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Can Plug Power's Equipment Recovery be a Driver for Long-Term Growth?
ZACKS· 2025-10-23 00:21
Key Takeaways Plug Power's equipment sales rose 29.2% year over year in Q2 to $99.2 million.Electrolyzer revenues more than tripled to $45 million, driving the quarterly rebound.GenEco projects span 230 megawatts across Europe, Australia and North America.Plug Power Inc. (PLUG) is well-placed to benefit from the recovery in its equipment business, driven by robust sales growth. After a 7% year-over-year decline in equipment and related infrastructure sales in the first quarter of 2025, the company reported ...