Plug Power signs 280 MW deal. Plug Power stock gains 1.17 percent
Published on 10/01/2026 at 11:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Plug Power (ISIN US72919P2020) was trading at EUR 1.73 at Lang & Schwarz on October 1, 2026 at 11:37 a.m. CEST, up 1.17 percent versus the prior close of EUR 1.71. On September 29, 2026, Plug Power signed a 280-megawatt GenEco electrolyzer supply agreement with Arcadia eFuels for Project ENDOR in Denmark, while Plug Power stock gained 1.17 percent in the Lang & Schwarz session.
Arcadia expands the electrolyzer pipeline
According to Plug Power on September 29, 2026, Arcadia also named Plug the preferred electrolyzer supplier for four additional projects representing more than 1 gigawatt of potential capacity in Europe and the Americas.
The immediate project is advancing toward a final investment decision, and deliveries will begin after a notice to proceed. That distinction matters: the 280 MW agreement is concrete, while the additional capacity remains a project pipeline tied to financing, permitting and construction milestones.
Revenue improves as losses stay heavy
StockTitan reported that Plug Power generated USD 178.3 million of revenue in the second quarter of 2026, up from USD 174.0 million in the second quarter of 2025. GAAP net loss narrowed to USD 188.2 million from USD 227.1 million over the same comparison, but operating activities still used USD 244.1 million during the first half of 2026.
The company raised its full-year 2026 revenue growth guidance to 15-16 percent and is targeting positive EBITDAS in the fourth quarter of 2026. For investors, the Arcadia announcement adds commercial scale to that outlook, but the cash-use figure shows why execution and financing remain central to the valuation.
Analysts see a wide valuation gap
MarketBeat reported on September 29, 2026 that seventeen brokerages held an average Hold recommendation and an average 12-month price target of USD 3.59. The same report listed seven Hold ratings, five Buy ratings, two Strong Buy ratings and three Sell ratings.
MarketBeat also said HC Wainwright reaffirmed a Buy rating and a USD 7.00 price target. The spread between that target and the broader USD 3.59 consensus highlights sharply different assumptions about project conversion, margins and cash needs.
Yahoo Finance lists November 9, 2026 as the next earnings date, giving the market a scheduled checkpoint for the guidance and cash-use targets.
Stock trades at EUR 1.73
Plug Power stock was trading at EUR 1.73 at Lang & Schwarz on October 1, 2026 at 11:37 a.m. CEST, up 1.17 percent versus the prior close of EUR 1.71. The market capitalization was USD 2.7 billion and the 52-week range was USD 1.70 to USD 4.58 as of September 30, 2026.
The further course of trading is shown by the continuously updated real-time quote of Plug Power stock.
Plug Power stock at a glance
- Company: Plug Power Inc.
- ISIN: US72919P2020
- Ticker: PLUG
- Primary exchange: NASDAQ
- Price Lang & Schwarz as of October 1, 2026, 11:37 a.m. CEST: EUR 1.73
- Change versus prior close: plus 1.17 percent
- Prior close Lang & Schwarz September 30, 2026: EUR 1.71
- Market capitalization: USD 2.7 billion as of September 30, 2026
- 52-week range: USD 1.70-4.58 as of September 30, 2026
- Sector / Industry: Industrials / Electrical Equipment and Parts
- Next earnings date: November 9, 2026
