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Plug Power Inc. (PLUG) Q4 2025 Earnings Call Transcript

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Plug Power Inc. (PLUG) Q4 2025 Earnings Call March 2, 2026 4:30 PM EST

Company Participants

Teal Vivacqua Hoyos – Director of Marketing Communications
Jose Luis Crespo
Paul Middleton – Executive VP, CAO & CFO

Conference Call Participants

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Colin Rusch – Oppenheimer & Co. Inc., Research Division
Craig Irwin – ROTH Capital Partners, LLC, Research Division
Luke Persons – Craig-Hallum Capital Group LLC, Research Division
Jason Tilchen – Canaccord Genuity Corp., Research Division
Christopher Dendrinos – RBC Capital Markets, Research Division
Sherif Elmaghrabi – BTIG, LLC, Research Division
Sameer Joshi – H.C. Wainwright & Co, LLC, Research Division
Christopher Senyek – Wolfe Research, LLC
Ameet Thakkar – BMO Capital Markets Equity Research

Presentation

Operator

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Greetings, and welcome to the Plug Power Q4 and Year-End 2025 Earnings Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded.

It’s now my pleasure to turn the call over to Teal Hoyos, Vice President, Marketing and Communications. Please go ahead, Teal.

Teal Vivacqua Hoyos
Director of Marketing Communications

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Thank you. Welcome to the 2025 Fourth Quarter Earnings Call. This call will include forward-looking statements. These forward-looking statements contain projections of our future results of operations, of our financial position or other forward-looking information. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

We believe that it is important to communicate our future expectations to investors. However, investors are cautioned not to unduly rely on forward-looking statements, and such statements should not be read or understood as a guarantee of future performance or results. Such statements are subject to risks and uncertainties that could cause actual results, or performance, to differ materially from those discussed as a result of various factors, including, but not limited to, risks and uncertainties discussed under

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