The powerhouse in hydrogen fuel cell technology, Plug Power is revolutionizing the industry with cost-effective solutions that increase productivity, lower operating costs and reduce carbon footprints. Its signature solution, GenKey, provides an all-inclusive package for customers, incorporating GenFuel hydrogen and fueling infrastructure, GenCare aftermarket service and a market-specific fuel cell system. Plug Power maintains two system-product brands: ReliOn, a modular, scalable fuel cell product for customers seeking solutions in critical stationary power applications; and GenDrive, a lead-acid battery replacement used in electric lift trucks in high-throughput material handling applications. With more than 6,500 GenDrive units deployed to material handling customers, accumulating more than 100 million hours of runtime, Plug Power manufactures tomorrow’s incumbent power solutions today, so customers can POWERAhead.
Company Growth (employees)
Latham, US
Size (employees)
439 (est)
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 Metrics

Plug Power Financial Metrics

Plug Power's revenue was reported to be $85.9 m in 2016

Revenue (Y, 2016)

$85.9 m

Revenue growth (Y, 2015 - Y, 2016), %


Gross profit (Y, 2016)

$3.9 m

Gross profit margin (Y, 2016), %


Net income (Y, 2016)

($57.6 m)

EBIT (Y, 2016)

($51.5 m)

Market capitalization (19-May-2017)

$424.6 m

Closing share price (19-May-2017)


Cash (31-Dec-2016)

$46 m


$402.3 m
Plug Power's current market capitalization is $424.6 m.
FY, 2013FY, 2014FY, 2015Y, 2016


$26.6 m$64.2 m$103.3 m$85.9 m

Revenue growth, %


Cost of goods sold

$113.2 m$82 m

Gross profit

$11.7 m$33.7 m($9.9 m)$3.9 m

Gross profit Margin, %


Operating expense total

$49.1 m$55.5 m


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

EBIT margin, %


Pre tax profit

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

Income tax expense

$410.3 k$324.7 k$325 k$392 k

Net Income

($62.8 m)($88.5 m)($55.7 m)($57.6 m)
FY, 2013FY, 2014FY, 2015FY, 2016


$5 m$146.2 m$64 m$46 m

Accounts Receivable

$6.4 m$16.1 m$22.7 m$11.9 m


$1.9 m$5.7 m$7.9 m$11.8 m

Current Assets

$23.7 m$192.7 m$131.2 m$110.9 m


$5.3 m$5.3 m


$8.5 m$8.3 m

Total Assets

$35.4 m$205.9 m$209.5 m$240.8 m

Accounts Payable

$3.1 m$10.2 m$20.5 m$32.1 m

Total Debt

$23.8 m

Current Liabilities

$12.6 m$25.7 m$42.7 m$66.5 m

Additional Paid-in Capital

$831.2 m$1.1 b$1.1 b$1.1 b

Retained Earnings

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

Total Equity

$158.3 m$124.7 m$85.1 m

Debt to Equity Ratio

0.3 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.3 x1.7 x2.8 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

$2.3 m$2.4 m

Accounts Receivable

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


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

Accounts Payable

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 m$182.9 m($32.9 m)$69.9 m

Interest Paid

$553 k$8.3 m
Y, 2016


-7.8 x


-13.6 x


0.3 x


0.1 x

Financial Leverage

2.8 x

Plug Power Market Value History

Plug Power Job Categories

Plug Power Online Presence

Plug Power News

Plug Power Company Life

You may also be interested in