Plug Power

Q2 FY2026 EarningsQ2 FY2026 performance was mixed compared to consensus, with revenue of $178.3M beating the $169.1M expected by 5.43%. However, profitability was significantly impacted by non-cash charges, resulting in a Diluted EPS (GAAP) of -$0.14 vs. the -$0.08 expected. A major highlight was the recovery of $39.7M in previously impaired assets, though this was offset by $103.5M in fair value losses on warrants and convertible debt. Management confirmed the termination of the $1.66B DOE loan guarantee, shifting focus to strategic asset monetization, such as the $40M HV electrical infrastructure sale.