About Plug Power Inc.
https://www.plugpower.comPlug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally.

CEO
Andrew J. Marsh
Compensation Summary
(Year 2024)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2011-05-20 | Reverse | 1:10 |
ETFs Holding This Stock
Summary
Showing Top 3 of 187
Ratings Snapshot
Rating : B-
Most Recent Analyst Grades

Clear Street
Buy

HC Wainwright & Co.
Buy

B. Riley Securities
Buy

Wells Fargo
Equal Weight

Susquehanna
Neutral

UBS
Neutral
Grade Summary
Showing Top 6 of 13
Price Target
Institutional Ownership

VANGUARD GROUP INC
Shares:109.63M
Value:$257.64M

BLACKROCK, INC.
Shares:99.59M
Value:$234.03M

BLACKROCK INC.
Shares:62.35M
Value:$146.53M
Summary
Showing Top 3 of 578
About Plug Power Inc.
https://www.plugpower.comPlug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $177.06M ▲ | $228.62M ▲ | $-361.87M ▼ | -204.38% ▼ | $-0.31 ▼ | $-336.82M ▼ |
| Q2-2025 | $173.97M ▲ | $123.48M ▲ | $-227.1M ▼ | -130.54% ▲ | $-0.2 ▲ | $-198M ▼ |
| Q1-2025 | $133.67M ▼ | $104.59M ▼ | $-196.66M ▲ | -147.12% ▲ | $-0.21 ▲ | $-171.23M ▲ |
| Q4-2024 | $191.47M ▲ | $1.07B ▲ | $-1.34B ▼ | -697.46% ▼ | $-1.46 ▼ | $-1.3B ▼ |
| Q3-2024 | $173.73M | $116.14M | $-211.17M | -121.55% | $-0.25 | $-180.13M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $165.9M ▲ | $3.1B ▼ | $1.61B ▲ | $1.42B ▼ |
| Q2-2025 | $140.74M ▼ | $3.35B ▼ | $1.59B ▼ | $1.68B ▼ |
| Q1-2025 | $295.84M ▲ | $3.63B ▲ | $1.7B ▼ | $1.86B ▲ |
| Q4-2024 | $205.69M ▲ | $3.6B ▼ | $1.8B ▲ | $1.73B ▼ |
| Q3-2024 | $93.94M | $4.72B | $1.7B | $3.03B |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-363.5M ▼ | $-89.81M ▲ | $-30.39M ▲ | $87.02M ▲ | $-27.78M ▲ | $-119.91M ▲ |
| Q2-2025 | $-228.73M ▼ | $-191.81M ▼ | $-40.74M ▲ | $32.83M ▼ | $-199.81M ▼ | $-230.43M ▼ |
| Q1-2025 | $-196.86M ▲ | $-105.57M ▲ | $-46.57M ▼ | $193.23M ▼ | $35.9M ▼ | $-146.02M ▲ |
| Q4-2024 | $-1.34B ▼ | $-131.24M ▲ | $-43.84M ▲ | $204M ▼ | $40.51M ▲ | $-170.83M ▲ |
| Q3-2024 | $-211.17M | $-174.94M | $-89.87M | $252.42M | $-18.71M | $-264.65M |
Revenue by Products
| Product | Q4-2024 | Q1-2025 | Q3-2025 | Q2-2025 |
|---|---|---|---|---|
Fuel Delivered To Customers | $20.00M ▲ | $0 ▼ | $40.00M ▲ | $30.00M ▼ |
Fuel Delivered To Customers And Related Equipment | $0 ▲ | $30.00M ▲ | $0 ▼ | $0 ▲ |
Other Product And Services | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Power Purchase Agreements | $20.00M ▲ | $20.00M ▲ | $20.00M ▲ | $20.00M ▲ |
Sale of cryogenic equipment | $30.00M ▲ | $30.00M ▲ | $20.00M ▼ | $30.00M ▲ |
Sale Of Electrolyzers | $60.00M ▲ | $10.00M ▼ | $70.00M ▲ | $40.00M ▼ |
Sale Of Engineered Equipment | $10.00M ▲ | $0 ▼ | $0 ▲ | $0 ▲ |
Sale Of Hydrogen Infrastructure | $30.00M ▲ | $10.00M ▼ | $0 ▼ | $10.00M ▲ |
Sales Of Fuel Cell Systems | $0 ▲ | $20.00M ▲ | $10.00M ▼ | $20.00M ▲ |
Services Performed On Fuel Cell Systems And Related Infrastructure | $10.00M ▲ | $20.00M ▲ | $20.00M ▲ | $20.00M ▲ |
Sale Of Fuel Cell Systems And Other Infrastructure | $10.00M ▲ | $0 ▼ | $0 ▲ | $0 ▲ |
Revenue by Geography
| Region | Q2-2024 | Q3-2024 | Q1-2024 | Q1-2025 |
|---|---|---|---|---|
NonUS | $0 ▲ | $0 ▲ | $0 ▲ | $10.00M ▲ |
UNITED STATES | $0 ▲ | $0 ▲ | $0 ▲ | $120.00M ▲ |
Asia | $0 ▲ | $10.00M ▲ | $10.00M ▲ | $0 ▼ |
Europe | $20.00M ▲ | $50.00M ▲ | $10.00M ▼ | $0 ▼ |
North America | $110.00M ▲ | $110.00M ▲ | $110.00M ▲ | $0 ▼ |

CEO
Andrew J. Marsh
Compensation Summary
(Year 2024)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2011-05-20 | Reverse | 1:10 |
ETFs Holding This Stock
Summary
Showing Top 3 of 187
Ratings Snapshot
Rating : B-
Most Recent Analyst Grades

Clear Street
Buy

HC Wainwright & Co.
Buy

B. Riley Securities
Buy

Wells Fargo
Equal Weight

Susquehanna
Neutral

UBS
Neutral
Grade Summary
Showing Top 6 of 13
Price Target
Institutional Ownership

VANGUARD GROUP INC
Shares:109.63M
Value:$257.64M

BLACKROCK, INC.
Shares:99.59M
Value:$234.03M

BLACKROCK INC.
Shares:62.35M
Value:$146.53M
Summary
Showing Top 3 of 578




