Plug Power

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)
Latham, US
Size (employees)
486 (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 Financials and Metrics

Plug Power Financials

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

Revenue (Q2, 2017)

20.8 m

Gross profit (Q2, 2017)

(3.5 m)

Gross profit margin (Q2, 2017), %


Net income (Q2, 2017)

(42.6 m)

EBIT (Q2, 2017)

(28.1 m)

Market capitalization (13-Dec-2017)

539.6 m

Cash (30-Jun-2017)

2.1 m


560.8 m
Plug Power's current market capitalization is $539.6 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016


26.6 m64.2 m103.3 m85.9 m

Revenue growth, %


Cost of goods sold

113.2 m82 m

Gross profit

(9.9 m)3.9 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017


4.6 m5.6 m17.3 m19.9 m9.4 m24 m31.4 m15.3 m20.5 m17.6 m15.2 m20.8 m

Cost of goods sold

15.2 m20.1 m17.2 m19.7 m24.3 m

Gross profit

170 k384 k381 k(4.5 m)(3.5 m)

Gross profit Margin, %

USDFY, 2013FY, 2014FY, 2015FY, 2016


5 m146.2 m64 m46 m

Accounts Receivable

6.4 m16.1 m22.7 m11.9 m


1.9 m5.7 m7.9 m29.9 m

Current Assets

23.7 m192.7 m131.2 m110.9 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017


11 m63.2 m168.6 m156.5 m131.5 m109.1 m85 m11.8 m2.1 m

Accounts Receivable

4.3 m6.3 m16.5 m15 m7.8 m12.5 m18.5 m10.7 m12.7 m12 m6.9 m15.3 m


9.8 m11.9 m19.8 m21.9 m32.1 m32.9 m31.5 m39.2 m34.9 m35.8 m33.7 m42.7 m

Current Assets

27.1 m84.3 m209.9 m199.5 m177.8 m160.5 m143.6 m130.5 m127.5 m106.9 m77.6 m88 m
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


137.6 k(9.2 m)(7.3 m)2.8 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 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

87.1 k16.5 m15 m8.3 m3.6 m(1.5 m)12 m10 m10.6 m5 m(3.3 m)


(1.5 m)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)(12.8 m)
Y, 2017


-20 x


-9.6 x

Financial Leverage

2.3 x
Show all financial metrics

Plug Power Market Value History

Plug Power's Web-traffic and Trends

Plug Power Online and Social Media Presence

Plug Power Company Life and Culture

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