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 |
---|---|---|---|
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 |
12/19/2023 | $6.50 → $2.29 | Neutral → Underweight | Piper Sandler |
12/6/2023 | $3.50 → $3.00 | Equal-Weight → Underweight | Morgan Stanley |
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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
LATHAM, N.Y., April 18, 2022 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, announced today the appointment of two new members to the company's board of directors: Jean Bua, Chief Financial Officer, executive Vice President and treasurer at NetScout Systems and Kavita Mahtani, Chief Financial Officer, Americas for HSBC, one of the largest banking and financial services organizations in the world. Both appointees will join Plug's audit committee, with Ms. Bua serving as the committee chair. "We are excited to welcome Jean and Kavita to our board of directors. They bring decades of leadership in key
Loan guarantee supports Plug's domestic hydrogen production plant buildout Plug's Graham, Texas, plant first beneficiary of loan guarantee SLINGERLANDS, N.Y., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, closed a $1.66 billion loan guarantee from the U.S. Department of Energy's (DOE) Loan Programs Office (LPO). "Finalizing this loan guarantee with the Department of Energy represents a significant step in the expansion of our domestic manufacturing and hydrogen production capabilities, which create many high-quality jobs throughout the U.S.," said Plug CEO Andy Marsh. "In addition to r
SLINGERLANDS, N.Y., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced a landmark purchase agreement with Allied Green Ammonia (AGA). This agreement will see Plug supplying an impressive three gigawatts (GW) of electrolyzer capacity to AGA's state-of-the-art green hydrogen-to-ammonia plant, currently under development in Australia. In a significant step towards a clean energy future, AGA will install a 4.5 GW solar plant to power the Plug electrolyzers with zero emission clean electricity. The green hydrogen produced will be used to make green ammonia. With the agreement
SLINGERLANDS, N.Y., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will participate in the 14th UBS Global Energy & Utilities Conference in Park City, Utah. The UBS Global Energy & Utilities Conference is a premier event bringing together over 50 top executives from leading companies across the energy sector to provide insights into the evolving industry landscape. Featuring fireside chat discussions and one-on-one meetings, the conference offers a platform for exploring key trends and fostering strategic partnerships. Plug Power's participation highlights its leadership in t
SLINGERLANDS, N.Y., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will participate in the Goldman Sachs Energy, CleanTech & Utilities Conference on January 7, 2025, in Miami. Jose Luis Crespo, Chief Revenue Officer, and Kevin O'Brien, Manager, Investor Relations, will represent Plug at the event engaging in meetings with institutional investors representing close to one trillion dollars in total assets under management. Plug's involvement reflects its strategic commitment to advancing the hydrogen economy and fostering relationships within the financial community. Further details on the
SLINGERLANDS, N.Y., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced that it will be featured as a presenting company at the Jefferies Renewables & Clean Energy Conference 2024 in New York. Jose Luis Crespo, Chief Revenue Officer, is scheduled to participate in a fireside chat on Wednesday, December 4, 2024 at 11:00 - 11:40 AM EST. A webcast of the presentation will be available at https://wsw.com/webcast/jeff316/plug/1863416 beginning at 11:00 AM EST on December 4, 2024 and will be posted on the Investor Resources section of the Company's website at: https://www.ir.plugpower.com
Clear Street's Newest Offering, with In-Depth Market Analysis and Investment Insights, Addresses the Firm's Rapidly Expanding Institutional Client Base Initial Sector Coverage Includes Disruptive Technology, Energy Transition and Healthcare Clear Street ("Clear Street", "the Company"), a cloud-native financial technology firm on a mission to modernize the brokerage ecosystem, today announced the launch of its Equity Research Group, a strategic initiative aimed at providing in-depth market analysis and investment insights to its growing institutional client base. Led by Director of Research Mara Goldstein, Clear Street Equity Research will focus initially on the Disruptive Technology, En
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. 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., 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., 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
LATHAM, N.Y., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced the access details for its January 23, 2024 business update conference call. During the conference call, Andy Marsh, the Company's Chief Executive Officer, and Paul Middleton, the Company's Chief Financial Officer, will provide a business update and answer questions. Join the call: Date: Tuesday January 23, 2024Time: 8:30 am ETToll-free:877-407-9221 / +1 201-689-8597Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1652371&tp_key=7aea09abd3 The webcast can also be accessed directly from the Plug homep
LATHAM, N.Y., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has announced its 2023 third quarter results. The quarterly shareholder letter has been posted at https://www.ir.plugpower.com/Q323Plug A conference call will be held today, November 9, 2023. Time: 4:30 pm ETToll-free: 877-407-9221 / +1 201-689-8597Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1637631&tp_key=7e3a258c08 Both the shareholder letter and webcast can be accessed at www.plugpower.com, on the company's home and investor relations pages. A playback of the call will be available online for a p
LATHAM, N.Y., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has announced its 2023 second quarter results. The quarterly shareholder letter has been posted at https://www.ir.plugpower.com/Q223Plug. A conference call will be held today, August 9, 2023. Time: 4:00 pm ETToll-free: 877-407-9221 or +1 201-689-8597Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1625258&tp_key=61c1fe5656 Both the shareholder letter and webcast can be accessed at www.plugpower.com, on the company's home and investor relations pages. A playback of the call will be available online for a period follo
LATHAM, N.Y., March 01, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has announced today its 2022 fourth quarter and year end results. The quarterly shareholder letter has been posted at https://www.ir.plugpower.com/Q422Plug. A conference call will be held today, March 1, 2023. Time: 4:30 pm ETToll-free: 877-407-9221 / +1 201-689-8597Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1599574&tp_key=9ef88f116c Both the shareholder letter and webcast can be accessed at www.plugpower.com, on the company's home and investor relations pages. A playback of the call will be available on
LATHAM, N.Y., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, today announced the access details for its January 25, 2023 business update conference call. Join the call: Date: January 25, 2023Time: 4:30 pm ETToll-free: 877-407-9221 / +1 201-689-8597Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1591108&tp_key=8f332559bf 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 Plug Power is building the hydrogen economy as the leading provide
LATHAM, N.Y., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has announced today its 2022 third quarter results. The quarterly shareholder letter has been posted at https://www.ir.plugpower.com/Q322Plug. A conference call will be held today, November 8, 2022. Time: 4:30 pm ETToll-free: 877-407-9221 / +1 201-689-8597Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1579575&tp_key=1c96c6a82e Both the shareholder letter and webcast can be accessed at www.plugpower.com, on the company's home and investor relations pages. A playback of the call will be available online for a pe
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
Piper Sandler downgraded Plug Power from Neutral to Underweight and set a new price target of $2.30 from $6.50 previously
Morgan Stanley downgraded Plug Power from Equal-Weight to Underweight and set a new price target of $3.00 from $3.50 previously