Plug Power Nears Gross Margin Breakeven; Material Handling 'Continues to Be a Bright Spot' - Plug Power (

Shares of Plug Power Inc (NASDAQ: PLUG) were trading higher on Tuesday, after the company reported its second-quarter results.

The company’s overall gross margins approached breakeven levels, driven by strong Material Handling demand for fuel cells and management's cost reduction initiative, according to BTIG.

The Plug Power Analyst: Analyst Gregory Lewis maintained a Neutral rating on the stock.

The Plug Power Thesis: The company’s Material Handling solutions delivered their strongest quarter since the third quarter of 2023, Lewis said in the note.

Check out other analyst stock ratings.