#fuel-cells

#fuel-cells

Plug Power reported Q1 2026 revenue of $163.51 million, up 22% year over year (YoY) and beating the $139.76 million consensus. Adjusted EPS came in at -$0.08 versus the -$0.1033 estimate. Plug Power's GAAP gross margin improved to -13% from -55% in the prior-year quarter, a 42 percentage point swing. CEO Jose Luis Crespo stated, "Our first quarter results reflect strong commercial execution and continued progress improving the underlying economics of the business and positions us to achieve our EBITDAS positive target in Q4 2026."

Aerospace engineer KR Sridhar always dreamed big: He used to work with NASA on technology to convert carbon dioxide into oxygen to support life on other planets or let humans breathe air on Mars. But as the Soviet Union fell and the space race slowed, Sridhar pivoted to providing clean energy technology for the rising global middle class. He cofounded Ion America in 2001-renamed Bloom Energy five years later-with a focus on fuel cells that deliver cleaner, on-site, off-grid power.