Key Takeaways Plug Power's Q3 revenues from equipment and related products fell 9.7% year over year.Lower hydrogen infrastructure and cryogenic equipment demand led to the decline.Electrolyzer sales rose 13.2%, boosted by growing global and European market demand.Plug Power Inc. (PLUG) is facing challenges across several of its core product categories. In the third quarter of 2025, revenues from equipment, related infrastructure and other products declined 9.7% year over year to $96.8 million.The decrease i ...