Plug Power Reports $710 Million Revenue for 2025, Projects Positive EBITDA by Q4 2026
Plug Power Inc. reported $710 million in revenue for 2025, achieving positive margins in Q4. The company outlined strategic priorities for 2026, focusing on margin improvement and cash flow optimization. New CEO Jose Luis Crespo emphasized plans for sustainable financial performance, targeting positive EBITDA in Q4 2026 and full profitability by 2028. Plug Power operates on five continents with over 74,000 fuel cell systems and production facilities in Georgia, Tennessee, and Louisiana.
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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.
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