Hydrogen fuel-cell firm Plug Power lifts 2026 revenue-growth forecast after stronger-than-expected second-quarter results.
Plug Power reported second-quarter earnings that exceeded Wall Street estimates, prompting the company to raise its 2026 revenue-growth outlook. Shares surged about 8% in premarket trading Tuesday, reversing a 3.2% decline to close at $2.11 on Monday.
Analysts had anticipated softer results amid broader sector challenges, but Plug Power’s performance outpaced expectations. The revised outlook reflects improved demand for hydrogen fuel-cell solutions, particularly in industrial and logistics applications.
The stock’s premarket gain suggests investor confidence in the company’s growth trajectory, though broader market conditions remain a key factor for sustained momentum.