Key Takeaways PLUG reported Q1 revenues of $133.7M, up 11.1% year over year, led by electrolyzer and cryogenic demand. Cash burn fell nearly 50% in Q1 2025, supported by pricing actions and supply-chain improvements. PLUG launched Project Quantum Leap to drive more than $200M in annualized savings and improve cash flow.Plug Power Inc. (PLUG) has been plagued by its inability to turn a profit, which has required it to raise outside capital for funding its operations. The company has been persistently suffe ...