OverviewSuggest Edit

Plug Power is a provider of clean hydrogen and zero-emission fuel cell solutions. The company primarily focuses on industrial mobility applications including electric forklifts and electric industrial vehicles at multi‑shift manufacturing and distribution sites. It also manufactures and sells fuel cell products to replace batteries and diesel generators in stationary backup power applications across the telecommunications, transportation, and utility markets.

TypePublic
Founded1997
HQLatham, US
Websiteplugpower.com
Employee Ratings3.1

Latest Updates

Employees (est.) (Dec 2019)629(+10%)
Job Openings189
Revenue (FY, 2019)$230.2 M(+32%)
Share Price (Oct 2020)$16.4
Cybersecurity ratingBMore

Key People/Management at Plug Power

Andrew Marsh

Andrew Marsh

President and Chief Executive Officer, Director
Paul Middleton

Paul Middleton

Chief Financial Officer
Keith Schmid

Keith Schmid

Chief Operating Officer
Tim Cortes

Tim Cortes

Vice President, Hydrogen Energy Systems
Tammy Kimble

Tammy Kimble

Vice President, Human Resources
Chris Suriano

Chris Suriano

Executive Vice President, Service
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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
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Plug Power Financials and Metrics

Plug Power Revenue

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View revenue for all periods
Plug Power's revenue was reported to be $230.24 m in FY, 2019 which is a 31.8% increase from the previous period.
USD

Revenue (Q2, 2020)

68.1m

Gross profit (Q2, 2020)

5.1m

Gross profit margin (Q2, 2020), %

7.5%

Net income (Q2, 2020)

(8.7m)

EBIT (Q2, 2020)

(26.3m)

Market capitalization (19-Oct-2020)

6.6b

Closing stock price (19-Oct-2020)

16.4

Cash (30-Jun-2020)

152.5m

EV

6.6b
Plug Power's current market capitalization is $6.6 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

103.3m174.6m230.2m

Revenue growth, %

69%32%

Cost of goods sold

131.4m172.0m202.3m

Gross profit

(28.1m)2.6m28.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

15.2m20.8m35.4m27.2m36.0m53.2m18.6m57.1m56.4m40.8m68.1m

Cost of goods sold

19.7m24.3m54.8m31.2m38.3m48.8m25.4m46.9m51.1m45.3m63.0m

Gross profit

(4.5m)(3.5m)(19.4m)(4.0m)(2.3m)4.4m(6.8m)10.2m5.3m(4.5m)5.1m

Gross profit Margin, %

(29%)(17%)(55%)(15%)(6%)8%(36%)18%9%(11%)7%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

24.8m38.6m139.5m

Accounts Receivable

15.3m37.3m25.4m

Prepaid Expenses

16.8m14.4m21.2m

Inventories

48.8m47.9m72.4m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(127.1m)(78.1m)(85.5m)

Depreciation and Amortization

9.8m11.7m12.7m

Inventories

(18.8m)19.0m(24.5m)

Accounts Payable

11.4m(10.3m)19.9m
Quarterly
USDQ1, 2017

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

3.5 x
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Plug Power Operating Metrics

Plug Power's Backlog was reported to be $794.4m in FY, 2019. Plug Power's Orders was reported to be 481.5 m in FY, 2019.
FY, 2017FY, 2018FY, 2019

Products and Services

7 7 6

Backlog

$500 m$540 m$794.40 m

Orders

285 m225 m481.50 m

Fuel Cell Systems Deployed

20 k25 k30 k
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Plug Power Acquisitions / Subsidiaries

Company NameDateDeal Size
Giner ELXJune 23, 2020
United Hydrogen GroupJune 23, 2020
American Fuel CellJune 06, 2018
Cellex Power ProductsMarch 16, 2017
RelionApril 02, 2014$4 m
Emergent Power Inc.
Emerging Power Inc.

Plug Power Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

Plug Power Revenue Breakdown

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Plug Power revenue breakdown by business segment: 22.6% from Fuel Cell Systems, 14.9% from Hydrogen Installations and Other Infrastructure, 19.6% from Services Performed on Fuel Cell Systems and Related Infrastructure, 20.1% from Power Purchase Agreements, 22.6% from Fuel Delivered to Customers and 0.1% from Other

Plug Power Online and Social Media Presence

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Plug Power News and Updates

Thinking about buying stock in Rewalk Robotics, Selecta Biosciences, Aphria, Plug Power, or Aslan Pharmaceuticals?

NEW YORK, Oct. 16, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for RWLK, SELB, APHA, PLUG, and ASLN. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Thinking about buying stock in Akebia Therapeutics, Aileron Therapeutics, Riot Blockchain, Plug Power, or Translate Bio?

NEW YORK, Oct. 12, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AKBA, ALRN, RIOT, PLUG, and TBIO. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Thinking about buying stock in Orbital Energy Group, FuelCell Energy, Newage Beverage, Plug Power, or Spirit Airlines?

NEW YORK, Oct. 8, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for OEG, FCEL, NBEV, PLUG, and SAVE. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Thinking about buying stock in Plug Power, Sirius XM, ReneSola, JetBlue Airways, or Lithium Americas Corp?

NEW YORK, Oct. 7, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for PLUG, SIRI, SOL, JBLU, and LAC. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Thinking about buying stock in Jaguar Health, Oragenics, Plug Power, FuelCell Energy, or Norwegian Cruise Line?

NEW YORK, Oct. 6, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for JAGX, OGEN, PLUG, FCEL, and NCLH. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Thinking about buying stock in Plug Power, Nio, Workhorse Group, Pacific Drilling, or American Airlines?

NEW YORK, Oct. 5, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for PLUG, NIO, WKHS, PACD, and AAL. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....
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Plug Power Blogs

Ten Things You Didn’t Know About Me: Jose Luis Crespo

In this series, we showcase the Plug Power leadership team and reveal some of the unique passions and talents that fill up their lives.  Executive Vice President of Global Sales, Jose Luis Crespo joined Plug Power in 2014 as Vice President of Business Development and International Sales. He was prom…

Plug Power Leverages Entrance into New Green Hydrogen Market: Electrolyzers Now Deployed in Japan

Hydrogen’s popularity as a renewable energy source has only grown in recent years, but perhaps no nation has worked to implement this renewable so much as Japan.  The government is working to reduce the production cost of hydrogen significantly over the course of the next several decades, aiming for…

Plug Power Rolls out a New Website

You may have noticed in recent weeks that Plug Power has a new website. The first question that comes to mind is “why did the company need a new website?” The answer is growth! Since 2016, when we rolled out our last website,  Plug Power has achieved incredible growth in terms of sales, new markets,…

How Green Hydrogen and Electrolyzer Technology Are Enabling Plug Power’s Vertical Integration Strategy

The Plug Power family has vertically integrated its hydrogen business, welcoming a pair of exciting new acquisitions this summer.  United Hydrogen Group Inc. and Giner ELX are two influential companies in the emerging hydrogen economy with tremendous capabilities in green hydrogen generation and sto…

PowerSpot: Emily Pitts

This is PowerSpot, Plug Power’s monthly blog series where we highlight the Plug Power employees who inspire us and, we hope, will inspire you, too. This summer, Plug Power was lucky to employ a number of interns in various parts of the business. It’s a great chance for college students to gain valua…

Hydrogen Fuel Cells Help Food Supply Chains Withstand the Shock of COVID-19

Today’s food supply chains represent a marvel of modern engineering, logistics, and distribution strategy—a complex system that has shown remarkable resilience under even the most challenging circumstances. Some may be surprised by this assertion, having recently endured the unprecedented disruption…
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Plug Power Frequently Asked Questions

  • When was Plug Power founded?

    Plug Power was founded in 1997.

  • Who are Plug Power key executives?

    Plug Power's key executives are Andrew Marsh, Paul Middleton and Keith Schmid.

  • How many employees does Plug Power have?

    Plug Power has 629 employees.

  • What is Plug Power revenue?

    Latest Plug Power annual revenue is $230.2 m.

  • What is Plug Power revenue per employee?

    Latest Plug Power revenue per employee is $366 k.

  • Who are Plug Power competitors?

    Competitors of Plug Power include Pajarito Powder, Ceres and ZeroAvia.

  • Where is Plug Power headquarters?

    Plug Power headquarters is located at 968 Albany Shaker Rd, Latham.

  • Where are Plug Power offices?

    Plug Power has offices in Latham and Spokane Valley.

  • How many offices does Plug Power have?

    Plug Power has 2 offices.