Stock Market Today, March 3: Plug Power Surges After Revenue Beats Estimates

By Howard Smith – Mar 3, 2026 at 4:43PM ESTExpandNASDAQ: PLUGPlug PowerToday's Change(10.76%) $0.24Current Price$2.47Key Data PointsMarket Cap$3.5BDay's Range$2.24 - $2.5052wk Range$0.69 - $4.58Volume5.7MAvg Vol100MGross Margin-3409.40%Plug Power (PLUG +10.76%) develops hydrogen fuel cell systems for electric vehicles and equipment. Shares closed at $2.23, up 23.20%. The stock moved higher after Q4 results showed a revenue beat, improving margins, and a CEO transition. Investors are watching execution on the turnaround plan and profitability targets.Trading volume reached 222.8 million shares, coming in about 122% above its three-month average of 100.3 million shares. Plug Power IPO'd in 1999 and has fallen 99% since going public.How the markets moved todayThe broader market weakened Tuesday, with the S&P 500 (^GSPC +0.78%) closing down 0.95% at 6,817, while the Nasdaq Composite (^IXIC +1.29%) fell 1.02% to finish at 22,517. Among hydrogen fuel cell systems peers, Bloom Energy (BE +7.65%) closed at $153.01 (-7.83%), while Ballard Power Systems (BLDP +4.35%) finished at $2.07 (-4.17%), underscoring Plug Power’s outsized rebound.What this means for investorsPlug Power’s fourth-quarter results were encouraging. The hydrogen production and fuel cell company beat estimates with 17.6% year-over-year revenue growth and a smaller loss than expected. It’s getting to be crunch time for Plug Power investors. New CEO Jose Luis Crespo said the company aims to reach positive EBITDA (earnings before interest, taxes, depreciation, and amortization) by the fourth quarter. Crespo also assured investors that they could anticipate "positive operating income by the end of 2027, and full profitability by the end of 2028."With shares sinking more than 83% over the last three years, achieving those stated goals may be the only way to fully reverse that trend. Read NextMar 4, 2026 •By Emma NewberyStock Market Today, March 4: Plug Power Continues to Surge With Another 11% GainMar 3, 2026 •By Howard SmithWhy Plug Power Stock Defied the Down Market TodayMar 2, 2026 •By Scott LevineWhy Plug Power Stock Popped in After-Hours TradingFeb 23, 2026 •By Courtney CarlsenPlug Power Stock: Dead, or a Future Clean-Energy Beast in the Making?Feb 21, 2026 •By Scott LevineIs Plug Power (PLUG) Stock a Buy Now?Feb 9, 2026 •By Matt DiLalloWhy I'm Watching Plug Power for a Potential Long-Term Income PivotAbout the AuthorHoward Smith is a contributing Motley Fool stock market analyst covering technology and industrial stocks. Prior to The Motley Fool, Howard spent nearly 30 years supervising quality and operations in the steel industry, mostly with leading steel company Nucor. He holds a bachelor’s degree in metallurgical engineering from Lafayette College and a master’s degree in environmental engineering from Johns Hopkins University.TMFBuilt2LastStocks MentionedPlug PowerNASDAQ: PLUG$2.47(+10.76%)+$0.24Bloom EnergyNYSE: BE$164.72(+7.65%)+$11.70Ballard Power SystemsNASDAQ: BLDP$2.16(+4.35%)+$0.09*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.