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Plug Power jumps after Q1 revenues surprise to the upside

Plug Power just released Q1 results.

Luke Kawa

5/11/26 4:17PM

Plug Power is jumping in postmarket trading after reporting better-than-expected Q1 sales.

The hydrogen fuel cell company announced:

Revenue of $163.5 million, compared to analyst estimates of $139.7 million.
An adjusted loss per share of $0.08, in line with estimates.

Though the company hasn’t made as much headway in acting as a supplier to AI data centers as peer Bloom Energy, bulls are certainly hoping that this will change as the boom goes on.

Plug Power is among the most heavily bet-against companies in the Russell 3000, with about one-quarter of its shares sold short as of mid-April, per exchange data.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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