PLUG POWER INC (PLUG) Form 8-K — Oct 15, 2026
Plug Power issued a preliminary Q3 2026 business update on October 15, 2026, reporting expected revenue growth of greater than 10% year-over-year and reaffirming full-year revenue growth guidance of approximately 15% to 16%. The company reported record-low net cash usage of approximately $28 million for Q3 2026 and ended the quarter with approximately $134 million in cash, notably without raising any proceeds via its ATM program or other equity or debt raises. Pipeline progress includes a 280 MW GenEco electrolyzer agreement with Arcadia eFuels in Denmark, a 50 MW order from Orica in Australia, and advancement of the ~$8 billion global electrolyzer opportunity funnel.
Key figures
- Guidance
- Full-year 2026 revenue growth of approximately 15% to 16%
- Revenue Yoy
- >10% Q3 2026 vs Q3 2025 (preliminary)
- Cash Position
- 134000000
- Net Cash Usage
- 28000000
- Fueling stations
- 280
- Fuel cell systems deployed
- 76000
- New electrolyzer contracts mw
- ["Arcadia eFuels 280 MW","Hy2gen 275 MW FEED","Orica 50 MW","Iberdrola 25 MW","Galp 100 MW"]
- Electrolyzer opportunity funnel
- approximately $8 billion
- Hydrogen production capacity tons per day
- 40
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