Key takeaways

  • Plug Power has racked up massive losses over the past couple of decades, and the company is taking steps to turn things around.
  • Over the same period, Plug Power's stock price has plunged by 95%.
  • In the second quarter, Plug Power's operating expenses dropped nearly 50% to $62 million.

Plug Power has accumulated nearly $8.7 billion in losses since going public. Project Quantum Leap aims to cut costs and focus on more profitable operations; second-quarter operating expenses fell nearly 50%.

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