Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell (HFC) turnkey solutions. The company's innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while providing efficiency gains and meeting sustainability goals. Plug Power created the first commercially viable market for hydrogen fuel cell (HFC) technology. As a result, the company has deployed over 40,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America. Plug Power delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs. Plug Power's vertically-integrated GenKey solution ties together all critical elements to power, fuel, and provide service to customers such as Amazon, BMW, The Southern Company, Carrefour, and Walmart. The company is now leveraging its know-how, modular product architecture and foundational customers to rapidly expand into other key markets including zero-emission on-road vehicles, robotics, and data centers.

Company profile
Ticker
PLUG
Exchange
Website
CEO
Andrew Marsh
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Plug Project Holding Co. LLC • Yellowtail Energy, LLC • Gateway Hydrogen, LLC • Youngwind, LLC • Peachtree Renewables, LLC • Plug Power Limestone LLC • Heartland Solar 1, LLC • LA JV LLC • United Hydrogen Group, Inc. • Alloy Custom Products, LLC ...
IRS number
223672377
PLUG stock data
Analyst ratings and price targets
Latest filings (excl ownership)
424B7
Prospectus with selling stockholder info
13 Mar 23
10-K
2022 FY
Annual report
1 Mar 23
8-K
Plug Reports Largest Quarterly and Annual Revenue in Company’s History
1 Mar 23
8-K
Plug Power and Johnson Matthey announce long-term strategic partnership to accelerate the hydrogen economy
31 Jan 23
8-K
Results of Operations and Financial Condition
25 Jan 23
8-K
Termination of a Material Definitive Agreement
19 Dec 22
10-Q
2022 Q3
Quarterly report
8 Nov 22
8-K
Plug Reports $188.6M in Revenue in Q3 2022, Up 31% Year Over Year
8 Nov 22
8-K
Regulation FD Disclosure
21 Oct 22
8-K
Plug, FreezPak Logistics Expand Agreement to Supply Fuel Cells at 9 Additional Sites
19 Oct 22
Transcripts
PLUG
Earnings call transcript
2022 Q4
1 Mar 23
PLUG
Earnings call transcript
2022 Q3
8 Nov 22
PLUG
Earnings call transcript
2022 Q2
10 Aug 22
PLUG
Earnings call transcript
2022 Q1
10 May 22
PLUG
Earnings call transcript
2021 Q4
1 Mar 22
PLUG
Earnings call transcript
2021 Q3
10 Nov 21
PLUG
Earnings call transcript
2021 Q2
6 Aug 21
PLUG
Earnings call transcript
2021 Q1
22 Jun 21
PLUG
Earnings call transcript
2020 Q4
25 Feb 21
PLUG
Earnings call transcript
2020 Q3
9 Nov 20
Latest ownership filings
Financial summary
Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.55 bn | 1.55 bn | 1.55 bn | 1.55 bn | 1.55 bn | 1.55 bn |
Cash burn (monthly) | 335.25 mm | 131.90 mm | 77.91 mm | 61.06 mm | 102.19 mm | 69.05 mm |
Cash used (since last report) | 997.26 mm | 392.37 mm | 231.76 mm | 181.64 mm | 303.99 mm | 205.41 mm |
Cash remaining | 552.08 mm | 1.16 bn | 1.32 bn | 1.37 bn | 1.25 bn | 1.34 bn |
Runway (months of cash) | 1.6 | 8.8 | 16.9 | 22.4 | 12.2 | 19.5 |
Institutional ownership, Q4 2022
65.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 551 |
Opened positions | 93 |
Closed positions | 95 |
Increased positions | 180 |
Reduced positions | 164 |
13F shares | Current |
---|---|
Total value | 3.95 tn |
Total shares | 388.89 mm |
Total puts | 21.61 mm |
Total calls | 13.54 mm |
Total put/call ratio | 1.6 |
Largest owners | Shares | Value |
---|---|---|
Grove Energy Capital | 54.97 mm | $1.36 bn |
Vanguard | 51.87 mm | $641.64 bn |
BLK Blackrock | 50.85 mm | $628.98 bn |
Voya Investment Management | 17.40 mm | $215.21 bn |
BNP Paribas Asset Management Holding | 17.21 mm | $216.58 bn |
Norges Bank | 17.07 mm | $211.18 bn |
D. E. Shaw & Co | 16.14 mm | $547.24 mm |
STT State Street | 14.35 mm | $177.50 bn |
MS Morgan Stanley | 10.05 mm | $124.35 bn |
Geode Capital Management | 7.63 mm | $96.04 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
3 Jan 23 | Helmer Maureen O | Common Stock | Grant | Acquire A | No | No | 12.37 | 859 | 10.63 k | 128,685 |
3 Jan 23 | Bua Jean A | Common Stock | Grant | Acquire A | No | No | 12.37 | 808 | 9.99 k | 8,590 |
3 Jan 23 | Willis Gary K | Common Stock | Grant | Acquire A | No | No | 12.37 | 909 | 11.24 k | 426,460 |
3 Jan 23 | Silver Jonathan M | Common Stock | Grant | Acquire A | No | No | 12.37 | 1,314 | 16.25 k | 59,935 |
Press releases
Thinking about buying stock in Advent Technologies, Generation Bio, Exela Technologies, Mullen Automotive, or Plug Power?
23 Mar 23
Plug-Powered Airliner Takes Off at Washington State Airport
2 Mar 23
Thinking about buying stock in OncoSec Medical, Diversified Healthcare, Cardio Diagnostics, Plug Power, or Macy's?
2 Mar 23
Plug Power Announces 2022 Fourth Quarter and Year End Results
1 Mar 23
Plug and ACCIONA Energía Present in Spain Their 'Valle H2V Navarra' Project to the Government of Navarra
21 Feb 23