PLUG, BLNK Stocks Jump Overnight: Q1 Earnings Finally Show Signs Of Profitability Emerging

• Plug Power’s Q1 gross margin rose 71% year-over-year due to lower costs, better service work, and improved fuel sourcing. 
• CEO Jose Crespo said growth and improved finances support plans to reach positive EBITDA by Q4 2026.
• Blink’s Q1 net losses narrowed to $11.6 million from $21 million last year.

Plug Power (PLUG) and Blink Charging (BLNK) stocks jumped after hours on Monday following the release of their fiscal first-quarter (Q1) earnings, which suggested improved financial discipline. Investors reacted positively as both companies cut losses and improved their operations. 

PLUG’s Strong Revenue And Margin Improvement

Plug Power made $163.5 million in revenue in Q1 2026, up 22% from last year. Growth came from the material-handling and electrolyzer businesses. Loss per share (EPS) also improved to $0.08 from $0.17. 

Both revenue and EPS surpassed the analysts’ consensus estimates of $139.76 million and $0.1 per share, respectively, according to Fiscal AI data. Gross margin improved 71% from last year, driven by cost reductions, better service execution, and improved fuel-sourcing efficiency. 

Plug Power’s CEO Jose Crespo noted that growth across multiple businesses and cost savings helped drive improvement and support its longer-term strategy to reach positive EBITDA by Q4 of 2026.

“The cost actions initiated under Project Count LEAP are now substantially flowing through our P&L and we expect gross margin to improve sequentially through 2026. This is supported by a combination of volume leverage, mix and continued cost discipline,” Crespo said in the earnings call. 

He also highlighted strong momentum in its electrolyzer division, with revenue rising sharply as major projects in Europe and North America progress through commissioning. 

Plug Power stock surged more than 6% in after-hours trading on Monday and continued its climb overnight. 

PLUG Retail Traders View 

On Stocktwits, retail sentiment around the stock jumped to ‘extremely bullish’ from ‘bearish’ territory the previous day. Message volume exploded 2,009% in 24 hours. 

A user said, “175k shares - in since 2021 - this is where it all pays off :) If I can hold through all the bullshit, I’m definitely gonna hold when the shit is turning bullish.”

Another user said, “$PLUG and $DGXX will have crazy momentum this whole week and week just started!!!!!”

BLNK Gains Momentum Through Cost Controls

Blink Charging reported Q1 revenue of $20.8 million, nearly flat YoY. However, the revenue composition changed significantly, with service revenue rising 25% YoY to $13.3 million. This segment now accounts for the majority of Blink’s revenue as the company moves away from one-time hardware sales.

Product revenue fell 26% YoY as Blink focuses more on steady income from services and network fees. Costs also dropped over 35% due to pay cuts, lower admin expenses, and restructuring. 

Net losses narrowed to $11.6 million from $21 million last year. Loss per share was $0.08. While revenue missed the $21.7 million street estimate, EPS came in above the $0.1 loss estimate, according to Fiscal AI data. 

CEO Michael Battaglia said Blink is focusing on a stricter, more organized business model built around DC fast chargers. The company aims to reach 80% recurring revenue by 2028, up from 45% in 2025, with 27 new sites and 136 charging stalls planned or under construction.

“What you're seeing in Q1 is Blink's new culture, disciplined, focused and building toward profitability consistently, and I would even say relentlessly,” Battaglia said in the earnings call. 

Blink Charging stock rose over 2% in after-hours trading, but edged 0.6% lower overnight heading into Tuesday. 

What BLNK Retail Traders Are Saying 

On Stocktwits, retail sentiment around the stock jumped to ‘extremely bullish’ from ‘neutral’ territory the previous day. 

A user said, “Great ER. No debt . Positive cash flow . Long term gem.”

Another user said they are adding more after-hours and added, “This is going to run again”.

So far this year, PLUG and BLNK stocks have gained over 78% and 42%, respectively. 

Also See: CELH, NCLH, RBLX Stocks Hit 52-Week Lows Today: What's Dragging Them?

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