Plug Power’s Path to Profitability: A Critical Timeline Emerges

After a prolonged period of investor uncertainty, Plug Power has delivered a definitive timeline for achieving a crucial financial milestone. The hydrogen technology company, known for its consistent negative margins and cash burn, now projects it will reach gross margin breakeven by the conclusion of the fourth quarter in 2025.

Management has clarified that the goal is to exit 2025 with a run-rate basis gross margin at breakeven. This specific phrasing indicates an ambition to finish the year operating at a level where revenues equal the cost of goods sold, marking a significant step toward overall profitability. Recent quarterly results provide early evidence of this trajectory. For Q2 2025, the company reported a gross margin of -31%, a substantial improvement from the severe... Read more...