This Hydrogen Stock's Turnaround Is Further Away Than Wall Street Thinks
Investors should be wary of Plug Power's comeback.
Overview
Under new CEO Jose Luis Crespo, Plug Power (NASDAQ: PLUG) seems to be staging an impressive turnaround.
In 2025, under its former CEO, the popular hydrogen stock posted a massive $1.7 billion loss. Compare that figure to Plug Power's $3.2 billion market cap, and you can quickly appreciate the company's dire financial position.
Details
Last quarter, however, Plug Power posted a loss of just $188 million, a run rate below $800 million per year. While not an obvious cause for celebration, narrowing losses suggest the company is headed in the right direction. Gross profit came in at negative $1.7 million, a sizable improvement to the $53.5 million gross loss posted the year prior.
Source
Originally published at www.fool.com.