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 Data and Metrics

Plug Power Financial Metrics

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

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 (23-Jun-2017)

502.8 m

Closing share price (23-Jun-2017)


Cash (31-Dec-2016)

46 m


480.5 m
Plug Power's current market capitalization is $502.8 m.
$, USDFY, 2013FY, 2014FY, 2015Y, 2016


26.6 m64.2 m103.3 m85.9 m

Revenue growth, %


Cost of goods sold

113.2 m82 m

Gross profit

11.7 m33.7 m(9.9 m)3.9 m

Gross profit Margin, %


Operating expense total

49.1 m55.5 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 k324.7 k325 k392 k

Net Income

(62.8 m)(88.5 m)(55.7 m)(57.6 m)
$, 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 m11.8 m

Current Assets

23.7 m192.7 m131.2 m110.9 m


5.3 m5.3 m


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

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
$, 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

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
Y, 2016


-9.3 x


-16.2 x


0.3 x


0.1 x

Financial Leverage

2.8 x

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