Plug Power undoubtedly made progress in the second quarter, but challenges remain. The company still has a negative gross margin, meaning it spends more to make products than it earns in revenue. Plug aims to reach a break-even gross margin rate by the fourth quarter of this year.

Q2 2025 Earnings Call Transcript August 11, 2025 Plug Power Inc. misses on earnings expectations. Reported EPS is $-0.16 EPS, expectations were $-0.15. Operator: Greetings, and welcome to the Plug Power Second Quarter Earnings Conference Call webcast.

Consensus projections indicate a significant improvement in the company’s performance for this quarter. Analysts anticipate revenue of $158 million and an adjusted loss of $0.16 per share, a positive comparison to the same quarter last year, during which revenue stood at $143 million and the adjusted loss was $0.34 per share.