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 |
|---|---|---|---|
| 1/27/2025 | $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 |
| 12/19/2023 | $6.50 → $2.29 | Neutral → Underweight | Piper Sandler |
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4 - PLUG POWER INC (0001093691) (Issuer)
4 - PLUG POWER INC (0001093691) (Issuer)
4 - PLUG POWER INC (0001093691) (Issuer)
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MALMÖ, Sweden, Nov. 3, 2025 /PRNewswire/ -- CompanyCharbone Corporation TickerTSXV: CH | OTCQB: CHHYF | FSE: K47 ListingsTSX Venture (Canada) | OTCQB (USA) | Frankfurt (Germany) Market cap~C$26. million (as of Nov 3, 2025) Share priceC$0.13 (TSXV intraday at time of publication) Market size The global hydrogen market is poised for significant growth, with projections indicating a rise from USD 225.12 billion in 2025 to USD 312.90 billion by 2030, at a CAGR of 6.8%. IndustryClean UHP hydrogen production & industrial gases distribution Websitehttps://www.charbone.com/ Executive SummaryCharbone Corporation (TSXV:CH) is a Canadian-based clean ultra-high-purity ("UHP") hydrogen producer and in
SLINGERLANDS, N.Y., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced the execution of a binding supply agreement with Allied Biofuels FE LLC (ABF) for up to 2 gigawatts (GW) of Plug's GenEco PEM electrolyzer systems. The agreement supports ABF's development of sustainable aviation fuel (SAF), electro-sustainable aviation fuel (eSAF) and green diesel, with a final investment decision expected in the fourth quarter of 2026. Building on the previously announced 3 GW collaboration with Allied Green Ammonia (AGA) in Australia, this new supply agreement with Allied Biofuels FE LLC (ABF)
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2025) - Energy Plug Technologies Corp. (CSE:PLUG) (OTCQB:PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company") is pleased to announce that an existing client has placed a pre-order for 20 units of its next-generation 261-kilowatt-hour (kWh) Battery Energy Storage System (ESS).The new system is being co-developed with SEETEL New Energy (TWSE: 7740), Quantum eMotion Corp. (CSE:QNC), and Malahat Battery Technologies, an Indigenous-owned company within the Malahat Nation. Delivery of the first units is expected in early 2026, pending UL certification for sale in both the United States and Canada.Energy Plug's 261 kWh ESS is engineered to op
SLINGERLANDS, N.Y., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced a strategic partnership with Edgewood Renewables to support the development and construction of its advanced renewable fuel facility in North Las Vegas, Nevada. The project is designed to process waste biomass feedstocks to produce sustainable aviation fuel (SAF), renewable diesel (RD), and biomethanol, while utilizing, within its process, renewable natural gas (RNG) and low-carbon hydrogen. All of the end products that will be produced at the facility are "drop-in" fuels that can go into today's aviation, trucki
SLINGERLANDS, N.Y., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced the successful deployment of its GenDrive hydrogen fuel cell systems and GenFuel hydrogen infrastructure at Floor & Decor's Frederickson, WA distribution center. This partnership marks the first implementation of a zero-emission material handling fleet for the leading specialty retailer of hard-surface flooring. Plug has equipped Floor & Decor's Frederickson facility with a complete hydrogen ecosystem, powering 77 pieces of material handling equipment with Plug's end-to-end hydrogen infrastructure. This includes
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2025) - Energy Plug Technologies Corp. (CSE:PLUG) (OTCQB:PLGGF) (FSE: 6GQ), SEETEL New Energy Co. Ltd., (7740.TW) and Quantum eMotion Corp. (TSXV:QNC) (OTCQB:QNCCF) are pleased to announce a strategic collaboration to co-develop and commercialize a 261-kilowatt-hour (kWh) fully integrated AC plug-and-play Battery Energy Storage System (BESS) engineered for Arctic and high-resilience environments worldwide.The global Battery Energy Storage System (BESS) market, currently valued around US $8-10 billion, is projected to exceed US $80-100 billion by 2034, driven by renewable energy integration, falling battery costs, and grid-modernizat
SLINGERLANDS, N.Y., Oct. 21, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced the completion of the first phase of its hydrogen supply delivery of 44.5 metric tons for H2CAST (Hydrogen Cavern Storage Transition), a joint project led by Gasunie and STORAG ETZEL in Germany. Gasunie is an energy-infrastructure company and operator of gas pipelines in the Netherlands and North West Germany and STORAG ETZEL is the largest independent supplier of cavern storage facilities in Germany. The initiative is repurposing two existing salt caverns into underground storage for renewable hydrogen. Such proj
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. 15, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced its participation in a non-deal roadshow hosted by TD Cowen taking place this week in Montreal and Toronto, Canada. These investor meetings continue Plug's ongoing commitment to transparent communication, disciplined execution, and strong engagement with the financial community. Details for Non-Deal Participants: Paul Middleton, CFO, Plug PowerRoberto Friedlander, Vice President of Investor Relations, Plug Power Further detail on Plug's investor conference and roadshow participation is available in the investor
SLINGERLANDS, N.Y., Oct. 09, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, announced today its participation in two concurrent non-deal roadshows taking place this week in Paris and Boston. These simultaneous investor meetings reinforce Plug's ongoing commitment to open communication, disciplined execution, and strong engagement with the financial community. Details for Non-deal Roadshow: Redburn Atlantic – CFO Paul Middleton participating in investor meetings in Paris, France.Canaccord – President and Chief Revenue Officer Jose Luis Crespo and Vice President of Investor Relations Roberto Friedlander
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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
Piper Sandler downgraded Plug Power from Neutral to Underweight and set a new price target of $2.30 from $6.50 previously
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
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Live Leadership Updates
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
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
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• 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
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
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