Plug Power Inc. (PLUG) Income Statement Analysis

See more : Golden Nugget Online Gaming, Inc. (GNOG) Income Statement Analysis – Financial Results

Complete financial analysis of Plug Power Inc. (PLUG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Plug Power Inc., a leading company in the Electrical Equipment & Parts industry within the Industrials sector.

You may be interested

Orbia Advance Corporation, S.A.B. de C.V. (ORBIA.MX) Income Statement Analysis – Financial Results
Welspun Enterprises Limited (WELENT.NS) Income Statement Analysis – Financial Results
Wolters Kluwer N.V. (WTKWY) Income Statement Analysis – Financial Results
CFI-Compagnie Foncière Internationale (CFI.PA) Income Statement Analysis – Financial Results
Raffles Interior Limited (1376.HK) Income Statement Analysis – Financial Results

Plug Power Inc. (PLUG)

Industry: Electrical Equipment & Parts

Sector: Industrials

Website: https://www.plugpower.com

About Plug Power Inc.

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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Revenue	891.34M	701.44M	502.34M	-100.47M	230.24M	174.63M	132.93M	85.93M	103.29M	64.23M	26.60M	26.11M	27.63M	19.47M	12.29M	17.90M	16.27M	7.84M	13.49M	16.14M	12.50M	11.82M	5.74M	8.38M	11.00M	6.50M
Cost of Revenue	1.40B	895.80M	673.65M	423.34M	202.27M	172.01M	131.35M	81.98M	113.18M	69.09M	37.85M	40.46M	36.90M	29.48M	19.68M	32.95M	28.44M	12.47M	16.17M	18.84M	14.16M	11.34M	11.29M	7.22M	14.05M	8.30M
Gross Profit	-507.79M	-194.36M	-171.31M	-523.81M	27.97M	2.62M	1.58M	3.95M	-9.89M	-4.86M	-11.25M	-14.35M	-9.28M	-10.01M	-7.39M	-15.05M	-12.17M	-4.63M	-2.69M	-2.70M	-1.66M	477.52K	-5.55M	1.16M	-3.05M	-1.80M
Gross Profit Ratio	-56.97%	-27.71%	-34.10%	521.37%	12.15%	1.50%	1.19%	4.59%	-9.58%	-7.57%	-42.28%	-54.98%	-33.57%	-51.40%	-60.10%	-84.05%	-74.82%	-59.14%	-19.92%	-16.73%	-13.26%	4.04%	-96.65%	13.82%	-27.69%	-27.69%
Research & Development	113.75M	99.58M	64.76M	51.02M	33.68M	33.91M	28.69M	21.18M	14.95M	6.47M	3.12M	5.43M	5.66M	12.90M	16.32M	34.99M	39.22M	41.58M	36.32M	35.20M	40.07M	40.29M	60.60M	70.89M	20.51M	4.60M
General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	45.01M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.97M	8.42M	7.18M	7.18M	6.96M	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.29M	550.01K	1.24M	-88.00	-116.00	0.00	0.00	0.00	0.00
SG&A	422.47M	363.93M	179.85M	75.90M	44.33M	38.20M	45.01M	34.29M	34.16M	21.81M	12.33M	14.58M	14.55M	25.57M	15.43M	28.33M	19.32M	12.27M	8.97M	8.42M	7.18M	6.96M	7.49M	16.17M	9.93M	2.80M
Other Expenses	299.52M	-1.14M	-606.00K	-739.00K	79.00K	4.29M	-15.19M	4.34M	3.66M	-52.26M	-37.10M	4.85M	2.32M	2.26M	2.13M	48.07M	1.61M	0.00	0.00	0.00	0.00	0.00	259.96K	5.84M	1.45M	600.00K
Operating Expenses	835.73M	463.51M	244.61M	126.92M	78.01M	72.11M	103.37M	55.47M	49.11M	33.07M	17.72M	22.32M	22.53M	40.74M	33.88M	111.39M	60.16M	53.85M	45.29M	43.63M	47.25M	47.25M	68.35M	92.89M	31.89M	8.00M
Cost & Expenses	1.94B	1.36B	918.27M	449.80M	280.28M	244.12M	234.72M	137.45M	162.29M	102.16M	55.57M	62.78M	59.43M	70.22M	53.56M	144.34M	88.60M	66.31M	61.47M	62.47M	61.41M	58.59M	79.64M	100.11M	45.93M	16.30M
Interest Income	55.83M	37.26M	4.04M	739.00K	35.53M	0.00	0.00	0.00	157.00K	752.00K	150.00K	226.00K	248.00K	1.06M	1.69M	5.13M	12.34M	8.34M	2.17M	1.45M	833.01K	1.66M	4.07M	8.18M	0.00	100.00K
Interest Expense	45.20M	39.04M	43.23M	60.48M	35.50M	22.14M	10.10M	10.70M	390.00K	387.00K	398.00K	262.00K	305.00K	305.00K	1.13M	400.66K	580.00K	170.84K	145.58K	60.97K	61.57K	96.64K	259.96K	363.00K	0.00	0.00
Depreciation & Amortization	71.08M	51.60M	23.37M	15.57M	12.64M	11.71M	9.78M	5.24M	2.99M	4.34M	4.18M	4.38M	4.46M	7.23M	5.77M	6.62M	5.46M	3.22M	4.05M	6.76M	6.47M	8.23M	7.91M	5.84M	1.45M	600.00K
EBITDA	-1.26B	-632.54M	-409.57M	-550.95M	-35.42M	-59.63M	-107.20M	-41.94M	-52.35M	-84.09M	-58.50M	-27.22M	-22.98M	-39.24M	-33.81M	-73.97M	-54.53M	-46.92M	-41.77M	-37.92M	-42.44M	-38.53M	-65.99M	-85.90M	-33.58M	-9.16M
EBITDA Ratio	-141.35%	-84.16%	-78.60%	549.12%	-16.22%	-33.08%	-69.22%	-53.86%	-54.08%	-51.13%	-92.61%	-122.83%	-111.46%	-218.03%	-302.57%	-413.20%	-410.97%	-705.22%	-325.76%	-245.15%	-315.47%	-326.05%	-1,149.42%	-997.48%	-290.98%	-141.54%
Operating Income	-1.34B	-679.55M	-437.32M	-550.26M	-50.04M	-69.48M	-101.79M	-51.52M	-59.00M	-37.93M	-28.97M	-36.67M	-31.13M	-47.53M	-41.27M	-126.43M	-72.33M	-58.48M	-47.98M	-46.33M	-51.91M	-46.77M	-73.90M	-91.73M	-34.93M	-9.80M
Operating Income Ratio	-150.73%	-96.88%	-87.06%	547.70%	-21.73%	-39.79%	-76.58%	-59.96%	-57.12%	-59.06%	-108.89%	-140.46%	-112.67%	-244.08%	-335.74%	-706.28%	-444.53%	-746.31%	-355.76%	-287.01%	-415.21%	-395.73%	-1,287.14%	-1,094.90%	-317.56%	-150.77%
Total Other Income/Expenses	-32.67M	-43.62M	-38.84M	-42.80M	-36.13M	-17.85M	-25.29M	-6.36M	3.31M	-50.88M	-34.12M	4.81M	3.67M	-3.80M	562.22K	4.73M	11.76M	8.17M	2.02M	1.39M	51.91M	46.77M	73.90M	-2.33M	-1.47M	9.76M
Income Before Tax	-1.38B	-723.17M	-476.16M	-592.48M	-85.47M	-87.33M	-127.08M	-57.88M	-55.69M	-88.81M	-63.08M	-31.86M	-27.45M	-46.96M	-40.71M	-121.70M	-60.57M	-50.31M	-51.74M	-46.74M	-53.04M	-47.22M	-73.11M	-86.24M	-33.47M	-9.60M
Income Before Tax Ratio	-154.40%	-103.10%	-94.79%	589.71%	-37.12%	-50.01%	-95.60%	-67.36%	-53.92%	-138.27%	-237.13%	-122.04%	-99.38%	-241.15%	-331.16%	-679.84%	-372.27%	-642.05%	-383.67%	-289.56%	-424.24%	-399.54%	-1,273.39%	-1,029.36%	-304.26%	-147.69%
Income Tax Expense	-7.36M	839.00K	-16.20M	-30.79M	35.50M	-9.22M	-392.00K	-392.00K	390.00K	-325.00K	-410.00K	262.00K	-4.35M	305.00K	40.71M	121.70M	60.57M	50.31M	51.74M	46.74M	53.04M	47.22M	73.11M	86.24M	33.47M	9.60M
Net Income	-1.37B	-724.01M	-459.97M	-561.68M	-120.97M	-78.12M	-127.08M	-57.49M	-55.69M	-88.49M	-62.67M	-31.86M	-27.45M	-46.96M	-40.71M	-121.70M	-60.57M	-50.31M	-51.74M	-46.74M	-53.04M	-47.22M	-73.11M	-86.24M	-33.47M	-9.60M
Net Income Ratio	-153.57%	-103.22%	-91.56%	559.06%	-52.54%	-44.73%	-95.60%	-66.90%	-53.92%	-137.77%	-235.59%	-122.04%	-99.38%	-241.15%	-331.16%	-679.84%	-372.27%	-642.05%	-383.67%	-289.56%	-424.24%	-399.54%	-1,273.39%	-1,029.36%	-304.26%	-147.69%
EPS	-2.30	-1.25	-0.82	-1.58	-0.51	-0.36	-0.59	-0.32	-0.32	-0.56	-0.82	-0.93	-1.46	-3.58	-3.15	-13.62	-6.93	-5.84	-6.59	-6.39	-8.82	-9.32	-15.61	-19.91	-12.73	-7.05
EPS Diluted	-2.30	-1.25	-0.82	-1.58	-0.51	-0.36	-0.59	-0.32	-0.32	-0.56	-0.82	-0.93	-1.46	-3.58	-3.15	-13.62	-6.93	-5.84	-6.59	-6.39	-8.82	-9.32	-15.61	-19.91	-12.73	-7.05
Weighted Avg Shares Out	595.47M	579.72M	558.18M	354.79M	237.15M	218.88M	216.34M	180.62M	176.07M	159.23M	76.44M	34.38M	18.78M	13.12M	12.91M	8.94M	8.73M	8.61M	7.85M	7.31M	6.01M	5.06M	4.68M	4.33M	2.63M	1.36M
Weighted Avg Shares Out (Dil)	595.47M	579.72M	558.18M	354.79M	237.15M	218.88M	216.34M	180.62M	176.07M	159.23M	76.44M	34.38M	18.78M	13.12M	12.91M	8.94M	8.73M	8.61M	7.85M	7.31M	6.01M	5.06M	4.68M	4.33M	2.63M	1.36M

Plug Power stock could surge 74%, but Nov. 8 will be crucial

November 5, 2024invezz.com

Plug Power (PLUG) stock price went parabolic on Monday, soaring by over 20% and reaching its highest level since July 18. It has now soared by over 55% from its lowest level this year as traders continued to focus on...

Trump Vs. Harris: EVgo, Cleveland-Cliffs, Plug Power, Nucor Brace For 2024 Election Impact

November 4, 2024benzinga.com

As Election Week 2024 is upon us, Wall Street is geared up for sector-specific shakeups, with JPMorgan's Bill Peterson spotlighting a decisive split in potential stock moves.

Why Plug Power Stock Charged Higher Today

November 4, 2024fool.com

Investors think Plug Power's electrolyzers might have a growing new market.

Plug to Announce 2024 Third Quarter Results

November 4, 2024globenewswire.com

SLINGERLANDS N.Y., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will announce its 2024 third quarter results on Tuesday November 12, 2024.

Bright Future for Clean Hydrogen Stocks? Analysts Are Watching

November 4, 2024marketbeat.com

Industrials stocks have thrived in the last year amid a rush of spending, much due to the Inflation Reduction Act, the CHIPS and Science Act, and other government support. The benchmark Industrial Select Sector SPDR Fund NYSEARCA: XLI is up...

2 Growth Stocks Down 36% and 97% to Buy Right Now

November 1, 2024fool.com

As difficult as it might be to step into a stock while it's down, that's the best time to plug in to a good growth story.

Plug Power, Inc. (PLUG) Is a Trending Stock: Facts to Know Before Betting on It

October 31, 2024zacks.com

Plug Power (PLUG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Energy Plug Technologies Corp. and EdgeTunePower Inc. Agree to Develop Canadian-Made Energy Management System

October 31, 2024newsfilecorp.com

Vancouver, British Columbia--(Newsfile Corp. - October 31, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company") is pleased to announce an agreement with EdgeTunePower Inc. (EdgeTunePower) for the joint development of a...