, develops hydrogen fuel cell systems for electric vehicles and equipment. The company has a market cap of $1.73 billion and is expanding its green hydrogen ecosystem. Concerns over financials have impacted PLUG stock, which has declined by 29% this year.

Despite financial concerns, Plug Power reported Q1 earnings with net revenue up 11.2% YoY. The company remains unprofitable with a gross loss of $73.86 million. Recent partnerships aim to secure a long-term hydrogen supply and improve profitability. Q2 revenue is expected to be between $140 million and $180 million.

Wall Street analysts predict Plug Power’s loss per share to narrow by 58.3% YoY in Q2. Although analysts raise price targets, they maintain a cautious outlook. The consensus rating is “Hold,” with a price target of $1.95, representing a 29% potential upside. Jefferies and Susquehanna analysts have raised price targets with cautious optimism.

Read more at Yahoo Finance: Dear Plug Power Stock Fans, Mark Your Calendars for August 11