Plug Power Inc. (NASDAQ:PLUG)

Stock Price: $17.38

-0.51 (-2.85%)

Updated Feb 3, 2023 09:00 PM GMT+0000

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Overview

Financials

Statistics

Profile

Chart

Market Cap	10.13B
Revenue	637.86M
Gross Profit	-136.45M
Shares Out	582.90M
EPS (ttm)	-1.2
PE Ratio	-14.6092
Forward PE	-28.7582
Dividend Rate (ttm)	0.0000
Dividend Yield	0.0000

Trading Day	Feb 3
Last Price	$17.38
Previous Close	$17.89
Change ($)	-0.51
Change (%)	-2.85%
Day's Open	17.22
Day's Range	17.1 - 18.07
Day's Volume	13.43M
52 Week Range	11.49 - 32.05

About Plug Power

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.

NASDAQ:PLUG stock is currently trading at $17.38 as of 09:00 PM UTC, Feb 3, 2023. Use the financials tab to find out more about Plug Power's key financial metrics and recent earnings reports, or track its share price in real time on the chart tab. If you would like to buy shares in Plug Power, our detailed guide explains how to buy Plug Power stock.

News

Should I invest in Plug Power shares after the current rally? November 15, 2022

This clean energy company just signed a big deal with Amazon August 25, 2022

Plug Power stock is up 26% in a month. Best to buy now? March 21, 2022

Should I buy Plug Power shares after Cowen assigned a buy rating? March 6, 2022

Should you buy Plug Power shares after receiving an upgrade from Morgan Stanley? October 13, 2021

Plug Power stock price forecast for Q4 amid hydrogen fuel cell expansion plans October 6, 2021

Plug Power shares rise despite earnings miss: should you buy or sell? August 6, 2021

Is Plug Power a buy now after a narrow miss on earnings? June 22, 2021

Quick info

Country

United States

Industry

Other Commercial and Service Industry Machinery Manufacturing

Sector

Manufacturing

Employees

2,249

CEO

Andrew Marsh

Address

968 Albany Shaker Rd
Latham
New York
12110-1401

Phone

15187827700

Website

www.plugpower.com

Ticker Symbol

PLUG

Exchange

NASDAQ Stock Exchange

Reporting Currency

USD

Plug Power Inc. income statements (2022) (USD)

	August 2022
Total Revenue	151.27M
Cost of Revenue	182.66M
Gross Profit	-31.4M
Research & Development	23.56M
Selling General & Admin	95.95M
Operating Expense	303.24M
Operating Income	-151.98M
Other Income Expense Net	0
EBIT	-151.98M
Interest Income	7.37M
Pretax Income	-172.87M
Income Tax	423K
Minority Interest	0
Net Income	-173.3M
Net Income Basic	-173.3M

Plug Power Inc. income statements (2021) (USD)

	November 2021
Total Revenue	145.22M
Cost of Revenue	168.83M
Gross Profit	-23.62M
Research & Development	16.63M
Selling General & Admin	42.42M
Operating Expense	235.35M
Operating Income	-90.13M
Other Income Expense Net	0
EBIT	-90.13M
Interest Income	5.36M
Pretax Income	-106.67M
Income Tax	0
Minority Interest	0
Net Income	-106.67M
Net Income Basic	-106.67M

Plug Power Inc. income statements (2020) (USD)

	November 2020	June 2020	March 2020	March 2020
Total Revenue	106.99M	68.07M	40.81M	40.81M
Cost of Revenue	103.97M	62.99M	45.28M	45.28M
Gross Profit	3.02M	5.08M	-4.47M	-4.47M
Research & Development	11.96M	9.76M	10.41M	10.41M
Selling General & Admin	14.28M	21.66M	11.01M	11.01M
Operating Expense	134.52M	94.41M	66.71M	66.71M
Operating Income	-27.53M	-26.34M	-25.9M	-25.9M
Other Income Expense Net	0	24K	-11.58M	-11.58M
EBIT	-27.53M	-26.34M	-25.9M	-25.9M
Interest Income	0	13.20M	11.58M	11.58M
Pretax Income	-45.9M	-26.32M	-37.48M	-37.48M
Income Tax	-6.52M	-17.66M	N.A	N.A
Minority Interest	0	0	0	0
Net Income	-39.38M	-8.66M	-37.48M	-37.48M
Net Income Basic	-39.38M	-8.67M	-37.49M	-37.49M

Plug Power Inc. income statements (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Total Revenue	98.20M	56.38M	57.07M	18.59M
Cost of Revenue	78.88M	51.11M	46.91M	25.36M
Gross Profit	19.32M	5.26M	10.15M	-6.77M
Research & Development	9.34M	8.03M	8.93M	7.37M
Selling General & Admin	10.98M	10.40M	13.63M	9.32M
Operating Expense	99.21M	69.54M	69.47M	42.06M
Operating Income	-1M	-13.17M	-12.41M	-23.47M
Other Income Expense Net	-10.73M	-8.06M	-6.16M	-10.47M
EBIT	-1M	-13.17M	-12.41M	-23.47M
Interest Income	10.81M	8.49M	7.86M	8.35M
Pretax Income	-11.74M	-21.23M	-18.56M	-33.94M
Income Tax	N.A	N.A	N.A	N.A
Minority Interest	0	0	0	0
Net Income	-11.74M	-21.23M	-18.56M	-33.94M
Net Income Basic	-11.75M	-21.24M	-18.59M	-33.99M

Plug Power Inc. income statements (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Total Revenue	59.82M	53.17M	36.01M	27.20M
Cost of Revenue	55.31M	48.76M	38.32M	31.18M
Gross Profit	4.51M	4.41M	-2.31M	-3.98M
Research & Development	8.43M	8.40M	8.43M	8.65M
Selling General & Admin	9M	8.65M	12.24M	8.31M
Operating Expense	72.74M	65.81M	58.98M	48.14M
Operating Income	-12.92M	-12.65M	-22.98M	-20.94M
Other Income Expense Net	-5.56M	-4.64M	-5.8M	-1.85M
EBIT	-12.92M	-12.65M	-22.98M	-20.94M
Interest Income	6.54M	6.35M	6.14M	3.11M
Pretax Income	-18.48M	-17.28M	-28.78M	-22.79M
Income Tax	-1.64M	-1.72M	-2.91M	-2.95M
Minority Interest	0	0	0	0
Net Income	-16.85M	-15.57M	-25.87M	-19.84M
Net Income Basic	-16.86M	-15.58M	-25.88M	-19.85M

Plug Power Inc. income statements (2017) (USD)

	December 2017	September 2017	June 2017
Total Revenue	31.87M	35.37M	20.78M
Cost of Revenue	32.53M	54.78M	24.33M
Gross Profit	-657K	-19.41M	-3.54M
Research & Development	8.63M	7.44M	6.63M
Selling General & Admin	8.43M	9.54M	11.20M
Operating Expense	49.59M	71.75M	42.16M
Operating Income	-17.72M	-36.38M	-28.07M
Other Income Expense Net	-1.72M	-4.6M	-14.55M
EBIT	-17.72M	-36.38M	-28.07M
Interest Income	2.99M	2.72M	2.25M
Pretax Income	-19.44M	-40.98M	-42.62M
Income Tax	N.A	N.A	N.A
Minority Interest	0	0	0
Net Income	-19.44M	-40.98M	-42.62M
Net Income Basic	-19.45M	-41.01M	-42.65M

Plug Power Inc. balance sheet (2022) (USD)

	August 2022
Current Cash	3.11B
Receivables	61.50M
Inventory	429.55M
Current Assets	3.89B
Other Current Assets	150.81M
Short Term Investments	150.81M
Long Term Investments	1.84B
Property/Plant Equipment	475.69M
Good Will	N.A
Intangible Assets	204.21M
Tangible Assets (Net)	3.90B
Other Assets	87.26M
Total Assets	5.73B
Accounts Payable	146.17M
Other Current Liabilities	227.52M
Total Current Liabilities	427.77M
Total Liabilities	1.40B
Long Term Debt	537.54M
Current Long Term Debt	54.09M
Minority Interest	0
Common Stock	578.04M
Treasury Stock	-75.19M
Retained Earnings	-2.73B
Capital Surplus	N.A
Shareholder Equity	4.34B
Other Liabilities	N.A

Plug Power Inc. balance sheet (2021) (USD)

	November 2021	June 2021	May 2021
Current Cash	4.12B	4.75B	1.31B
Receivables	132.37M	42.63M	43.04M
Inventory	229.81M	187.73M	139.39M
Current Assets	4.79B	5.10B	1.60B
Other Current Assets	210.40M	49.10M	44.32M
Short Term Investments	210.40M	49.10M	44.32M
Long Term Investments	0.95B	690.06M	648.09M
Property/Plant Equipment	169.59M	94.09M	80.27M
Good Will	N.A	N.A	N.A
Intangible Assets	37.64M	38.39M	39.25M
Tangible Assets (Net)	4.60B	4.81B	1.36B
Other Assets	114.57M	79.44M	75.52M
Total Assets	5.74B	5.79B	2.25B
Accounts Payable	68.38M	47.17M	50.20M
Other Current Liabilities	139.72M	89.32M	113.16M
Total Current Liabilities	269.94M	191.81M	222.37M
Total Liabilities	1.03B	867.18M	784.36M
Long Term Debt	505.35M	490.79M	388.98M
Current Long Term Debt	61.84M	55.33M	59.01M
Minority Interest	0	0	0
Common Stock	574.52M	513.46M	426.31M
Treasury Stock	-71.17M	-40.43M	-40.43M
Retained Earnings	-2.2B	-2B	-1.95B
Capital Surplus	N.A	N.A	N.A
Shareholder Equity	4.71B	4.92B	1.47B
Other Liabilities	N.A	N.A	N.A

Plug Power Inc. balance sheet (2020) (USD)

	November 2020	June 2020	March 2020	March 2020
Current Cash	448.14M	152.49M	74.34M	74.34M
Receivables	113.13M	45.52M	24.44M	24.44M
Inventory	134.31M	114.57M	92.97M	92.97M
Current Assets	778.01M	394.66M	277.05M	277.05M
Other Current Assets	26.73M	61.59M	64.72M	64.72M
Short Term Investments	26.73M	N.A	N.A	N.A
Long Term Investments	722.62M	N.A	N.A	N.A
Property/Plant Equipment	374.30M	334.74M	269.39M	269.39M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	39.17M	38.57M	5.30M	5.30M
Tangible Assets (Net)	506.31M	57.16M	84M	84M
Other Assets	9.66M	191.94M	188.13M	188.13M
Total Assets	1.50B	1.03B	748.54M	748.54M
Accounts Payable	58.79M	39.81M	35.50M	35.50M
Other Current Liabilities	81.18M	59.91M	36.25M	36.25M
Total Current Liabilities	263.85M	208.35M	151.62M	151.62M
Total Liabilities	883.19M	790.35M	638.72M	638.72M
Long Term Debt	264.47M	545.20M	464.17M	464.17M
Current Long Term Debt	123.88M	82.68M	44.87M	44.87M
Minority Interest	0	0	0	0
Common Stock	2.09B	332.91M	306.96M	306.96M
Treasury Stock	-40.43M	31.36M	31.22M	31.22M
Retained Earnings	-1.43B	-1.39B	-1.38B	-1.38B
Capital Surplus	N.A	1.66B	1.52B	1.52B
Shareholder Equity	617.44M	239.97M	109.83M	109.83M
Other Liabilities	N.A	N.A	N.A	N.A

Plug Power Inc. balance sheet (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Current Cash	194.31M	43.28M	19.85M	39.34M
Receivables	25.45M	24.39M	26.59M	32.06M
Inventory	72.39M	80.60M	73.19M	65.47M
Current Assets	313.34M	196.79M	153.03M	166.47M
Other Current Assets	7.94M	44.21M	29.03M	26.07M
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	N.A	N.A	N.A	N.A
Property/Plant Equipment	259.70M	217.02M	184.68M	155.50M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	5.54M	5.11M	5.40M	3.68M
Tangible Assets (Net)	109.58M	-13.07M	-5.02M	6.51M
Other Assets	183.76M	128.47M	104.92M	61.67M
Total Assets	771.18M	556.01M	456.99M	396.20M
Accounts Payable	40.38M	36.85M	36.95M	31.69M
Other Current Liabilities	33.54M	31.18M	19.27M	20.52M
Total Current Liabilities	150.79M	126.34M	102.81M	88.76M
Total Liabilities	635.36M	543.96M	436.01M	365.74M
Long Term Debt	461.18M	395.07M	308.15M	248.90M
Current Long Term Debt	31.12M	49.31M	30.80M	19.06M
Minority Interest	0	0	0	0
Common Stock	303.38M	238.72M	231.95M	229.53M
Treasury Stock	31.22M	31.22M	30.68M	30.64M
Retained Earnings	-1.35B	-1.33B	-1.31B	-1.29B
Capital Surplus	1.51B	1.35B	1.33B	1.32B
Shareholder Equity	135.83M	12.05M	20.98M	30.46M
Other Liabilities	N.A	N.A	N.A	N.A

Plug Power Inc. balance sheet (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Current Cash	38.60M	13.83M	N.A	46.75M
Receivables	37.35M	24.72M	31.51M	22.99M
Inventory	47.91M	53.43M	42.29M	47.35M
Current Assets	155.62M	123.83M	117.86M	145.53M
Other Current Assets	31.76M	31.85M	29.03M	28.45M
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	N.A	N.A	N.A	N.A
Property/Plant Equipment	159.62M	143.17M	107.17M	99M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	3.89M	4.06M	4.25M	3.72M
Tangible Assets (Net)	10.06M	-9.46M	2.13M	25.12M
Other Assets	62.18M	39.07M	37.74M	40.33M
Total Assets	390.33M	319.28M	276.23M	298.31M
Accounts Payable	34.82M	37.11M	36.13M	42.61M
Other Current Liabilities	20.48M	19.80M	21.50M	18.31M
Total Current Liabilities	146.37M	117.10M	109.67M	113.34M
Total Liabilities	355.97M	304.16M	249.39M	248.11M
Long Term Debt	181.46M	157.44M	108.78M	106.53M
Current Long Term Debt	68.49M	60.19M	52.04M	52.43M
Minority Interest	0	0	0	0
Common Stock	219.16M	217.51M	214.65M	214.21M
Treasury Stock	30.64M	30.64M	30.64M	30.60M
Retained Earnings	-1.26B	-1.24B	-1.22B	-1.2B
Capital Surplus	1.29B	1.28B	1.28B	1.27B
Shareholder Equity	34.36M	15.11M	26.84M	50.20M
Other Liabilities	N.A	N.A	N.A	N.A

Plug Power Inc. balance sheet (2017) (USD)

	December 2017	September 2017	June 2017
Current Cash	24.83M	7.96M	2.09M
Receivables	15.33M	52.87M	15.27M
Inventory	48.78M	44.69M	42.70M
Current Assets	119.61M	133.17M	88.02M
Other Current Assets	30.67M	27.66M	27.96M
Short Term Investments	N.A	N.A	N.A
Long Term Investments	N.A	N.A	N.A
Property/Plant Equipment	97.48M	84M	78.67M
Good Will	N.A	N.A	N.A
Intangible Assets	3.79M	3.89M	3.93M
Tangible Assets (Net)	49.95M	63.38M	76.10M
Other Assets	40.49M	45.30M	48.96M
Total Assets	270.81M	275.68M	228.58M
Accounts Payable	42.36M	38.65M	28.15M
Other Current Liabilities	20.09M	18.50M	12.38M
Total Current Liabilities	115.72M	103.15M	67.11M
Total Liabilities	196.46M	188.22M	129.16M
Long Term Debt	50.44M	53.40M	40.70M
Current Long Term Debt	53.27M	45.99M	26.58M
Minority Interest	0	0	0
Common Stock	228.49M	227.54M	224.71M
Treasury Stock	3.10M	3.09M	3.09M
Retained Earnings	-1.18B	-1.16B	-1.12B
Capital Surplus	1.25B	1.24B	1.22B
Shareholder Equity	74.36M	87.46M	99.42M
Other Liabilities	N.A	N.A	N.A

Plug Power Inc. cash flow (2022) (USD)

	November 2022	August 2022
Net Income	-170.76M	-173.3M
Depreciation	13.86M	13.55M
Changes in Receivables	95.47M	61.50M
Changes in Inventories	516.28M	429.55M
Cash Change	2.70B	3.11B
Cash Flow	-116.94M	-195.19M
Capital Expenditures	-167.23M	-87.92M
Investments	N.A	N.A
Investing Activity (other)	N.A	N.A
Total Investing Cash Flows	-286.02M	-8.55M
Dividends Paid	N.A	N.A
Net Borrowings	-2.28B	-2.67B
Other Financing Cash Flows	N.A	N.A
Cash Flow Financing	-10.6M	-12.48M
Exchange Rate Effect	N.A	N.A

Plug Power Inc. cash flow (2021) (USD)

	November 2021
Net Income	-106.67M
Depreciation	6.54M
Changes in Receivables	132.37M
Changes in Inventories	229.81M
Cash Change	4.12B
Cash Flow	-101.87M
Capital Expenditures	-68.62M
Investments	N.A
Investing Activity (other)	N.A
Total Investing Cash Flows	390.92M
Dividends Paid	N.A
Net Borrowings	-3.77B
Other Financing Cash Flows	N.A
Cash Flow Financing	-25.53M
Exchange Rate Effect	N.A

Plug Power Inc. cash flow (2020) (USD)

	November 2020	June 2020	March 2020
Net Income	-39.38M	-8.66M	-37.48M
Depreciation	10.22M	3.16M	3.03M
Changes in Receivables	67.61M	-21.09M	1.01M
Changes in Inventories	19.74M	-17.4M	-20.58M
Cash Change	295.65M	76.04M	-62.29M
Cash Flow	-156.91M	-51.23M	-60.02M
Capital Expenditures	-24.96M	-4.91M	-6.36M
Investments	N.A	N.A	N.A
Investing Activity (other)	N.A	N.A	N.A
Total Investing Cash Flows	-71.72M	-50.2M	-6.36M
Dividends Paid	N.A	N.A	N.A
Net Borrowings	-86.52M	160.15M	-2.02M
Other Financing Cash Flows	N.A	24.16M	N.A
Cash Flow Financing	590.59M	177.48M	4.08M
Exchange Rate Effect	N.A	-15K	1K

Plug Power Inc. cash flow (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Net Income	-11.74M	-21.23M	-18.56M	-33.94M
Depreciation	3.23M	3.63M	2.88M	2.95M
Changes in Receivables	-1.06M	2.20M	5.47M	5.29M
Changes in Inventories	8.21M	-7.41M	-7.72M	-17.56M
Cash Change	171.18M	62.99M	26.10M	-0.92M
Cash Flow	279K	-3.31M	-12.23M	-36.26M
Capital Expenditures	-5.27M	-2.66M	-4.42M	-2.27M
Investments	N.A	N.A	N.A	N.A
Investing Activity (other)	N.A	N.A	N.A	N.A
Total Investing Cash Flows	-5.27M	-2.66M	-4.04M	-2.27M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	40.22M	63.59M	37.49M	14.07M
Other Financing Cash Flows	N.A	N.A	N.A	N.A
Cash Flow Financing	176.01M	69.03M	42.38M	37.65M
Exchange Rate Effect	172K	-71K	-13K	-35K

Plug Power Inc. cash flow (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Net Income	-16.85M	-15.57M	-25.87M	-19.84M
Depreciation	2.60M	2.97M	3.19M	2.94M
Changes in Receivables	-12.63M	6.79M	-8.52M	-7.66M
Changes in Inventories	6.49M	6.07M	5.06M	1.43M
Cash Change	48.10M	6.63M	-33.55M	20.91M
Cash Flow	-15.98M	3.54M	-21.15M	-24.03M
Capital Expenditures	-2.04M	-1.17M	-12.06M	-4.3M
Investments	N.A	N.A	N.A	N.A
Investing Activity (other)	N.A	N.A	N.A	N.A
Total Investing Cash Flows	-2.04M	-1.17M	-12.06M	-4.3M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	32.87M	-663K	-274K	92.65M
Other Financing Cash Flows	N.A	N.A	N.A	N.A
Cash Flow Financing	66.13M	4.27M	-257K	49.20M
Exchange Rate Effect	-8K	-13K	-82K	46K

Plug Power Inc. cash flow (2017) (USD)

	December 2017	September 2017	June 2017
Net Income	-19.44M	-40.98M	-42.62M
Depreciation	2.74M	2.57M	2.33M
Changes in Receivables	37.54M	-37.6M	-8.37M
Changes in Inventories	-4.09M	-1.98M	-8.98M
Cash Change	16.87M	5.87M	-9.68M
Cash Flow	21.11M	-22.96M	-34.48M
Capital Expenditures	-16.07M	-7.75M	-10.91M
Investments	N.A	N.A	N.A
Investing Activity (other)	N.A	N.A	N.A
Total Investing Cash Flows	-16.07M	-7.75M	-10.91M
Dividends Paid	N.A	N.A	N.A
Net Borrowings	4.04M	31.92M	-3.55M
Other Financing Cash Flows	5.34M	3.46M	1.86M
Cash Flow Financing	11.77M	36.44M	35.58M
Exchange Rate Effect	62K	128K	123K