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Earnings transcript
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PLUG
Plug Power Inc.
$2.1
-0.01
(-0.47%)
| Exchange: | NASDAQ |
| Market Cap: | 2.93B |
| Shares Outstanding: | 1.362M |
Delayed data
About The Company
| Sector: | IndustrialsView sector performance | |||||
| Industry: | Electrical Equipment & PartsView industry performance | |||||
| CEO: | Jose Luis Crespo | |||||
| Full Time Employees: | 2344 | |||||
| Address: |
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| Website: | https://www.plugpower.com |
Plug Power Inc. specializes in providing comprehensive clean hydrogen and zero-emission fuel cell solutions. These innovative offerings cater to various sectors, including supply chain and logistics, on-road electric vehicles, and stationary power generation, with operations spanning North America and international markets. The company is actively constructing an end-to-end green hydrogen ecosystem, encompassing its production, efficient storage and delivery, and subsequent energy generation for both mobile and fixed applications. Its technological portfolio includes advanced proton exchange membrane (PEM) and fuel cell systems, fuel processing capabilities, and innovative fuel cell/battery hybrid designs. Furthermore, Plug Power develops the essential infrastructure for green hydrogen generation, storage, and dispensing. Among its flagship offerings is GenDrive, a hydrogen-powered PEM fuel cell system specifically engineered for material handling electric vehicles. GenFuel provides a complete liquid hydrogen fueling solution, covering generation, storage, delivery, and dispensing. GenCare is an IoT-driven service program that ensures ongoing maintenance and on-site support for various Plug Power systems, including GenDrive, GenSure, GenFuel, and ProGen. For stationary power needs, GenSure delivers modular PEM fuel cell power, crucial for backup and grid-support in telecommunications, transportation, and utility sectors. The company also offers GenKey, an integrated, ready-to-use solution for businesses transitioning to fuel cell power. ProGen represents the core fuel cell stack and engine technology, versatile enough for mobile and stationary fuel cell systems, and serving as engines in electric delivery vans. Additionally, GenFuel Electrolyzers are optimized hydrogen generators designed for clean hydrogen production. Plug Power distributes its products through a multi-channel approach, leveraging a direct sales force, collaborations with original equipment manufacturers (OEMs), and an extensive dealer network. The firm boasts significant strategic alliances with prominent entities such as Airbus, Lhyfe, Edison Motors, Phillips 66, Apex Clean Energy, BAE Systems, and Universal Hydrogen Co. Established in 1997, Plug Power Inc. maintains its corporate headquarters 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 | -1,583,625 |
| 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 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,703,828.959 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 2,020,797.595 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 1,825,833 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 640,181.431 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 666,658.117 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 650,372.547 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 84,630.317 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 105,546.899 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 92,681.298 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 846,333.260 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 1,003,779.287 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 906,935.633 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 0.080 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 0.090 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 0.070 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 6 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 4 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Q4 2024 revenue of $191 million demonstrates established scale in hydrogen fuel cell operations.
- Management actions to streamline operations and refocus on core business areas support targeted efficiency gains.
- Emphasis on financial performance improvements provides a structured path to address historical cash burn patterns evident in cash flow metrics.
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Intrinsic Value Calculator
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Common questions about PLUG valuation
Is Plug Power Inc. (PLUG) overvalued or undervalued right now?
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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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Daily snapshot
-0.47
Trading Metrics:
| Open: | 2.14 | Previous Close: | 2.11 | |
| Day Low: | 2.09 | Day High: | 2.15 | |
| Year Low: | 1.48 | Year High: | 4.58 | |
| Price Avg 50: | 2.21 | Price Avg 200: | 2.48 | |
| Volume: | 32.121M | Average Volume: | 64.181M |
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Login — it's freePLUG full analysis
Hey everyone, welcome back to the channel where we break down stocks like we're chatting over coffee about where your money could actually grow. Today we're diving deep into Plug Power, ticker PLUG, a name that's been swinging hard in the hydrogen space and just posted some fresh Q1 numbers that have traders buzzing. Plug Power sits right at the intersection of clean energy demand and fuel cell tech, delivering end-to-end hydrogen solutions mainly for logistics, material handling, and now…
