AI Earnings Predictions for Plug Power Inc. (PLUG)

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

Plug Power Reports Continued Business Progress, Sets Dates for Third Quarter 2026 Earnings Call and Global Plug Symposium

·Company remains on track with 2026 revenue growth guidance, supported by continued margin improvement and a record low net cash usage of approximately $28M

·Third quarter earnings call scheduled for November 9, 2026

·Plug Symposium 2026: Resilient Energy, Real Solutions scheduled to take place digitally on November 19, 2026

SLINGERLANDS, N.Y., October 15, 2026 – Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, is providing an update today on its 2026 business progress, highlighting improvements across three key business priorities: sales growth, margin enhancement, and improved cash flows. The Company is also sharing details for its upcoming third quarter earnings call scheduled for November 9 and Plug Symposium 2026 scheduled for November 19.

"Throughout 2026, we have remained focused on strengthening Plug's financial foundation through disciplined execution," said Jose Luis Crespo, Chief Executive Officer of Plug. "Our progress across sales, margin and cash burn demonstrates that the actions we are taking are delivering results. As we move through the fourth quarter, we remain focused on improving operating leverage, managing cash and delivering on our commercial commitments while building our pipeline for 2027 and beyond."

2026 Business Progress and Priorities

Plug continues to execute against its three key business objectives, with progress through the third quarter and continued focus on year-end performance:

·Sales: Based on preliminary, unaudited estimates, Plug expects meaningful revenue growth in Q3 2026 of greater than 10% versus Q3 2025. Progress on sales and pipeline growth suggest the Company is on track to achieve its previously communicated full-year revenue growth guidance of approximately 15% to 16%, supported by commercial execution across material handling, electrolyzers and hydrogen supply.

·Margin: The Company has demonstrated gross margin improvement over the past two quarters and expects continued year-over-year progress in Q3 2026, reflecting the focus on cost reductions and improved operating leverage.

·Cash: Based on preliminary, unaudited estimates, Plug’s net cash usage for Q3 2026 was approximately $28 million, marking continued improvement for the year. Plug ended Q3 2026 with approximately $134 million in cash and cash equivalents (excluding restricted cash). The Company did not raise any proceeds through its at-the-market (ATM) offering program or generate proceeds from other equity or debt capital raises during the quarter. Hence, this net cash usage for the third quarter reflects overall operating results and fundamental improvement, which the Company believes supports its forecast for continued improvement in Q4 2026.

Looking ahead, Plug remains focused on sustaining progress across all three objectives in the fourth quarter and going forward, with an emphasis on disciplined cash management, minimizing capital expenditures, and strengthening its operating performance.

Pipeline Developments

Plug continues to advance its global GenEco electrolyzer pipeline, converting commercial opportunities into projects across sustainable fuels, ammonia production and industrial hydrogen applications.

Recent developments include:

·Arcadia eFuels: Signed a 280 MW GenEco electrolyzer supply agreement for Project ENDOR in Denmark, alongside a strategic cooperation agreement positioning Plug as the preferred supplier for more than 1 GW of potential e-SAF projects across Europe and the Americas.

·Hy2gen: Advancing front-end engineering design (FEED) for the 275 MW Courant project in Québec, Canada, supporting renewable ammonia and ammonium nitrate production.

·Orica: Secured a 50 MW GenEco electrolyzer order for the Hunter Valley Hydrogen Hub in Australia, following the project's final investment decision (FID).

·Iberdrola and Galp: Continuing execution and commissioning activities for the 25 MW Iberdrola and bp project in Spain and the 100 MW Galp project in Portugal.

These developments reinforce Plug's approximately $8 billion global electrolyzer opportunity funnel and demonstrate continued commercial progress across multiple markets. While project timelines vary, particularly for complex, first-of-a-kind developments, Plug remains focused on advancing opportunities through key milestones and converting its pipeline into revenue, supporting its near- and mid-term growth objectives.

Plug's Third Quarter 2026 Earnings Call

Plug will announce its third quarter 2026 financial results on November 9, 2026, followed by a conference call and webcast.

·Date: Monday, November 9, 2026

·Time: 4:30 p.m. ET

·Dial-in: 877-407-9221 (U.S. toll-free) / +1 201-689-8597 (international)

·Webcast: https://event.choruscall.com/mediaframe/webcast.htm

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

Plug Reports Revenue of ~$178 Million, ~Break-Even Gross Margin, Net Cash Usage of ~$61 Million and Increases Revenue Guidance for 2026

SLINGERLANDS,

N.Y., Aug. 10, 2026 – Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today reported second quarter 2026 results. As compared to the prior year and prior quarter, the Company delivered higher revenue, significant gross margin expansion, substantially lower operating expenses, and lower net cash usage. This was coupled with ongoing disciplined capital management and continued commercial execution across its core businesses.

"Our second quarter results demonstrate that Plug is executing its transformation into a stronger, more efficient and profitable company," said Jose Luis Crespo, Chief Executive Officer of Plug Power. "We delivered revenue growth, improved gross margins, reduced operating expenses, strengthened liquidity, and advanced major commercial milestones across our core businesses. We continue to expand our installed material handling base, which also builds our recurring revenues through equipment replacements, service, and hydrogen fuel. Our electrolyzer pipeline continues to expand, and we see an increasing conversion rate. Given the historically second-half-weighted cadence of our business and the strength of our commercial backlog, we are raising our full-year 2026 revenue growth guidance to a range of 15% to 16%. We believe we are on track to achieve our positive EBITDAS target in the fourth quarter of 2026."

Key Second Quarter Highlights

Second quarter results reflect continued execution of Plug's strategy to improve profitability while continuing to grow our revenue streams across our core businesses in material handling, hydrogen production, and electrolyzers.

·Gross margin improved to ~breakeven compared to ~(31%) in the prior-year period and ~(13%) in the first quarter of 2026. Equally important, this demonstrates that our breakeven threshold continues to lower as we improve margins.

·Operating expenses declined ~50% year over year to ~$62 million, representing continued execution of cost discipline coupled with our ongoing focus on asset monetization.

·Net revenue was ~$178 million, which reflects quarterly growth sequentially of ~9%.

·GAAP

EPS was $(0.14) compared to prior year of $(0.20).

·Adjusted EPS was ($0.07) compared to prior year adjusted EPS of ($0.18) (see the reconciliation in the attached financial tables).

Commercial & Operational Execution

Plug continued translating its commercial pipeline into executed projects while expanding its global hydrogen platform.

Material Handling

Plug's material handling business continues to demonstrate strong commercial momentum, supported by an expanding installed base and increasing recurring revenue.

Quarter Highlights

·Deployed 1,666 GenDrive fuel cell units in the quarter, more than doubling deployments of 739 units in Q2 2025 (up 125% year over year).

·Two of Plug's largest material handling customers are planning to refresh more than 20,000 GenDrive units over the next three years, creating a significant recurring revenue opportunity as customers upgrade to Plug's newest generation fuel cell technology.

·Service revenue grew 82% year over year to ~$30 million, demonstrating the increasing value of Plug's expanding installed base and growing recurring aftermarket revenue.

·Service margin was 27% positive for the quarter. The Company has seen continued improvement in unit performance driven from increased reliability and in turn this is enabling the Company to increase units per service tech profiles, which drives improved overhead leverage.

GenEco Electrolyzers

Plug continued converting its commercial pipeline into executable projects, demonstrating increasing customer confidence in large-scale PEM electrolyzer deployments.

Quarter Highlights

·We announced the FID of the 30 MW Barrow Green Hydrogen project for Carlton Power in the UK. This is part of the 55 MW awarded in November 2025. We expect the additional 25 MW to reach FID in 2026.

·We announced the selection for the 275 MW GenEco FEED scope on Hy2gen's Courant Project in Québec.

·On July 7, 2026 we announced that Plug secured a 50 MW GenEco electrolyzer order following Final Investment Decision for Orica's Hunter Valley Hydrogen Hub, Australia's largest renewable hydrogen project to reach FID which builds on the commercial momentum in Q2.

·Advanced execution on major deployments, with the 100 MW GALP project in Portugal and the 25 MW Iberdrola and BP project in Spain continuing to progress through commissioning activities.

Hydrogen Production

Plug continued strengthening its vertically integrated hydrogen platform, supporting growing customer demand while improving production efficiency and expanding recurring fuel revenue.

Quarter Highlights

·Fuel revenue increased ~15% year over

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