Plug Power is shifting focus towards efficiency, aiming to save $150-200 million annually and improve profitability. The company secured deals, such as a liquid hydrogen contract with NASA. Their Project Quantum Leap aims to streamline operations and target higher-profit products like electrolyzers for heavy industrial producers. Through Sept. 30, Plug Power saw 61% growth in electrolyzer sales revenue. They recently landed a significant deal with Carlton Power in the UK for green hydrogen projects. This move aligns with the UK’s goal to achieve 10 GW of low-carbon hydrogen production by 2030. Plug Power also snagged a contract with NASA to supply liquid hydrogen. Despite past financial struggles, Plug Power is focused on enhancing business efficiency, aiming for a breakeven gross margin by year-end and positive earnings by next year. Management is optimistic about higher-quality projects and engagement, signaling a potential turnaround. Investors should monitor Plug Power’s progress closely to assess its profitability.

Read more at Yahoo Finance: Is Plug Power Stock a Buy Now?