Plug Power is a company engaged in the design and manufacturing of hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity. The Company's GenDrive system integrates fuel cells manufactured by both Plug Power and Ballard Power and incorporates a hydrogen storage system that allows the system to "recharge" in a matter of minutes as opposed to several hours for lead-acid batteries. It allows hydrogen-powered forklifts to run at a constant steady power compared to conventional batteries, which experience "droop" in their output towards the end of a shift. GenDrive units occupy the same space designed for conventional batteries.

Company Growth (employees)
Type
Public
HQ
Latham, US
Founded
1997
Size (employees)
486 (est)+11%
Plug Power was founded in 1997 and is headquartered in Latham, US

Plug Power Office Locations

Plug Power has offices in Latham and Spokane Valley
Latham, US (HQ)
968 Albany Shaker Rd
Spokane Valley, US
15913 E Euclid Ave

Plug Power Data and Metrics

Plug Power Financial Metrics

Plug Power's revenue was reported to be $15.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

15.2 m

Gross profit (Q1, 2017)

(4.5 m)

Gross profit margin (Q1, 2017), %

(29%)

Net income (Q1, 2017)

(24.1 m)

EBIT (Q1, 2017)

(19.6 m)

Market capitalization (18-Aug-2017)

467.1 m

Cash (31-Mar-2017)

11.8 m
Plug Power's current market capitalization is $467.1 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

26.6 m64.2 m103.3 m85.9 m

Revenue growth, %

141%61%(17%)

Cost of goods sold

113.2 m82 m

Gross profit

(9.9 m)3.9 m

Gross profit Margin, %

(10%)5%

Operating expense total

49.1 m55.5 m

EBIT

(29 m)(37.9 m)(59 m)(51.5 m)

EBIT margin, %

(109%)(59%)(57%)(60%)

Pre tax profit

(63.1 m)(88.8 m)(55.7 m)(57.9 m)

Income tax expense

410.3 k324.7 k325 k392 k

Net Income

(62.8 m)(88.5 m)(55.7 m)(57.6 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

17.3 m19.9 m9.4 m24 m31.4 m15.3 m20.5 m17.6 m15.2 m

Cost of goods sold

15.2 m20.1 m17.2 m19.7 m

Gross profit

170 k384 k381 k(4.5 m)

Gross profit Margin, %

1%2%2%(29%)

R&D expense

4.8 m5.2 m5 m6 m

General and administrative expense

4.8 m5 m7.1 m8 m8.2 m8.3 m8.6 m8.6 m9.1 m

Operating expense total

4.8 m5 m7.1 m8 m8.2 m13.1 m13.8 m13.6 m15.1 m

EBIT

(6.6 m)(10.7 m)(12.8 m)(9.9 m)(12.3 m)(13 m)(13.4 m)(13.3 m)(19.6 m)

EBIT margin, %

(38%)(54%)(136%)(41%)(39%)(84%)(65%)(75%)(129%)

Pre tax profit

(9.7 m)(10.2 m)(12.1 m)(13.1 m)(13.4 m)(24 m)

Income tax expense

324.7 k325 k392 k392 k392 k392 k

Net Income

(9.4 m)(11.1 m)(10.2 m)(11.8 m)(13.2 m)(13.4 m)(24.1 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

5 m146.2 m64 m46 m

Accounts Receivable

6.4 m16.1 m22.7 m11.9 m

Inventories

1.9 m5.7 m7.9 m29.9 m

Current Assets

23.7 m192.7 m131.2 m110.9 m

PP&E

5.3 m5.3 m

Goodwill

8.5 m8.3 m

Total Assets

35.4 m205.9 m209.5 m240.8 m

Accounts Payable

3.1 m10.2 m20.5 m32.1 m

Total Debt

23.8 m

Current Liabilities

12.6 m25.7 m42.7 m66.5 m

Total Liabilities

146.1 m

Additional Paid-in Capital

831.2 m1.1 b1.1 b1.1 b

Retained Earnings

(849.4 m)(938.1 m)(993.9 m)(1.1 b)

Total Equity

158.3 m124.7 m85.1 m

Debt to Equity Ratio

0.3 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.3 x1.7 x2.8 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

168.6 m156.5 m131.5 m109.1 m85 m11.8 m

Accounts Receivable

16.5 m15 m7.8 m12.5 m18.5 m10.7 m12.7 m12 m6.9 m

Inventories

19.8 m21.9 m32.1 m32.9 m31.5 m39.2 m34.9 m35.8 m33.7 m

Current Assets

209.9 m199.5 m177.8 m160.5 m143.6 m130.5 m127.5 m106.9 m77.6 m

PP&E

5.3 m5.6 m5.2 m

Goodwill

399 k8.8 m8.8 m8.8 m8.4 m

Total Assets

221.1 m211.8 m189.3 m183 m204.6 m222.2 m233.4 m224 m210.7 m

Accounts Payable

9.3 m7.9 m8.6 m12.2 m18.2 m23 m30.6 m28.6 m27 m

Current Liabilities

19.5 m21.9 m22.1 m24.7 m33.6 m67.7 m49.7 m56.4 m67.1 m

Additional Paid-in Capital

1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b

Retained Earnings

(921.5 m)(930.9 m)(949.2 m)(958.4 m)(968.6 m)(1 b)(1 b)(1 b)(1.1 b)

Total Equity

170.9 m163.8 m149.1 m141.6 m148.6 m116 m104.8 m93.6 m60.7 m

Financial Leverage

1.3 x1.3 x1.3 x1.3 x1.4 x1.9 x2.2 x2.4 x3.5 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(62.8 m)(88.6 m)(55.8 m)(57.6 m)

Depreciation and Amortization

2.3 m2.4 m

Accounts Receivable

(2.4 m)(9.3 m)(5.6 m)10.7 m

Inventories

137.6 k(9.2 m)(7.3 m)2.8 m

Cash From Operating Activities

(26.9 m)(40.8 m)(47.3 m)(29.6 m)

Cash From Investing Activities

3.2 m(965.3 k)(2 m)(58.1 m)

Long-term Borrowings

(25 m)

Cash From Financing Activities

19.4 m182.9 m(32.9 m)69.9 m

Interest Paid

553 k8.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(9.4 m)(11.1 m)(10.2 m)(11.8 m)(13.2 m)(13.4 m)(24.1 m)

Depreciation and Amortization

608.4 k608.4 k(608.4 k)

Accounts Receivable

16.5 m15 m8.3 m3.6 m(1.5 m)12 m10 m10.6 m5 m

Inventories

19.8 m21.9 m(7.4 m)(8.2 m)(6.3 m)(6.4 m)(2.2 m)(3 m)(3.8 m)

Accounts Payable

9.3 m7.9 m

Cash From Operating Activities

(13.6 m)(24.3 m)(37.3 m)(6.9 m)(15.8 m)(29.7 m)(23.9 m)

Cash From Investing Activities

(229.5 k)(1.4 m)(1.1 m)(13.6 m)(28.8 m)(45.1 m)(9.6 m)

Cash From Financing Activities

(793.6 k)(11.4 m)(22.9 m)23.4 m46.6 m53.4 m(786 k)

Interest Paid

90.6 k176 k303 k232 k1.3 m1.6 m1.9 m
USDY, 2017

Revenue/Employee

32.9 k

Financial Leverage

3.5 x

Plug Power Market Value History

Plug Power Job Categories

Traffic Overview of Plug Power

Plug Power Online and Social Media Presence

Plug Power News and Updates

Amazon’s hydrogen-powered forklifts are its latest attempt to beat Walmart in the e-commerce war

Amazon is fueling up on hydrogen. The online retailer agreed to buy $70 million of fuel-cell forklifts from manufacturer Plug Power this year and, if…

Plug Power Company Life and Culture

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