Plug Power Inc (OQ:PLUG)
Business Focus: Stationary Fuel Cells
| Sector: Energy | Industry: Renewable Energy Equipment & Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 968 Albany-Shaker Road LATHAM NY 12110 |
| Tel: | N/A |
| Website: | https://www.plugpower.com |
| IR: | See website |
| Key People | ||
| Andrew J. Marsh President, Chief Executive Officer, Director | Paul B. Middleton Chief Financial Officer, Executive Vice President | Gerard L. Conway Executive Vice President, General Counsel, Corporate Secretary |
| Jose Luis Crespo Executive Vice President, General Manager - Applications | Sanjay K. Shrestha General Manager - Energy Solutions, Chief Strategy Officer, Executive Vice President | Keith C. Schmid Executive Vice President - Special Projects | Martin Daniel Hull Chief Accounting Officer, Corporate Controller |
| Business Overview |
| Plug Power Inc. is engaged in offering end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals. The Company develops commercially viable hydrogen and fuel cell product solutions. It provides electrolyzers that allow customers, such as refineries, producers of chemicals, steel, fertilizer and commercial refueling stations, to generate hydrogen on-site. It focuses on industrial mobility applications, including electric forklifts and electric industrial vehicles, at multi-shift high volume manufacturing and high throughput distribution sites and environmental benefits; stationary power systems that supports critical operations, such as data centers, microgrids and generation facilities, in either a backup power or continuous power role and replace batteries, diesel generators or the grid for telecommunication logistics, transportation, and utility customers; and production of hydrogen. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Plug Power Inc revenues increased 27% to $891.3M. Net loss increased 89% to $1.37B. Revenues reflect Sales of cryogenic equipment segment increase from $87.8M to $231.7M, Sales of electolyzers segment increase from $28.5M to $82.6M, Northern America segment increase of 30% to $751.4M, Europe segment increase from $46M to $112.9M. Higher net loss reflects Other Selling. |
| Employees: | 3,868 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,386M as of Dec 31, 2023 |
| Annual revenue (TTM): | $891.34M as of Dec 31, 2023 |
| EBITDA (TTM): | -$998.78M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1,369M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1,803M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $478.12M as of Dec 31, 2023 |
| Shares outstanding: | 696,169,346 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.