Plug Power (PLUG Quick QuotePLUG - Free Report) reported $163.51 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 22.3%. EPS of -$0.08 for the same period compares to -$0.21 a year ago.

The reported revenue represents a surprise of +14.73% over the Zacks Consensus Estimate of $142.52 million. With the consensus EPS estimate being -$0.09, the EPS surprise was +9.4%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Plug Power performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net revenue- Sales of equipment, related infrastructure and other: $79.02 million versus $63.94 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +24.4% change.
• Net revenue- Services performed on fuel cell systems and related infrastructure: $21.97 million compared to the $22.66 million average estimate based on three analysts. The reported number represents a change of +30.2% year over year.
• Net revenue- Other: $0.44 million versus $0.63 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -30.5% change.
• Net revenue- Fuel delivered to customers and related equipment: $35.8 million versus the three-analyst average estimate of $30.78 million. The reported number represents a year-over-year change of +21.5%.
• Net revenue- Power purchase agreements: $26.29 million compared to the $27.44 million average estimate based on three analysts. The reported number represents a change of +13.3% year over year.
• Gross profit- Sales of equipment, related infrastructure and other: $-6.31 million versus $-6.82 million estimated by three analysts on average.
• Gross profit- Services performed on fuel cell systems and related infrastructure: $7.55 million versus the three-analyst average estimate of $5.88 million.
• Gross profit- Other: $0.29 million compared to the $0.21 million average estimate based on three analysts.
• Gross profit- Fuel delivered to customers and related equipment: $-17.1 million compared to the $-13.05 million average estimate based on three analysts.
• Gross profit- Power purchase agreements: $-13.86 million versus $-1.55 million estimated by three analysts on average.

View all Key Company Metrics for Plug Power here>>>

Shares of Plug Power have returned +13.9% over the past month versus the Zacks S&P 500 composite's +9.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.