Plug Power posts preliminary Q3 cash update and reaffirms 2026 growth outlook
Plug Power said preliminary, unaudited Q3 2026 revenue rose by greater than 10% year over year, while net cash usage was approximately $28 million. The company ended the quarter with approximately $134 million in cash and cash equivalents and maintained its full-year 2026 revenue-growth guidance of approximately 15% to 16%. Plug also disclosed electrolyzer projects including a 280 MW agreement with Arcadia eFuels, a 275 MW Quebec project with Hy2gen, and a 50 MW contract for Orica's Hunter Valley facility in Australia.
Why it matters
The update provides preliminary operating and liquidity figures before Plug Power releases full Q3 results on November 9, 2026. The company also said it raised no equity or debt capital during the quarter, so the reported cash usage and ending cash balance will be key inputs for investors assessing near-term funding needs.
Key facts
- 1Plug Power reported preliminary, unaudited Q3 2026 revenue growth of greater than 10% versus Q3 2025. tradingview.com
- 2Q3 net cash usage was approximately $28 million, according to Plug Power's preliminary, unaudited figures. investing.com
- 3Plug Power ended Q3 with approximately $134 million in cash and cash equivalents, excluding restricted cash. tradingview.com
- 4The company reaffirmed approximately 15% to 16% full-year 2026 revenue growth guidance. tradingview.com
- 5Plug Power scheduled its Q3 2026 earnings call for November 9, 2026. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.