Intel stock spikes after report of possible US government stake
Plug Power Inc. (NASDAQ:PLUG), currently trading at $1.58 with a market capitalization of $1.78 billion, held a conference call Monday to discuss its financial results for the second quarter ended June 30, 2025, according to a statement filed with the Securities and Exchange Commission. InvestingPro analysis indicates the company is quickly burning through cash, with negative EBITDA of $948.9 million in the last twelve months.
The company provided a transcript of the call as an exhibit to its current report on Form 8-K. The filing did not include any specific financial figures or detailed results within the body of the report. Plug Power’s common stock is listed on the Nasdaq Capital Market.
The information in the filing, including the conference call transcript, is not considered “filed” for purposes of Section 18 of the Exchange Act and is not subject to the liabilities of that section, as noted in the company’s statement.
This article is based on a press release statement included in Plug Power’s SEC filing.
In other recent news, Plug Power reported its second-quarter earnings for 2025, demonstrating a 21% increase in revenue year-over-year to $174 million, surpassing the forecast of $158.48 million. The company also showed improved gross margins, with a target of achieving gross margin neutrality by the fourth quarter of 2025. Analysts at Oppenheimer noted that Plug Power exceeded both revenue and gross margin expectations, highlighting progress toward profitability. Meanwhile, JPMorgan reiterated its Neutral rating due to concerns about higher-than-expected cash burn, despite revenue exceeding estimates. Wolfe Research maintained its Peerperform rating, expressing concerns over the delay in hydrogen production tax credit rules, which could slow market adoption. H.C. Wainwright, however, remains optimistic, maintaining a Buy rating with a $3 price target, citing improved service margins. The company attributes these improvements to its Project Quantum Leap initiative, which focuses on workforce optimization and cost reductions. Additionally, Plug Power plans to resume construction at its Texas facility by year-end, possibly with support from Department of Energy loans.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.