Every Plug Power Investor Should Keep an Eye on This Number

Group 1 - Plug Power has successfully sold its fuel cells and hydrogen business, but its stock has declined by approximately 43% this year, contrasting with the S&P 500's increase of over 24% [1] - Management projects that by the end of 2025, Plug Power will improve its gross margin from a negative 57% in 2023 to a range of negative 20% to negative 5%, with a positive gross margin run rate by year-end [2][6] - There is skepticism regarding management's optimistic forecasts, as previous projections have not materialized, leading to cautious investor sentiment [3][4] Group 2 - If Plug Power meets its 2025 gross profit guidance, it could support management's belief in achieving profitability on an EBITDA basis by the end of 2026 and positive operating income by the end of 2027 [7] - Bloom Energy, a competitor, is already generating a gross profit and is closer to achieving positive EBITDA, making it a potentially more attractive option for growth investors seeking lower risk in the fuel cell and hydrogen sector [8]