Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a liquid hydrogen fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing internet of things-based maintenance and service program for GenDrive and GenSure fuel cells, GenFuel hydrogen storage and dispensing products, and ProGen engines; and GenSure, a stationary fuel cell solution that offes modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzer, an hydrogen generator optimized for clean hydrogen production. The company offers its products to retail-distribution and manufacturing businesses through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
IPO Year: 1999
Exchange: NASDAQ
Website: plugpower.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/9/2026 | $2.00 | Buy → Hold | TD Cowen |
| 1/27/2025 | $1.00 | Neutral → Sell | Seaport Research Partners |
| 11/14/2024 | Buy → Neutral | BTIG Research | |
| 4/5/2024 | $2.00 | Neutral → Sell | Citigroup |
| 2/6/2024 | $4.75 | Buy → Neutral | UBS |
| 2/6/2024 | $4.50 | Neutral | Redburn Atlantic |
| 2/6/2024 | Buy → Neutral | Seaport Research Partners | |
| 1/31/2024 | $4.50 → $9.00 | Neutral → Buy | ROTH MKM |
| 1/24/2024 | $3.50 → $2.50 | Market Perform → Underperform | BMO Capital Markets |
| 1/11/2024 | $4.50 | Positive → Neutral | Susquehanna |
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TD Cowen downgraded Plug Power from Buy to Hold and set a new price target of $2.00
Seaport Research Partners downgraded Plug Power from Neutral to Sell and set a new price target of $1.00
BTIG Research downgraded Plug Power from Buy to Neutral
Citigroup downgraded Plug Power from Neutral to Sell and set a new price target of $2.00
UBS downgraded Plug Power from Buy to Neutral and set a new price target of $4.75
Redburn Atlantic initiated coverage of Plug Power with a rating of Neutral and set a new price target of $4.50
Seaport Research Partners downgraded Plug Power from Buy to Neutral
ROTH MKM upgraded Plug Power from Neutral to Buy and set a new price target of $9.00 from $4.50 previously
BMO Capital Markets downgraded Plug Power from Market Perform to Underperform and set a new price target of $2.50 from $3.50 previously
Susquehanna downgraded Plug Power from Positive to Neutral and set a new price target of $4.50
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
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SLINGERLANDS, N.Y., March 16, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announces its participation in upcoming investor conferences and non-deal roadshows in Europe and the United States, reinforcing the company's ongoing engagement with the global financial community. Plug executives will participate in meetings with institutional investors to discuss the Company's strategic priorities, growth opportunities, and long-term financial objectives. Event details are as follows: March 16–18, 2026European Non-Deal RoadshowLocations: London, United Kingdom; Stockholm, Sweden; Paris, FrancePlug Pa
SLINGERLANDS, N.Y., March 05, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, will visit the NASDAQ MarketSite in Times Square to ring the Closing Bell on Friday, March 6, 2026. The Closing Bell ceremony celebrates Plug's strong 2025 full-year results as well as its newly appointed CEO, Jose Luis Crespo, who officially took the helm of the company on March 2, 2026. Full-year 2025 results, announced earlier this week, detailed the company's revenue increase of 12.9% year-over-year, ending the year at ~$710 million. This revenue improvement was driven largely by higher equipment sales volume and continued
SLINGERLANDS, N.Y., March 03, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions, welcomes Jose Luis Crespo as Chief Executive Officer, marking the start of the Company's next phase of disciplined growth and focused execution. Crespo assumed the role on March 2, 2026. Crespo brings more than 12 years of leadership experience at Plug, most recently serving as President and Chief Revenue Officer, where he drove growth through cost discipline, margin expansion, and capital efficiency. He led Plug's commercial organization during a period of significant scale, helping grow revenue from approximately $27 million in 2013 to more than $700
Achieved Positive 4th Quarter 2025 Gross MarginSetting the Stage for 2026 Financial Targets SLINGERLANDS, N.Y., March 02, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc., a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced financial results and operational milestones for the 4th quarter and fiscal year ended December 31, 2025, and outlined strategic priorities for 2026 and beyond. 2025 Goals in Review Achieved Over $700 million in revenueAchieved positive gross margin for Q4 2025Established strong liquidity platform to fund 2026Positioned Company to achieve the EBITDAS Q4 2026 goal This past year marked a pivotal commercial inflection point f
SLINGERLANDS, N.Y., Feb. 26, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced it has entered into definitive agreement with Stream Data Centers, a time-tested hyperscale data center developer and operator with over 25 years of experience delivering high performance compute. The agreement advances Plug's previously announced initiative to generate more than $275 million in liquidity improvement through a combination of asset monetization, release of restricted cash, and reduced maintenance expenses. Under the executed agreement, Plug expects to receive gross proceeds of at least $132.5 mill
SLINGERLANDS, N.Y., Feb. 23, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, will announce its 2025 fourth quarter and year-end results on March 2, 2026. Join the call: Date: March 2, 2026Time: 4:30 PM ETToll-free: 877-407-9221 / +1 201-689-8597Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1751318&tp_key=e18033c0ef The webcast can also be accessed directly from the Plug homepage (www.plugpower.com). A playback of the call will be available online for a period of time following the call. About Plug PowerPlug is building the global hydrogen economy with a fully integrated ecosystem spannin
SLINGERLANDS, N.Y., Feb. 11, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced that it is accelerating the reconvened session of its Special Meeting of Stockholders. The reconvened Special Meeting was previously scheduled to be held on February 17, 2026, at 4:00 p.m. Eastern Time. The Company has determined to move the reconvened Special Meeting to Thursday, February 12, 2026, at 4:00 p.m. Eastern Time. The meeting will be held in a virtual format.Stockholders of record as of December 12, 2025, remain eligible to participate. Join the call: Thursday, February 12, 20264:00 pm Eastern TimeV
SLINGERLANDS, N.Y., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, reminds stockholders that its previously announced Special Meeting of Stockholders will be held tomorrow, Thursday, February 5, 2026 at 10:00 a.m. Eastern Time. Stockholders of record as of December 12, 2025 remain eligible to participate. Join the call: Thursday, February 5, 202610:00 a.m. Eastern TimeVirtual meeting: https://east.virtualshareholdermeeting.com/vsm/web?pvskey=PLUG2026SMDial-In Access: Participant Dial-In Number: 1 (888) 450-5216 / Participant International Dial-In: 1 (929) 209-7680 Stockholders attending
SLINGERLANDS, N.Y., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced it has completed the first hydrogen fill of Hynetwork's 32-kilometer hydrogen pipeline in Rotterdam, Netherlands supplying 32 tons of RFNBO-certified renewable green hydrogen and the delivery of a custom unloading infrastructure required for this first pipeline-purging and filling operations. Hynetwork is a 100 percent subsidiary of Gasunie and implements the hydrogen network in the Netherlands. The Rotterdam segment connects port and industrial demand centers and will ultimately link into the broader European Hy
SLINGERLANDS, N.Y., Jan. 30, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG) will host an investor question-and-answer discussion on Monday, February 2, 2026 to provide all stockholders with an opportunity to ask questions regarding the proposals to be voted on at the Company's adjourned Special Meeting of Stockholders on Thursday, February 5, 2026 at 10:00 a.m. ET. At the Special Meeting, Proposals 1 and 2 require the affirmative vote of a majority of the Company's outstanding shares. The meeting was adjourned to provide stockholders additional time to vote and to facilitate broader participation. As of the date of the Special Meeting, approximately 92.63% and 89.09% of the votes
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SLINGERLANDS, N.Y., March 03, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions, welcomes Jose Luis Crespo as Chief Executive Officer, marking the start of the Company's next phase of disciplined growth and focused execution. Crespo assumed the role on March 2, 2026. Crespo brings more than 12 years of leadership experience at Plug, most recently serving as President and Chief Revenue Officer, where he drove growth through cost discipline, margin expansion, and capital efficiency. He led Plug's commercial organization during a period of significant scale, helping grow revenue from approximately $27 million in 2013 to more than $700
SLINGERLANDS, N.Y., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, encourages stockholders to vote their shares ahead of the Company's Special Meeting of Stockholders (the "Special Meeting") scheduled for January 29, 2026. The Special Meeting includes proposals that are critical to supporting the Company's ongoing operations, financial flexibility and long-term growth strategy. The Board of Directors urges stockholders of record as of December 12, 2025 (the "Record Date") to vote their shares in favor of all proposals presented at the Special Meeting. This Special Meeting follows the Company's
SLINGERLANDS, N.Y., Nov. 18, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in hydrogen solutions for the hydrogen economy, is hosting its seventh annual Plug Power Symposium at the Company's headquarters and manufacturing facility in Slingerlands N.Y., centered on the theme "Strengthening Energy Independence." Earlier this year, Plug Power announced Project Quantum Leap, its initiative to streamline operations, enhance cash efficiency, and focus on high-value markets including material handling, electrolyzers, and hydrogen plants. At the Symposium, CEO Andy Marsh and President and Chief Revenue Officer Jose Luis Crespo will discuss Plug's strategic path forward,
SLINGERLANDS, N.Y., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, invites the public to join the 2025 Plug Symposium, streaming live on November 18, 2025. Centered on the theme "Strengthening Energy Independence," the event will bring together Plug leaders, customers, and industry experts to explore how hydrogen is driving grid resiliency, powering new markets, and accelerating the global energy transition. Register to Stream the Event: Date: November 18, 2025Program Time: 9:00 am - 4:00 pm ETRegister here: https://event.on24.com/wcc/r/5070165/A1DAC0191D73E6E705452AA4D133B5D8 Participa
SLINGERLANDS, N.Y., Oct. 16, 2025 (GLOBE NEWSWIRE) -- Plug Power (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, announces that CEO Andy Marsh will join U.S. Senator Bill Cassidy (R-LA) and national energy leaders today, Thursday, October 16, 2025, at the Louisiana Energy Security Summit, hosted by the American Council for Capital Formation (ACCF). Attendees are gathering to discuss how U.S. companies are strengthening energy independence and industrial competitiveness through clean hydrogen and domestic manufacturing. Marsh will participate in the panel "Cracking Down on China — Addressing Risks to American Energy and Supply Chain Security". T
SLINGERLANDS, N.Y., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in end-to-end hydrogen solutions for the hydrogen economy, today announces the appointment of Jose Luis Crespo as President, effective as of October 10, 2025, and as its new Chief Executive Officer, to be effective as of the date the company files its Annual Report on Form 10-K for the year ended December 31, 2025, expected March 2026. Mr. Crespo will succeed Mr. Andy Marsh as CEO. Mr. Marsh will continue to serve as CEO during the transition period and has been appointed Executive Chair of the Board, a position he will retain following March 2, 2026. In conjunction, George McNamee has bee
With the theme "Plug Doing Real Things," the event highlights how Plug is laying the groundwork for the next five years Plug targets ~30% CAGR for Energy and Applications businesses from 2025 to 2030 and appoints Sanjay Shrestha new President SLINGERLANDS, N.Y., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in hydrogen solutions for the green hydrogen economy, is hosting its sixth annual Plug Symposium at the Company's Vista headquarters and manufacturing facility in Slingerlands, N.Y. With the theme "Plug Doing Real Things," this year's event underscores Plug's role in driving the global green hydrogen economy, showcasing its comprehensive
SLINGERLANDS, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, invites the public to join the 2024 Plug Symposium, streaming live on November 13, 2024. The event, themed Plug Doing Real Things, will showcase Plug's advancements in real-world applications driving the green hydrogen economy. Register to Stream the Event: ● Date: November 13, 2024 ● Program Time: 9:00 am - 1:00 pm ET ● Register here: https://event.on24.com/wcc/r/4709318/2EB78C1AF5AAF63684C7F1DF68A30983?partnerref=CorpHomePage Participants can also register directly via the Plug Power website at www.plugpower.com. F
SLINGERLANDS N.Y., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will announce its 2024 third quarter results on Tuesday November 12, 2024. Join the call: Date: November 12, 2024Time: 8:30 AM ETToll-free: 877-407-9221 / +1 201-689-8597Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1692922&tp_key=d012114e58 The webcast can also be accessed directly from the Plug homepage (www.plugpower.com). A playback of the call will be available online for a period of time following the call. Plug Symposium Plug will host its 6th annual symposium on November 13th at its headquarters in
SLINGERLANDS, N.Y., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced the appointment of Colin Angle, former CEO of iRobot, to its Board of Directors. Mr. Angle brings decades of extensive experience in technology innovation, robotics, and strategic leadership to Plug Power's Board. Mr. Angle is widely recognized for his pioneering work at iRobot, where he co-founded the company and led the development and commercialization of the Roomba robot vacuum, which revolutionized the home robotics market. Under his leadership, iRobot grew from a small MIT startup to a global publicly
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Achieved Positive 4th Quarter 2025 Gross MarginSetting the Stage for 2026 Financial Targets SLINGERLANDS, N.Y., March 02, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc., a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced financial results and operational milestones for the 4th quarter and fiscal year ended December 31, 2025, and outlined strategic priorities for 2026 and beyond. 2025 Goals in Review Achieved Over $700 million in revenueAchieved positive gross margin for Q4 2025Established strong liquidity platform to fund 2026Positioned Company to achieve the EBITDAS Q4 2026 goal This past year marked a pivotal commercial inflection point f
$177 Million in Quarterly Revenue Continued Global Market Expansion and Operational Progress SLINGERLANDS, N.Y., Nov. 10, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced its financial results and operational milestones for the third quarter ended September 30, 2025. Third Quarter 2025 Financial Highlights For the third quarter 2025, revenue was $177 million, driven by continued strength in Plug's electrolyzer business, volume growth in hydrogen fuel sales and other businesses, and continued pricing enhancements. GenEco electrolyzer revenue totaled ~$65 million for the quarter, a 46% se
• Execution on Project Quantum Leap helps accelerate business salesgrowth and financial performance• Q2 revenue up 21% year-over-year, driven by broad hydrogen demand LATHAM, N.Y., Aug. 11, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced its financial results and operational milestones for the second quarter ended June 30, 2025. Revenue Growth and Run Rate Momentum Plug reported $174 million in Q2 revenue, a 21% increase versus Q2 2024, driven by robust demand for its GenDrive fuel cells, GenFuel hydrogen infrastructure, and GenEco electrolyzer platforms.Electrolyzer revenue tripled
SLINGERLANDS, N.Y., May 12, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions, today announced its financial results and operational milestones for the first quarter ended March 31, 2025. The Company delivered improvements in cash flow and continued execution across its electrolyzer, hydrogen generation, and fuel cell businesses, while advancing its leadership in global decarbonization and U.S. energy security. First-Quarter Results Revenue: Plug reported revenue of $133.7 million for Q1 2025 versus $120.3 million in Q1 2024. Sales in Q1 2025 represent growing electrolyzer deliveries, continued demand in material handling,
SLINGERLANDS, N.Y., May 06, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions, today announced the initial closing of its previously announced $525 million secured term loan facility with Yorkville Advisors. The initial tranche in an aggregate principal amount of $210 million was drawn and funded. Commensurate with establishing this facility, the company has retired $82.5 million in aggregate principal of the existing convertible debenture with Yorkville Advisors, which had approximately 55 million associated underlying shares given the conversion price, and therefore this refinancing has reduced potential dilution. The transaction
SLINGERLANDS, N.Y., March 03, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in the hydrogen economy, today provided an update on its strategic and operational progress and path to profitability. This past year of 2024 marked a pivotal commercial inflection point for Plug as the Company advanced its hydrogen generation platform and scaled new product offerings, such as its electrolyzer solutions. Commensurate with these strategic initiatives driving the commercial inflection point, and in response to evolving market conditions, Plug took decisive steps in 2024 to improve margins and cash flows by optimizing operations, streamlining its workforce, consolidating fac
SLINGERLANDS, N.Y., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced further progress on its strategic and operational initiatives and path to profitability in the third quarter of 2024. These developments underscore the Company's commitment to advancing the hydrogen economy and solidifying its market and financial position in the industry. Financial Highlights Q3 Financial Performance: Plug reported revenue of $173.7 million in Q3 2024, representing an inflection in electrolyzer deployments, continued expansion of its internally produced hydrogen network, and increase
SLINGERLANDS, N.Y., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced significant progress and strategic initiatives in the second quarter of 2024. These developments underscore the Company's commitment to advancing the hydrogen economy and solidifying its leadership position in the industry. Financial Highlights Q2 Financial Performance: Plug Power reported revenue of $143.4 million in Q2 2024, reflecting ongoing growth in its electrolyzer deployments and improved pricing on fuel and other product lines.Net Loss: The Company recorded a net loss of $262.3
LATHAM, N.Y., May 09, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG) (the "Company"), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced its financial results and operational milestones for the first quarter of 2024. First-Quarter Results Earnings-Per-Share (EPS) and Revenue: The Company reported revenue of $120.3 million and EPS loss of $0.46 for the quarter ended March 31, 2024.Enhanced Focus on Cash Management: Net cash used in operating activities and capital expenditures (includes purchases of property, plant, and equipment and purchases of equipment related to power purchase agreements and equipment related
LATHAM, N.Y., March 01, 2024 (GLOBE NEWSWIRE) -- Today, Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy announced its financial results and operational milestones for the quarter and fiscal year ended December 31, 2023. With a steadfast commitment to advancing the green hydrogen economy, the Company has achieved significant progress in revenue growth, operational efficiency, and strategic investments aimed at promoting global sustainability and energy independence. Commercial and Operational Highlights Operational Milestones:The successful commissioning and operational status of the Georgia hydrogen plant, which currently
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