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Plug Power Inc. announced financial results for the fiscal year 2025, reporting $710 million in revenue and positive margins in Q4. The company is focused on improving margins and cash flows through Project Quantum Leap, which includes operational optimization and pricing increases.

Under new CEO Jose Luis Crespo, Plug aims for positive EBITDA in Q4 2026 and full profitability by 2028. The company has a global sales pipeline exceeding $8 billion and operates production facilities in Georgia, Tennessee, and Louisiana, with over 74,000 fuel cell systems deployed worldwide.