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Earnings transcript
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PLUG
Plug Power Inc.
$2.41
0.16
(7.11%)
| Exchange: | NASDAQ |
| Market Cap: | 2.764B |
| Shares Outstanding: | 1.362M |
About The Company
| Sector: | Industrials | |||||
| Industry: | Electrical Equipment & Parts | |||||
| CEO: | Jose Luis Crespo | |||||
| Full Time Employees: | 3224 | |||||
| Address: |
| |||||
| Website: | https://www.plugpower.com |
Plug 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. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. The company provides proton exchange membrane (PEM), fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. It has strategic agreements with Airbus; Lhyfe; Edison Motors; Phillips 66; Apex Clean Energy; BAE Systems; and Universal Hydrogen Co. The company was founded in 1997 and is headquartered in Latham, New York.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 891,340 | 628,814 | 709,919 |
| Gross Profit | -507,791 | -624,887 | -242,040 |
| EBITDA | -1,259,913 | -1,976,413 | -635,010 |
| Operating Income | -1,343,523 | -2,019,844 | -679,570 |
| Net Income | -1,368,833 | -2,104,701 | -1,631,594 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 4,902,738 | 3,602,846 | 51,801 |
| Total Liabilities | 2,004,613 | 1,795,090 | 1,311 |
| Total Stockholders Equity | 2,898,125 | 1,734,137 | 50,490 |
| Total Debt | 968,850 | 1,078,636 | 0 |
| Cash and Cash Equivalents | 135,033 | 205,693 | 1,465 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | -1,106,570 | -728,643 | 0 |
| Capital Expenditure | -696,126 | -334,248 | 0 |
| Free Cash Flow | -1,802,696 | -1,062,891 | 0 |
| Net Income | -1,368,833 | -2,104,905 | 0 |
| Net Change in Cash | -380,200 | -128,435 | 0 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,774,565.694 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 2,052,689.741 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 1,884,505.725 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | -1,893,222.740 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | -1,636,705.274 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | -1,738,104.411 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | -46,502.690 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | -38,508.199 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | -41,668.353 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 881,469.916 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,019,620.891 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 936,079.802 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | -0.040 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | -0.030 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | -0.040 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 7 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Innovative Market Position: Plug Power operates in the renewable energy sector, specifically within the hydrogen fuel cell industry, positioning it as a leader in a niche, high-growth area focused on sustainable energy solutions, as highlighted in the company profile and industry data.
- Revenue Growth: Q4 2024 revenue of $191 million, as reported in the earnings call transcript, reflects the company’s ability to generate significant top-line growth, supported by increasing demand for hydrogen solutions, despite broader financial challenges.
- Operational Scale: With a substantial workforce and global presence (as per company profile data on full-time employees and country), Plug Power has the operational capacity to execute large-scale projects and expand its market reach.
- Strategic Focus: Management’s commitment to streamlining operations and focusing on core business areas, as mentioned in the Q4 2024 earnings call, indicates proactive steps to improve efficiency and financial performance.
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Common questions about PLUG valuation
Is Plug Power Inc. (PLUG) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Plug Power Inc. (PLUG) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
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What is PLUG’s P/E ratio?
You can see PLUG’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
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PLUG
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7.11
Trading Metrics:
| Open: | 2.2 | Previous Close: | 2.25 | |
| Day Low: | 2.19 | Day High: | 2.45 | |
| Year Low: | 0.69 | Year High: | 4.58 | |
| Price Avg 50: | 2.15 | Price Avg 200: | 2.12 | |
| Volume: | 85.498M | Average Volume: | 91.616M |
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Login — it's freePLUG full analysis
Welcome to MARKETSNAP’s SWOT analysis for Plug Power, where we’re diving deep into this key player in the clean energy space. If you’re a long-term investor looking to build wealth with innovative companies, you’ve likely heard of Plug Power, a leader in hydrogen fuel cell technology. Today, we’re breaking down their strengths, weaknesses, opportunities, and threats to help you decide if this stock fits your portfolio. Let’s get right into it with a quick overview of who they are, some…
