Plug Power Completes 32-Ton Rotterdam Pipeline Fill, Faces TD Cowen Hold
On February 4, Plug Power completed the first fill of Hynetwork’s 32-kilometer Rotterdam hydrogen pipeline, supplying 32 tons of RFNBO-certified renewable hydrogen and custom unloading infrastructure. TD Cowen cut its rating to Hold with a $2 target and scheduled the 2025 Q4 and year-end results for March 2.
1. Rotterdam Pipeline Fill Completed
On February 4, the company executed the inaugural hydrogen fill of Hynetwork’s 32-kilometer pipeline in Rotterdam, delivering 32 tons of RFNBO-certified green hydrogen and installing custom unloading infrastructure for initial purging and filling operations.
2. TD Cowen Downgrades Rating
On January 9, TD Cowen downgraded its rating to Hold and reduced its price target from $4 to $2, citing demand challenges in material handling and potential delays in electrolyzer ramp-up.
3. Q4 2025 Results Scheduled
The company will release its fourth quarter and full-year 2025 financial results on March 2 with a 4:30 PM ET webcast, outlining performance metrics and guidance for the year ahead.