Plug Power develops hydrogen fuel cell systems and related infrastructure for material handling, stationary power, and mobility applications across North America, Europe, and Asia. The company's core product, GenDrive, is a proton exchange membrane fuel cell system designed to power electric material handling vehicles in warehouse and logistics operations. GenSure provides stationary fuel cell solutions for backup and grid-support power in telecommunications, transportation, and utility sectors. The company also manufactures ProGen fuel cell stacks and engines for integration into mobility and stationary systems.
Beyond fuel cell hardware, Plug Power offers comprehensive hydrogen infrastructure and support services. GenFuel delivers liquid hydrogen generation, storage, and dispensing systems. GenCare provides IoT-enabled maintenance and on-site service programs for installed fuel cell systems. GenKey represents an integrated turnkey solution for customers transitioning to fuel cell power. The company also manufactures electrolyzers for hydrogen production, liquefaction systems, and cryogenic equipment for distributing liquified hydrogen and other industrial gases.
Plug Power operates through direct product sales, original equipment manufacturer partnerships, and dealer networks. The company employs 3,224 full-time workers and maintains headquarters in Slingerlands, New York. It was incorporated in Delaware in 1997 and is listed on the Nasdaq with a market capitalization of approximately $2.5 billion.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2024 | $-2.68 | $-2.68 | -16.5% | |
| 2023 | $-2.30 | $-2.30 | -84.0% | |
| 2022 | $-1.25 | $-1.25 | -52.4% | |
| 2021 | $-0.82 | $-0.82 | — | |
| 2020 | — | — | — | |
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| 2018 | — | — | — | |
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| 2016 | — | — | — | |
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| Report Date | Filed | Accession Number | |
|---|---|---|---|
| 2024-12-31 | 2025-03-03 | 0001558370-25-002049 | SEC ↗ |
| 2023-12-31 | 2024-02-29 | 0001558370-24-002178 | SEC ↗ |
| 2022-12-31 | 2023-03-01 | 0001558370-23-002599 | SEC ↗ |
| 2021-12-31 | 2022-03-01 | 0001558370-22-002620 | SEC ↗ |
| 2020-12-31 | 2021-05-14 | 0001558370-21-007147 | SEC ↗ |
| 2019-12-31 | 2020-03-10 | 0001558370-20-002267 | SEC ↗ |
| 2018-12-31 | 2019-03-13 | 0001558370-19-001929 | SEC ↗ |
| 2017-12-31 | 2018-03-12 | 0001558370-18-001828 | SEC ↗ |
| 2016-12-31 | 2017-03-10 | 0001558370-17-001631 | SEC ↗ |