Plug Power Advances 4% on Biggest Electrolyzer Project Yet and Clear Path to Profitability

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Plug Power (NASDAQ:PLUG) stock rose 4% after securing its largest electrolyzer contract to date for Hy2gen’s Courant project in Quebec, a 275 MW GenEco PEM electrolyzer system. The company’s new CEO, Jose Luis Crespo, aims for positive EBITDAS by Q4 2026 and full profitability by the end of 2028, backed by a significant improvement in Q4 2025 gross margin. Despite these positive developments, the company still faces material risks from ongoing securities litigation and a substantial accumulated deficit.

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