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Plug Power Stock Slides as CEO Crespo Reaffirms 2028 Profit Path
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Plug Power Stock Slides as CEO Crespo Reaffirms 2028 Profit Path
Plug Power shares fell to $2.18 Friday, capping a four-day slide, as CEO Jose Luis Crespo reaffirmed targets for positive EBITDA in late 2026 and full profitability in 2028. The company reported $368.5 million in unrestricted cash at 2025’s end and expects $132.5 million from a data-center asset sale. Plug posted a 2025 net loss of $1.63 billion despite a fourth-quarter gross profit. The post Plug Power Stock Slides as CEO Crespo Reaffirms 2028 …
Key Takeaways: Plug Power reported its first-ever positive gross margin, a key milestone for the hydrogen fuel cell company. New CEO Jose Luis Crespo has announced a $275 million asset monetization plan. A short squeeze may be amplifying the rally—nearly 25% of the outstanding shares are shorted. Analysts have raised their earnings estimates in response to improved momentum. Crespo has set targets for positive EBITDA by the end of 2026, positive…
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