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)
Type
Public
HQ
Latham, US
Founded
1997
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, Spokane Valley
Latham, US
Spokane Valley, US

Plug Power Metrics

Plug Power Summary

Market capitalization

$227.5 m

Closing share price

$1.2
Plug Power's current market capitalization is $227.5 m.

Plug Power Financials

We estimate that Plug Power's revenue is $85.9 m in 2016
FY, 2013FY, 2014FY, 2015Y, 2016

Revenue

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

Revenue growth, %

141.5%60.8%(16.8%)

Gross profit

$11.7 m$33.7 m($9.9 m)

Operating expense total

$49.1 m

EBIT

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

Net Income

($62.8 m)($88.5 m)($55.7 m)

Operating cash flow

($4.4 m)$141.2 m($82.2 m)

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