Business UpdateJun 11, 2026, 08:56 AM
Plug Power Targets Positive EBITDAS by YE 2026, Operating Income by YE 2027
AI Summary
Plug Power Inc. held its 2026 annual meeting of stockholders on June 11, 2026, where CEO and President Jose Luis Crespo provided a corporate overview and discussed strategic priorities. The company outlined clear financial targets, aiming for positive EBITDAS by the end of 2026, positive operating income by the end of 2027, and overall profitability by the end of 2028. These targets are supported by operational improvements from Project Quantum Leap, which has already led to positive gross profit in Q4 2025 and a significant reduction in cash usage.
Key Highlights
- Plug Power held its 2026 annual meeting of stockholders on June 11, 2026.
- Company targets positive EBITDAS by the end of 2026.
- Company targets positive operating income by the end of 2027.
- Company targets overall profitability by the end of 2028.
- Achieved positive gross profit in Q4 2025.
- Reduced cash usage by approximately 50% versus 2024.
- Progressing on electrolyzer projects, including 100 MW Galp Energia (Portugal).
- Operating hydrogen plants in Georgia (15TPD), Louisiana (15TPD), and Tennessee (10TPD).
Price Impact
More from PLUG