On August 11, Plug Power rose 9.95% in after-hours trading, trading at $2.31/share, with turnover of $7.06 million. The surge was driven by the company's Q2 earnings report, which beat analyst expectations on both top and bottom lines.

Plug Power reported Q2 adjusted loss per share of $0.07, beating the consensus estimate of $0.08 by 12.5%. Revenue came in at $178.3 million, surpassing the $169.4 million estimate. Compared with a loss of $0.18 per share in the year-ago quarter, the loss narrowed approximately 61%, extending an improvement streak for a third consecutive quarter.

The results build on a strong Q1 in which revenue grew 22% year-over-year and electrolyzer revenue surged 343%. The sustained margin improvement and loss reduction have bolstered market confidence in management's target of achieving positive EBITDA by year-end. Additionally, recent strategic transactions with Stream Data Centers targeting over $275 million in liquidity improvement and a 50 MW electrolyzer order from ORICA in Australia further support the company's growth trajectory.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)