Plug Power stock gains 2.37 percent on electrolyzer deal
Published on 09/30/2026 at 15:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Plug Power stock (ISIN US72919P2020) was trading at EUR 1.73 at Lang & Schwarz on September 30, 2026 at 3:35 p.m. CEST, up 2.37 percent from the prior close of EUR 1.69. The move followed a 280 MW electrolyzer agreement with Arcadia eFuels announced on September 29, 2026.
Arcadia deal expands hydrogen pipeline
According to Plug Power on September 29, 2026, the GenEco electrolyzers will support Project ENDOR at Denmark's Port of Vordingborg. The facility is designed to produce 110 tons of renewable hydrogen per day, which Arcadia plans to combine with captured carbon dioxide to make sustainable aviation fuel.
The same agreement positions Plug as the preferred electrolyzer supplier for four additional Arcadia projects in Europe and the Americas, representing more than 1 GW of potential capacity. Deliveries for ENDOR begin after a notice to proceed, while the project is advancing toward a final investment decision.
Q2 revenue reaches USD 178.3 million
Plug's second-quarter 2026 revenue was USD 178.3 million, compared with USD 174.0 million a year earlier, while GAAP net loss narrowed to USD 188.2 million from USD 227.1 million, according to Stock Titan. The revenue comparison represents growth of 2.47 percent, while the loss reduction was 17.13 percent.
The improvement gives the Arcadia announcement a financial test. Plug is adding project capacity to its hydrogen platform, but the initial order remains tied to project milestones and does not yet establish a reported revenue contribution.
Analysts see a USD 3.59 target
MarketBeat reported on September 29, 2026 that seventeen brokerages held a consensus rating of Hold and an average 12-month price target of USD 3.59. The same report cited targets ranging from USD 1.65 to USD 7.00, showing a wide gap in expectations around Plug's path to profitability.
Plug Power stock gains 2.37 percent
At Lang & Schwarz, Plug Power stock was trading at EUR 1.73 on September 30, 2026 at 3:35 p.m. CEST, up 2.37 percent versus the prior close of EUR 1.69. Plug Power's market capitalization was USD 2.7 billion, and its 52-week range was USD 1.70 to USD 4.58 as of September 30, 2026.
Plug Power stock facts
- Company: Plug Power Inc.
- ISIN: US72919P2020
- Ticker: PLUG
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of September 30, 2026, 3:35 p.m. CEST: EUR 1.73
- Change versus prior close: plus 2.37 percent
- Prior close Lang & Schwarz September 29, 2026: EUR 1.69
- Market capitalization: USD 2.7 billion as of September 30, 2026
- 52-week range: USD 1.70 to USD 4.58 as of September 30, 2026
- Sector / Industry: Industrials / Electrical Equipment and Parts
