Overview
Plug
Plug Power is building an end-to-end clean hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. The company is focused on hydrogen and fuel cell product solutions that are used to power electric motors, primarily in the electric mobility, material handling, and stationary power markets. Its vertically integrated end-to-end hydrogen solutions include
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Read More hydrogen production equipment or the delivery of hydrogen fuel, including fuel cells, proton exchange membrane (PEM) electrolyzers, and hydrogen liquefiers, to name a few. The company's GenDrive product is its hydrogen fueled PEM fuel cell system providing power to material-handling electric vehicles, including class 1, 2, 3, and 6 electric forklifts, AGVs, and ground support equipment. North America generates the majority of its revenue.
Read Less
Read More hydrogen production equipment or the delivery of hydrogen fuel, including fuel cells, proton exchange membrane (PEM) electrolyzers, and hydrogen liquefiers, to name a few. The company's GenDrive product is its hydrogen fueled PEM fuel cell system providing power to material-handling electric vehicles, including class 1, 2, 3, and 6 electric forklifts, AGVs, and ground support equipment. North America generates the majority of its revenue.
Read Less
Andrew Marsh
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Other Electrical Equipment and Component Manufacturing
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Semiconductor and Other Electronic Component Manufacturing
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Gasoline Stations
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Electrochemical generators (fuel cells)
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Fuel cells, solid state
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See All Industries Gasoline service stations
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Agriculture, Construction, and Mining Machinery Manufacturing
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Alumina and Aluminum Production and Processing
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Animal Food Manufacturing
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Animal Slaughtering and Processing
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Apparel Accessories and Other Apparel Manufacturing
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Apparel Knitting Mills
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Architectural and Structural Metals Manufacturing
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View more , Audio and Video Equipment Manufacturing , Bakeries and Tortilla Manufacturing , Basic Chemical Manufacturing , Beverage Manufacturing , Boiler, Tank, and Shipping Container Manufacturing , Cement and Concrete Product Manufacturing , Clay Product and Refractory Manufacturing , Coating, Engraving, Heat Treating, and Allied Activities , Commercial and Service Industry Machinery Manufacturing , Communications Equipment Manufacturing , Computer and Peripheral Equipment Manufacturing , Converted Paper Product Manufacturing , Cut and Sew Apparel Manufacturing , Cutlery and Handtool Manufacturing , Dairy Product Manufacturing , Electric Lighting Equipment Manufacturing , Electrical Equipment Manufacturing , Engine, Turbine, and Power Transmission Equipment Manufacturing , Fabric Mills , Fiber, Yarn, and Thread Mills , Footwear Manufacturing , Forging and Stamping , Foundries , Fruit and Vegetable Preserving and Specialty Food Manufacturing , Glass and Glass Product Manufacturing , Grain and Oilseed Milling , Hardware Manufacturing , Household Appliance Manufacturing , Household and Institutional Furniture and Kitchen Cabinet Manufacturing , Industrial Machinery Manufacturing , Iron and Steel Mills and Ferroalloy Manufacturing , Leather and Hide Tanning and Finishing , Lime and Gypsum Product Manufacturing , Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing , Manufacturing and Reproducing Magnetic and Optical Media , Medical Equipment and Supplies Manufacturing , Metalworking Machinery Manufacturing , Motor Vehicle Body and Trailer Manufacturing , Motor Vehicle Manufacturing , Motor Vehicle Parts Manufacturing , Navigational, Measuring, Electromedical, and Control Instruments Manufacturing , Nonferrous Metal (except Aluminum) Production and Processing , Office Furniture (including Fixtures) Manufacturing , Other Chemical Product and Preparation Manufacturing , Other Fabricated Metal Product Manufacturing , Other Food Manufacturing , Other Furniture Related Product Manufacturing , Other General Purpose Machinery Manufacturing , Other Leather and Allied Product Manufacturing , Other Miscellaneous Manufacturing , Other Nonmetallic Mineral Product Manufacturing , Other Textile Product Mills , Other Transportation Equipment Manufacturing , Other Wood Product Manufacturing , Paint, Coating, and Adhesive Manufacturing , Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing , Petroleum and Coal Products Manufacturing , Pharmaceutical and Medicine Manufacturing , Plastics Product Manufacturing , Printing and Related Support Activities , Pulp, Paper, and Paperboard Mills , Railroad Rolling Stock Manufacturing , Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing , Rubber Product Manufacturing , Sawmills and Wood Preservation , Seafood Product Preparation and Packaging , Semiconductor and Other Electronic Component Manufacturing , Ship and Boat Building , Soap, Cleaning Compound, and Toilet Preparation Manufacturing , Spring and Wire Product Manufacturing , Steel Product Manufacturing from Purchased Steel , Sugar and Confectionery Product Manufacturing , Textile Furnishings Mills , Textile and Fabric Finishing and Fabric Coating Mills , Tobacco Manufacturing , Veneer, Plywood, and Engineered Wood Product Manufacturing Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing
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Modelled
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Actual
$628.81 million
Actual
-29.45%
$3,602
DEC
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NASDAQ:PLUG
Contacts
Get in Touch with 6 Principals* and 960 Contacts
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Andrew MarshChief Executive Officer
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$628.81 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | -$729 | -$1,107 | -$829 |
| Net Investing Cash | -$402 | $728 | -$679 |
| Net Financing Cash | $983 | $6 | -$77 |
| Net Change in Cash | $51 | -$548 | -$1,793 |
| Cash at Beginning of Period | $1,169 | $1,549 | $3,132 |
| Cash at End of Period | $1,041 | $1,169 | $1,549 |
| Capital Expenditure | -$334 | -$696 | -$464 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $206 | $135 | $691 |
| Accounts Receivable | $157 | $244 | $129 |
| Inventories | $683 | $961 | $646 |
| Other Current Assets | $432 | $447 | $1,840 |
| Asset Summary | |||
| Total Current Assets | $1,477 | $1,787 | $3,305 |
| Tangible Fixed Assets | $1,280 | $2,005 | $1,223 |
| Intangible Assets | $85 | $189 | $208 |
| Total Assets | $3,603 | $4,903 | $5,764 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $221 | $323 | $246 |
| Short-Term Debt | $59 | $3 | $5 |
| Other Current Liabilities | $468 | $639 | $384 |
| Liability Summary | |||
| Total Current Liabilities | $748 | $965 | $635 |
| Long-Term Debt | $323 | $196 | $198 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $1,795 | $2,005 | $1,704 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $9 | $6 | $6 |
| Retained Earnings | -$6,594 | -$4,490 | -$3,121 |
| Equity Summary | |||
| Total Equity | $1,734 | $2,898 | $4,060 |
| Shares Outstanding | 913,896,854 | 606,135,659 | 590,345,658 |