Plug Power (PLUG) Releases Q3 2026 Earnings: Revenue In Line, Mixed Profitability

Plug Power Inc. $PLUG reported third-quarter 2026 revenue of $200.6 million, up 13.3% from a year earlier and roughly in line with Wall Street’s $202.8 million estimate. The company also posted a net income figure of $99.8 million, though operating performance remained under pressure.

Profitability metrics were mixed, with gross profit of -$5.4 million and operating loss of -$75.3 million. Cost of sales came in at $206.0 million, while diluted earnings per share was flat at $0.00, compared with an expected loss per share of -$0.07.

Cash flow stayed negative, with operating cash outflow of -$76.4 million. Capital spending was limited at -$3.3 million, and the balance sheet showed cash and cash equivalents of $134.1 million along with total liabilities of $1.4 billion.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Investivoq.

Plug Power Inc. Insider Trading Activity

Plug Power Inc. insiders have traded $PLUG stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $PLUG stock by insiders over the last 6 months:

• BENJAMIN HAYCRAFT (CSO & GM EMEA) has made 0 purchases and 4 sales selling 241,935 shares for an estimated $509,697.
• MAUREEN O HELMER sold 50,000 shares for an estimated $161,620

To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

Plug Power Inc. Hedge Fund Activity

We have seen 231 institutional investors add shares of Plug Power Inc. stock to their portfolio, and 203 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• BLACKROCK, INC. added 31,939,194 shares (+21.0%) to their portfolio in Q2 2026, for an estimated $86,555,215
• RENAISSANCE TECHNOLOGIES LLC removed 15,958,700 shares (-57.5%) from their portfolio in Q2 2026, for an estimated $43,248,077
• HRT FINANCIAL LP removed 11,866,225 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $32,157,469
• SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 11,588,495 shares (+inf%) to their portfolio in Q2 2026, for an estimated $31,404,821
• UBS GROUP AG removed 8,466,203 shares (-20.4%) from their portfolio in Q2 2026, for an estimated $22,943,410
• BARCLAYS PLC removed 5,846,011 shares (-53.4%) from their portfolio in Q3 2026, for an estimated $11,341,261
• PRICE T ROWE ASSOCIATES INC /MD/ added 5,474,459 shares (+395.2%) to their portfolio in Q2 2026, for an estimated $14,835,783

To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

Plug Power Inc. Price Targets

Multiple analysts have issued price targets for $PLUG recently. We have seen 2 analysts offer price targets for $PLUG in the last 6 months, with a median target of $2.075.

Here are some recent targets:

• Arthur Sitbon from Morgan Stanley set a target price of $1.65 on 07/09/2026
• Michael Blum from Wells Fargo set a target price of $2.5 on 05/19/2026