• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Plug Power Announces Continued Cash Flow Improvement and Progress on Path to Profitability

    3/3/25 5:01:50 PM ET
    $PLUG
    Industrial Machinery/Components
    Energy
    Get the next $PLUG alert in real time by email

    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 facilities, increasing pricing on certain offerings, reducing working capital, and reprioritizing certain hydrogen and new product investments. These collective strategic actions drove a substantial reduction in cash burn throughout 2024, with notably strong improvements in the fourth quarter of 2024.

    Despite the significant improvement in cash burn, the Company determined that the strategic actions to temper the investment pace on certain platforms, coupled with the fact that certain markets are developing slower than anticipated, collectively resulted in accounting conclusions to record varied non-cash impairments of certain long-lived and intangible assets.

    In addition, given ongoing market conditions and the Company's decision to focus more on certain markets and temper the pace of investments on medium-term opportunities, the Company has determined it was prudent to take additional measures to optimize its operational footprint, resources, and ongoing expenses. The Company is calling these collective measures "Project Quantum Leap". These measures are expected to include additional reductions in the workforce over the coming weeks, furthering its rooftop facility consolidations, additional reductions in discretionary spending, additional reduction and leveraging of inventory, and limiting capital expenditures to near-term critical requirements. Project Quantum Leap is targeted to reduce annual expenses in the range of $150 million to $200 million.

    We expect that taking these actions will further improve margins and cash flows, and accelerate the path to profitability. As Plug continues to drive innovation and expansion in the hydrogen economy, the Company remains focused on strengthening its financial foundation and executing its growth strategy with discipline and efficiency.

    Financial Highlights

    • Revenues: In the fourth quarter of 2024, Plug reported revenue of $191.5 million, reflecting a key commercial inflection point in electrolyzer deployments, continued expansion of its hydrogen network, and increased utilization of its manufacturing footprint. Customer warrant charges for the fourth quarter of 2024 totaled $22.7 million, an elevated amount driven by updated forecasts and the timing of customer programs.
    • Liquidity Management: In the fourth quarter of 2024, operating cash flow improved by 25% quarter-over-quarter (QoQ) and 46% year-over-year (YoY), driven by margin expansion and increased working capital efficiency. For the full year of 2024, operating cash flow burn also improved by 34% compared to 2023, reflecting the Company's ongoing focus on financial discipline and operational optimization. In terms of capital expenditures, outlays were down by 56% quarter-over-quarter (QoQ) and 52% for the full year of 2024 compared to 2023. This stems from Plug driving key strategic projects to conclusion and limiting incremental investments, as the Company focuses on leveraging recently established platforms to drive cash leverage. 
    • Gross Margin Loss: In the fourth quarter of 2024, Plug reported a gross margin loss of 122%, which included the impact of non-cash adjustments of approximately $22.7 million in customer warrant charges and $104.2 million in inventory valuation adjustments. The inventory valuation adjustments were deemed necessary given the strategic slowdown of certain market investments in mobility, high-power stationary applications, and the development of other products. For the full year of 2024, the results included an estimated reduced amount of labor, overhead, and outside services of approximately $42 million (excluding absorption variation for inventory build/reductions). This stems in part from targeted cost reduction including labor optimization and rooftop consolidation. For the full year of 2024, the results also reflect improvements in contribution margin for service and fuel given the Company's focus on price increases, cost downs, and the leverage of its hydrogen platform buildout. These cost downs were complemented by additional reductions in operational expenses for SG&A and R&D driving enhanced overall operational leverage.

    • Asset Impairment and Bad Debt Charges: Plug recorded $971.3 million in non-cash charges for varied asset impairments and bad debt provision in operating expenses in the fourth quarter of 2024 due to strategic shifts in its business operations stemming from pushouts of market demand and overall market dynamics. The impairment charges recorded will reduce the associated future depreciation and amortization, including an estimated $55 million to $60 million for 2025. The types of assets related to the impairment charges recorded in the fourth quarter of 2024 include property plant and equipment, right-of-use assets, intangible assets, non-marketable equity investments, contract assets, and assets associated with power purchase agreements and fuel.

    Operational and Strategic Highlights

    • 2024 Electrolyzer Milestone and Strong Basic Engineering and Design Package (BEDP) Pipeline Supporting Future Growth: Plug reported another quarter of growth as its electrolyzer business continues to scale. In the fourth quarter of 2024, electrolyzer revenue increased 583% YoY, driven by the recognition of revenue from 5-megawatt (MW) system sales and a large-scale order deployment. During the fourth quarter of 2024, Plug announced a significant purchase agreement with Allied Green Ammonia (AGA), under which the Company will supply three gigawatts (GW) of electrolyzer capacity for AGA's cutting-edge green hydrogen-to-ammonia plant in Australia. This agreement further strengthens Plug's position for continued growth in 2025 and beyond. To date, Plug has secured more than 8 GW in global BEDP contracts, with ongoing progress across its customer base.

    • Hydrogen Production Network and Louisiana Plant Update: Plug continues to strengthen its hydrogen business by effectively leveraging its internal network of hydrogen plants. The Company's joint venture hydrogen plant with Olin Corporation in Louisiana is on track for full operation, with final commissioning nearly complete. This expansion is expected to increase Plug's hydrogen nameplate network capacity to over 39 tons per day (TPD), supporting continued growth in hydrogen sales and margin expansion through 2025. We believe this expansion will further enhance Plug's ability to meet growing customer demand, providing key partners like Amazon and Walmart with reliable, vertically integrated hydrogen solutions.

    • Continued Momentum in Material Handling, with Safe Harbor from Key Customer Demonstrating Ongoing Interest: Plug anticipates its material handling business to grow approximately 10-20% YoY, driven by increased customer diversification and ongoing deployments with key pedestal customers. In the fourth quarter of 2024, a major customer placed an approximate $10 million order, positioning over $200 million in equipment opportunities by using this $10 million order to facilitate a safe harbor investment structure. We believe this development underscores the strong growth trajectory and expanding market opportunities within the material handling segment.

    • Liquidity Planning:  

      • Cash Management: Plug closed 2024 with over $200 million in unrestricted cash on its balance sheet as we enter 2025. The improvement in cash burn in the fourth quarter makes it clear the initiatives in 2024 are significantly reducing cash burn for the Company. Given that 2025 will include a full year of benefits from activities undertaken in 2024, coupled with incremental benefits from Project Quantum Leap as outlined above, the cash burn in 2025 is expected to continue to significantly improve.  
      • Investment Tax Credit (ITC) Transfers: Plug is pleased to have completed the transfer of approximately $30 million in energy storage ITC related to the hydrogen liquefier at its hydrogen generation plant in Woodbine, GA. This transaction demonstrates Plug's ability to leverage its assets to provide non-dilutive financing options. The Company plans to leverage a similar strategy for its Louisiana and Texas hydrogen plants and pursue sales of various other asset ITC opportunities.
      • Department of Energy (DOE) Loan Update: Plug recently closed the $1.66 billion DOE Loan Guarantee program. Plug has invested over $250 million in the project to date. To complete the project, Plug estimates an additional required investment of approximately $600 million. Of this additional investment, the DOE loan is targeted to cover approximately $400M. To cover the investment amount outside the DOE loan, Plug has targeted a process of working with project finance and potential equity investors. The Company has made progress aligning with interested parties and anticipates culminating that process commensurate with kicking off the project in the coming months. Construction is expected to take approximately 18 months once its engineering, procurement, and construction (EPC) contractor is mobilized. This remains an important project for the future and is expected to benefit the Company and the U.S. market once completed, but the Company will be prudent about the timing of mobilizing the project to ensure third-party funding given this project is not correlated to near-term sales and margin goals.

    CEO Statement

    Plug CEO Andy Marsh stated: "2024 was a year of strong execution and meaningful strategic progress for Plug as we advanced our initiatives and made strides in driving the hydrogen economy forward. While we made great strides in improving cash flows in 2024, it is clear based on market dynamics that we have to make additional strides, therefore we are initiating Project Quantum Leap to further position Plug for success in the near and long term by continuing to leverage the platforms we have built while further optimizing the Company. Hydrogen plays a crucial role in energy diversification and contributes to both economic growth and job creation. Plug has the solutions in place today, and we are committed to scaling further, ready to support the world's energy goals and the increasing demand for reliable and resilient energy systems."

    Conference Call

    Plug has scheduled a conference call on March 4, at 8:30 AM ET to review the Company's results for the fourth quarter and full year of 2024. Interested parties are invited to listen to the conference call by calling 877-407-9221 / +1 201-689-8597.

    The webcast can be accessed at: https://event.webcasts.com/starthere.jsp?ei=1709272&tp_key=dd1df42c9a

    A playback of the call will be available online for a period following the event.

    About Plug Power

    Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the Company has deployed more than 72,000 fuel cell systems and over 275 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.

    With plans to operate a green hydrogen highway across North America and Europe, Plug built a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and is developing multiple green hydrogen production plants for commercial operation. Plug delivers its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications.

    For more information, visit www.plugpower.com.

    Safe Harbor

    This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug, including but not limited to statements about Project Quantum Leap and the anticipated benefits from the implementation of such initiative, including the anticipated reductions in annual expenses; Plug's ability to deliver on its business and strategic objectives; Plug's expectations regarding its financial profile and market outlook, including anticipated improvements to Plug's path to profitability, cash generation, estimated reductions in future depreciation and amortization, and anticipated improvements in Plug's cash burn; Plug's expectations regarding its projects and products, including its hydrogen production network, Louisiana hydrogen plant, material handling products, electrolyzer projects and new products in its energy business, and Plug's plans regarding its production plants and the timing of the development and commercial operation of such plants; and Plug's expectations regarding the DOE Loan, including anticipated funding timeline, anticipated construction timeline and expectations that the DOE Loan will benefit Plug and the U.S. market in the future. 

    You are cautioned that such statements should not be read as a guarantee of future performance or results as such statements are subject to risks and uncertainties. Actual performance or results may differ materially from those expressed in these statements as a result of various factors, including, but not limited to, the following: the anticipated benefits and actual savings and costs resulting from the implementation of cost-reduction measures, including workforce reductions and limits on discretionary spending, inventory and capital expenditures; the risk that Plug's ability to achieve its business objectives and to continue to meet its obligations is dependent upon its ability to maintain a certain level of liquidity, which will depend in part on its ability to manage its cash flows; the risk that the funding of the DOE Loan may be delayed and the risk that Plug may not be able to satisfy all of the technical, legal, environmental or financial conditions acceptable to the Department of Energy to receive the full DOE Loan; the risk that Plug may continue to incur losses and might never achieve or maintain profitability; the risk that Plug may not be able to raise additional capital to continue its operations and such capital may not be available to Plug on favorable terms or at all; the risk that Plug may not be able to expand its business or manage its future growth effectively; the risk that global economic uncertainty, including inflationary pressures, fluctuating interest rates, currency fluctuations, increase in tariffs, and supply chain disruptions, may adversely affect Plug's operating results; the risk that Plug may not be able to obtain from its hydrogen suppliers a sufficient supply of hydrogen at competitive prices or the risk that Plug may not be able to produce hydrogen internally at competitive prices; the risk that delays in or not completing its product and project development goals may adversely affect its revenue and profitability; the risk that its estimated future revenue may not be indicative of actual future revenue or profitability; the risk of elimination, nonrenewal, reduction of, or changes in qualifying criteria for government subsidies and economic incentives for alternative energy products, including the Inflation Reduction Act and its qualification to utilize the ITC; the risk that volatility in commodity prices and product shortages may adversely affect Plug's gross margins and financial results; and the risk that Plug may not be able to manufacture and market products on a profitable and large-scale commercial basis. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Plug in general, see Plug's public filings with the Securities and Exchange Commission, including the "Risk Factors" section of Plug's Annual Report on Form 10-K for the year ended December 31, 2024 as well as any subsequent filings. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Plug disclaims any obligation to update forward-looking statements except as may be required by law.

    Media Contact:

    Fatimah Nouilati

    Plug Power Inc.

    Email: [email protected]



    Primary Logo

    Get the next $PLUG alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $PLUG

    DatePrice TargetRatingAnalyst
    1/27/2025$1.00Neutral → Sell
    Seaport Research Partners
    11/14/2024Buy → Neutral
    BTIG Research
    4/5/2024$2.00Neutral → Sell
    Citigroup
    2/6/2024$4.75Buy → Neutral
    UBS
    2/6/2024$4.50Neutral
    Redburn Atlantic
    2/6/2024Buy → Neutral
    Seaport Research Partners
    1/31/2024$4.50 → $9.00Neutral → Buy
    ROTH MKM
    1/24/2024$3.50 → $2.50Market Perform → Underperform
    BMO Capital Markets
    More analyst ratings

    $PLUG
    Leadership Updates

    Live Leadership Updates

    See more
    • Plug Power Hosts 2024 Plug Symposium

      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

      11/13/24 7:00:00 AM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • PLUG TO BROADCAST 2024 PLUG SYMPOSIUM ON NOVEMBER 13, 2024

      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

      11/7/24 7:00:00 AM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • Plug to Announce 2024 Third Quarter Results

      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

      11/4/24 8:36:21 AM ET
      $PLUG
      Industrial Machinery/Components
      Energy

    $PLUG
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Plug Power Closes $525 Million Secured Credit Facility with Yorkville Advisors

      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

      5/6/25 7:00:00 AM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • Plug Power Signs $525 Million Secured Credit Facility with Yorkville Advisors and Reports Strong Preliminary Q1 2025 Results

      SLINGERLANDS, N.Y., April 28, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions, today announced it has signed a definitive agreement for a secured debt facility and achieved key operational and financial milestones that support its path toward profitability and long-term growth. Up to $525 Million Yorkville Credit Facility and Retirement of Dilutive Debenture Plug has signed a definitive agreement for a secured debt facility with Yorkville Advisors providing for the issuance of up to $525 million of secured debentures. The facility includes an initial $210 million tranche, which will be fully funded at the initial closing and add

      4/28/25 7:47:13 AM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • Hidrogenii, an Olin and Plug Joint Venture, Commissions 15 Ton Per Day Hydrogen Liquefaction Plant in Louisiana

      Hydrogen Capture Enhances Sustainability and Profitability of Olin's St. Gabriel FacilityPlug US Hydrogen Capacity now at 40 metric-ton-per-day (TPD)CLAYTON, Mo., April 17, 2025 /PRNewswire/ -- Olin Corporation (NYSE:OLN) announced today that Hidrogenii, the joint venture between Olin and Plug Power Inc. (NASDAQ:PLUG), commissioned its 15 TPD hydrogen liquefaction plant in St. Gabriel, Louisiana. Among the largest electrolytic hydrogen liquefaction facilities in North America, the site marks a major milestone in strengthening the regional hydrogen supply chain and accelerating the U.S. transition to low-carbon energy.

      4/17/25 7:30:00 AM ET
      $OLN
      $PLUG
      Major Chemicals
      Industrials
      Industrial Machinery/Components
      Energy

    $PLUG
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more

    $PLUG
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more

    $PLUG
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more

    $PLUG
    Financials

    Live finance-specific insights

    See more

    $PLUG
    SEC Filings

    See more
    • Plug Power downgraded by Seaport Research Partners with a new price target

      Seaport Research Partners downgraded Plug Power from Neutral to Sell and set a new price target of $1.00

      1/27/25 8:08:33 AM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • Plug Power downgraded by BTIG Research

      BTIG Research downgraded Plug Power from Buy to Neutral

      11/14/24 7:47:32 AM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • Plug Power downgraded by Citigroup with a new price target

      Citigroup downgraded Plug Power from Neutral to Sell and set a new price target of $2.00

      4/5/24 7:44:10 AM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • Gen. Coun, Corp Sec., Exec. VP Conway Gerard L Jr covered exercise/tax liability with 16,188 shares, decreasing direct ownership by 6% to 259,482 units (SEC Form 4)

      4 - PLUG POWER INC (0001093691) (Issuer)

      5/7/25 4:06:44 PM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • Chief Revenue Officer Crespo Jose Luis covered exercise/tax liability with 16,689 shares, decreasing direct ownership by 5% to 307,332 units (SEC Form 4)

      4 - PLUG POWER INC (0001093691) (Issuer)

      5/7/25 4:06:17 PM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • Corporate Controller and CAO Hull Martin Daniel covered exercise/tax liability with 18,650 shares, decreasing direct ownership by 9% to 179,873 units (SEC Form 4)

      4 - PLUG POWER INC (0001093691) (Issuer)

      5/7/25 4:05:47 PM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • Amendment: SEC Form SC 13D/A filed by Plug Power Inc.

      SC 13D/A - PLUG POWER INC (0001093691) (Subject)

      11/6/24 4:01:19 PM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • SEC Form SC 13G filed by Plug Power Inc.

      SC 13G - PLUG POWER INC (0001093691) (Subject)

      10/10/24 4:49:06 PM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • SEC Form SC 13G/A filed by Plug Power Inc. (Amendment)

      SC 13G/A - PLUG POWER INC (0001093691) (Subject)

      2/13/24 5:12:07 PM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • Plug Power Closes $525 Million Secured Credit Facility with Yorkville Advisors

      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

      5/6/25 7:00:00 AM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • Plug Power Announces Continued Cash Flow Improvement and Progress on Path to Profitability

      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

      3/3/25 5:01:50 PM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • Plug Power Announces Key Strategic Milestones and Continued Margin Improvement in Third Quarter 2024

      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

      11/12/24 7:00:00 AM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • Amendment: SEC Form 10-K/A filed by Plug Power Inc.

      10-K/A - PLUG POWER INC (0001093691) (Filer)

      4/30/25 4:22:54 PM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • Plug Power Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Results of Operations and Financial Condition, Creation of a Direct Financial Obligation, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - PLUG POWER INC (0001093691) (Filer)

      4/28/25 7:52:57 AM ET
      $PLUG
      Industrial Machinery/Components
      Energy
    • Plug Power Inc. filed SEC Form 8-K: Other Events

      8-K - PLUG POWER INC (0001093691) (Filer)

      3/20/25 4:27:40 PM ET
      $PLUG
      Industrial Machinery/Components
      Energy