Plug Power Rises 9% and Retreats: Is It Outperforming Other Fuel Cell Stocks Like FuelCell Energy and Bloom Energy?

"Plug Power reported Q1 2026 revenue of $163.51 million, up 22% year over year (YoY) and beating the $139.76 million consensus. Adjusted EPS came in at -$0.08 versus the -$0.1033 estimate. Plug Power's GAAP gross margin improved to -13% from -55% in the prior-year quarter, a 42 percentage point swing. CEO Jose Luis Crespo stated, "Our first quarter results reflect strong commercial execution and continued progress improving the underlying economics of the business and positions us to achieve our EBITDAS positive target in Q4 2026.""

"Management at Plug Power also pointed to roughly $275 million in expected asset monetization proceeds. That includes about $142 million from a Stream Data Centers deal expected to close in June and $39.2 million from an investment tax credit sale targeted by the end of May."

"Bloom Energy, the leader of the group in 2026, is taking a small breather today. BE stock posted a one-week move of -2% heading into Tuesday, despite a one-month gain of 70%. Bloom Energy reported blowout Q1 2026 numbers on April 28, with revenue of $751.05 million (up 130% YoY). The company raised FY2026 revenue guidance to $3.4 billion to $3.8 billion, powered by AI hyperscaler demand."

"FuelCell Energy is pulling back after Monday's sharp move. FCEL stock carries a one-week gain of 12% and a one-month surge of 128%, reflecting the broader sector ent"

Plug Power shares jumped early after reporting Q1 2026 results, then eased while still ending higher. Q1 2026 revenue reached $163.51 million, up 22% year over year and above consensus, with adjusted EPS of -$0.08 versus an estimated -$0.1033. GAAP gross margin improved to -13% from -55% in the prior-year quarter. Management cited commercial execution, progress improving underlying economics, and a path to an EBITDAS positive target in Q4 2026. The company also referenced expected asset monetization proceeds of about $275 million, including a Stream Data Centers deal and an investment tax credit sale. Bloom Energy and FuelCell Energy declined on the day despite strong recent momentum.

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