PLUG stock (Plug Power Inc., NASDAQ) $1.91 close Feb 24 2026: earnings preview ahead of March 2 report

PLUG stock closed at $1.91 on the NASDAQ in the United States on Feb 24 2026, up 3.80% on volume of 85,015,734 shares. Investors are focused on Plug Power Inc.’s (PLUG) upcoming earnings on March 2, 2026, with Zacks expecting EPS of -0.10 and revenue of $220.68 million. This earnings spotlight will test management’s progress toward Project Quantum Leap and cost savings claims.

Earnings setup and consensus for PLUG stock

Analysts expect Plug Power Inc.’s quarter to show a smaller loss and revenue growth. Zacks projects EPS -0.10 and revenue $220.68 million, a +15.3% year-over-year revenue rise. Zacks reports an Earnings ESP of +41.93%, which raises the odds of an EPS beat but does not guarantee a rally source.

Financials and valuation points for PLUG stock

Plug Power shows trailing EPS -2.38 and a trailing PE of -0.80, reflecting persistent losses. Price to sales is 2.97 and price to book is 1.59. The company carries enterprise value $2.83 billion and market cap $1,974,744,397.00, which reflect investor bets on future hydrogen growth.

Operational progress, risks and PLUG earnings drivers

Management highlights Project Quantum Leap to cut costs $150.00–$200.00 million annually and focus on electrolyzers and material handling. Key execution risks include slower hydrogen adoption, capital intensity, and share dilution history. Recent reports flag continuing cash burn and equity raises as notable downside catalysts.

Technical and trading picture for PLUG stock

PLUG stock has a 50-day average $2.17 and a 200-day average $1.94, with a year high $4.58 and low $0.69. Momentum indicators show RSI 44.07 and ADX 17.98, signaling no clear trend. Average volume runs 97,472,295 shares, so volatility and liquidity remain high around news events.

Meyka AI grade and analyst consensus on PLUG stock

Meyka AI rates PLUG with a score out of 100. Meyka AI rates PLUG with a score of 64.73 out of 100 — Grade B, HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Street coverage lists 6 buys, 2 holds, 1 sell, for a consensus score of 3.00, indicating mixed views.

Catalysts to watch in the earnings report and PLUG outlook

Look for guidance on electrolyzer backlog, hydrogen plant timelines, and Project Quantum Leap savings. Management commentary on customer wins and long-term service contracts will shape the outlook. Short interest and legal notices may add headline volatility; check short-interest updates before trading source.

Final Thoughts

Key takeaways: PLUG stock trades at $1.91 and faces a pivotal earnings release on March 2, 2026. Zacks expects EPS -0.10 and revenue $220.68 million, and an Earnings ESP of +41.93% increases the odds of a beat. Meyka AI’s forecast model projects monthly $1.82, implying -4.71% versus the current price, and a quarterly projection of $1.28, implying -32.98%. Meyka AI’s forecasts are model-based projections and not guarantees. Investors should weigh potential upside from execution wins against capital intensity and consistent losses. For quick reference, Plug Power operates in the Industrials sector on NASDAQ in the United States and reports trailing EPS -2.38 and PE -0.80. Use the March 2 call to judge whether revenue growth and cost actions produce a credible path to sustainable profit. Meyka AI, an AI-powered market analysis platform, will update coverage after the report.

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Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.