Plug Power, Inc.
PLUG
Jodie read · what matters now
Revenue increased 22.3% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to PLUG, and whether its market group begins moving.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-05-11 against the comparable filing from 2025-05-12.
What improved
- Revenue increased 22.3% versus the comparable filing period.
- The operating loss narrowed by 69.0M.
What weakened
- Operating cash flow remained negative at -150.0M.
- Cash declined 72.7M versus the comparable period.
- Net margin fell 2.9 percentage points.
Filing receipts
“Partially offsetting these increases, the cost of revenue related to sales of fuel cell systems and cost of revenue related to sales of cryogenic equipment and liquefiers decreased during the three months ended March 31, 2026 primarily due to the decreases in volume described above as well as decreased labor and overhead costs resulting from the Company’s restructuring activities.”
“The decrease in gross loss was primarily due to an increase in the average selling price of fuel, decreased cost of purchased fuel and an increase in internal fuel production, which inherently costs less than purchased fuel. Expenses Research and development.”
“The decrease in gross loss was primarily due to improved pricing and the reduction in cost described above. Cost of revenue – fuel delivered to customers and related equipment .”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind PLUG
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 3 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
PLUG is currently a Participant in the organic co-movement group Aerospace & Quantum Tech. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for PLUG; it is not active in the latest market snapshot.
Theme membership history
No durable theme membership has been observed for this name yet.