Yahoo Finance | Plug Power Advances 4% on Biggest Electrolyzer Project Yet and Clear Path to Profitability

Plug Power Advances 4% on Biggest Electrolyzer Project Yet and Clear Path to Profitability

Plug Power (PLUG) stock jumped to $2.50 on a landmark 275 MW electrolyzer contract for Hy2gen’s Courant project in Quebec; it’s the company’s largest FEED deal to date, with construction starting 2027 and commissioning in 2029.

Plug Power’s new CEO targets positive EBITDAS by Q4 2026 and full profitability by end of 2028, backed by Q4 2025 gross margin swing to +2.4% from -122.5% YoY.

Read more: https://finance.yahoo.com/sectors/energy/articles/plug-power-advances-4-biggest-150725720.html

#plugpower #quebec #securitieslitigation