Institutional Investors Retreat from Plug Power Amid Persistent Losses

Plug Power finds itself navigating turbulent waters once again. The hydrogen specialist faces mounting pressure despite reporting substantial revenue growth, as deep quarterly losses and a significant share sale by a major institutional investor unsettle the markets. While management projects it will finally reach profitability in the fourth quarter of 2025, investors are questioning whether this promised turnaround is achievable.

The company’s second-quarter 2025 results highlight a continuing challenge. Plug Power reported revenue of approximately $174 million, a figure that surpassed analyst expectations and represented a 21% year-over-year increase. A particular bright spot was the electrolyzer business, where revenue tripled to about $45 million.

However, this positive performance was overshadowed by a net loss of $227 million. The loss per share came... Read more...