Plug posts near break-even gross margin for Q2, ups revenue guidance

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

Plug Power's Q2 gross margins near breakeven as Material Handling reached strongest quarter since Q3 2023; $178M revenue beat consensus by 5%. Company raised full-year revenue guidance to 15-16% growth and confirmed Q4 positive EBITDA, backed by ~20k fuel cell replacement cycles from major customers over three years.