markets

Luke Kawa11/10/25

Plug Power reports modestly positive Q3 results after topsy-turvy session

Plug Power is little changed in after-hours trading after posting Q3 results a bit ahead of estimates.

The on-again, off-again meme stock and hydrogen fuel cell company reported:

Revenue: $177.1 million (compared to estimates for $175.05 million)
Adjusted earnings per share: -$0.12 (estimate: -$0.13)

In its Q2 results, Plug has set a goal of achieving gross margin breakeven on a run-rate basis as an exit rate for Q4 2025 (that is, ending the quarter in a position where revenues at least equal the cost of goods sold). This goal was not reiterated in the press release for Q3.

Plug popped double digits in premarket trading earlier today after announcing that it “has signed a non-binding Letter of Intent to monetize its electricity rights in New York and one other location and collaborate with a US data center developer.” However, that news was apparently overshadowed by another tidbit in the release: that Plug would be abandoning its pursuit of a $1.7 billion loan guarantee from the US Department of Energy (and along with it, projects that would have boosted its hydrogen production).

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J. Edward Moreno7/7/26

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.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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

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Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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