Plug Power (PLUG) reported $225.22 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 17.6%. EPS of -$0.06 for the same period compares to -$1.65 a year ago.
The reported revenue represents a surprise of +2.06% over the Zacks Consensus Estimate of $220.68 million. With the consensus EPS estimate being -$0.10, the EPS surprise was +41.92%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Plug Power performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net revenue- Sales of equipment, related infrastructure and other: $111.63 million versus $139.92 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -19.2% change.
- Net revenue- Services performed on fuel cell systems and related infrastructure: $41.48 million compared to the $17.1 million average estimate based on four analysts. The reported number represents a change of +246.7% year over year.
- Net revenue- Power purchase agreements: $36.13 million versus the four-analyst average estimate of $23.66 million. The reported number represents a year-over-year change of +86.2%.
- Net revenue- Fuel delivered to customers and related equipment: $33.64 million compared to the $35.76 million average estimate based on four analysts. The reported number represents a change of +68.9% year over year.
- Net revenue- Other: $2.34 million versus $0.77 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +13.1% change.
- Gross profit- Sales of equipment, related infrastructure and other: $-2.78 million compared to the $-1.95 million average estimate based on four analysts.
- Gross profit- Other: $1.11 million compared to the $0.33 million average estimate based on four analysts.
- Gross profit- Fuel delivered to customers and related equipment: $-25.04 million versus the four-analyst average estimate of $-17.49 million.
- Gross profit- Power purchase agreements: $-1.83 million compared to the $-15.08 million average estimate based on four analysts.
View all Key Company Metrics for Plug Power here>>>
Shares of Plug Power have returned -13% over the past month versus the Zacks S&P 500 composite's -1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Plug Power, Inc. (PLUG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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