Plug Power Remains Plagued by Margin Woes: Can It Buck the Trend?

Key Takeaways Plug Power's Q3 gross margin fell to negative 67.9% as losses widened and cost pressures persisted.High equipment costs, fuel delivery expenses and $97M in impairments further hurt Plug Power.Plug Power targets lower input costs and expanded electrolyzer and hydrogen plant capacity to recover.Plug Power Inc. (PLUG) continues to grapple with persistent margin challenges despite undertaking cost-control initiatives. The company is focusing on improving its supply chain, optimizing its workforce ...