---
title: "Earnings Preview | Plug Power Q3 Earnings Per Share Loss Expected to Widen 48% Year-on-Year, Revenue Estimated at $170 Million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265091281.md"
description: "Plug Power will announce its Q3 2025 financial report on November 10, expecting a loss of $0.13 per share, an increase of 48% year-on-year, with revenue expected to be $170 million, a decline of 2.1% year-on-year. Analysts have collectively revised their earnings estimates, with varying expectations for net income and fuel cell system services. Overall, the trend of earnings estimate revisions is strongly correlated with the short-term price performance of the stock"
datetime: "2025-11-10T08:07:13.000Z"
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  - [en](https://longbridge.com/en/news/265091281.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265091281.md)
---

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# Earnings Preview | Plug Power Q3 Earnings Per Share Loss Expected to Widen 48% Year-on-Year, Revenue Estimated at $170 Million

According to the Zhitong Finance APP, Plug Power (PLUG.US), a global leader in hydrogen economy integrated solutions, will announce its Q3 2025 earnings after the market closes on November 10. The market predicts that the company's Q3 earnings per share will show a loss of $0.13, an increase of 48% compared to the loss in the same period last year; revenue is expected to be $170.02 million, a decline of 2.1% year-on-year.

It is noteworthy that the market's general expectation for earnings per share for this quarter has been raised by 2% over the past 30 days, reflecting a collective revision of performance forecasts by analysts during this period.

Before the company releases its financial report, it is necessary to consider any adjustments made to earnings estimates. This is a valuable factor in predicting investors' potential reactions to the stock. Empirical research consistently shows a strong correlation between earnings estimate revision trends and short-term stock price performance.

In terms of specific business metrics, analysts' average forecasts indicate that "net revenue (equipment, related infrastructure, and others)" will reach $98.03 million, a decrease of 8.5% compared to the same period last year; while "net revenue from fuel cell systems and related infrastructure services" is expected to be $15.47 million, an increase of 9.3% year-on-year.

Additionally, "net revenue from power purchase agreements" may reach $21.2 million, an increase of 3.6% compared to the same period last year; "net revenue (including fuel and related equipment delivered to customers)" is expected to be $32.53 million, an increase of 9.2% year-on-year.

It is worth noting that the expected "gross profit from fuel cell systems and related infrastructure services" is only $160,000. In contrast, the company reported $5.06 million in the same period last year

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