Plug Power(US:PLUG) ZACKS·2025-11-11 01:00Core Insights - Plug Power reported revenue of $177.06 million for the quarter ended September 2025, reflecting a 1.9% increase year-over-year and a 4.14% surprise over the Zacks Consensus Estimate of $170.02 million [1] - The company’s EPS was -$0.12, an improvement from -$0.25 in the same quarter last year, with a surprise of 7.69% over the consensus estimate of -$0.13 [1] Revenue Breakdown - Equipment sales and related infrastructure generated $96.77 million, falling short of the estimated $98.03 million, representing a 9.7% decrease year-over-year [4] - Revenue from services on fuel cell systems and related infrastructure was $19.74 million, exceeding the average estimate of $15.47 million, marking a 39.5% increase year-over-year [4] - Power purchase agreements contributed $24.6 million, surpassing the $21.2 million estimate, with a year-over-year increase of 20.3% [4] - Fuel delivered to customers and related equipment accounted for $35.91 million, exceeding the estimated $32.53 million, reflecting a 20.6% increase year-over-year [4] - Other revenue was only $0.02 million, significantly below the estimated $0.77 million, indicating a drastic year-over-year decline of 98.9% [4] Profitability Metrics - Gross profit from power purchase agreements was -$20.97 million, worse than the estimated -$14.39 million [4] - Gross profit from fuel delivered to customers and related equipment was -$28.48 million, compared to the estimated -$19.54 million [4] - Gross profit from other sources was $0.01 million, below the estimated $0.35 million [4] Stock Performance - Plug Power's shares have decreased by 22.5% over the past month, while the Zacks S&P 500 composite has increased by 0.3% [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [3]