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Last $2.58 USD
Change Today 0.00 / 0.00%
Volume 1.7M
PLUG On Other Exchanges
As of 8:10 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

plug power inc (PLUG) Snapshot

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08/14/14 - $6.47
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plug power inc (PLUG) Details

Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of fuel cell systems for the industrial off-road markets worldwide. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies. The company’s product line includes GenKey, a turn-key solution for transitioning material handling vehicles to fuel cell power; GenDrive, which is a hydrogen fueled PEM fuel cell system that provides power to material handling vehicles; GenFuel, a hydrogen fueling delivery system; GenCare, which is an ongoing maintenance program for GenDrive fuel cells and GenFuel products; and ReliOn, a stationary fuel cell solution that provides scalable and modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. The company sells its products to businesses and government agencies through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.

267 Employees
Last Reported Date: 03/17/15
Founded in 1997

plug power inc (PLUG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $548.1K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $307.3K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $317.5K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $265.0K
Compensation as of Fiscal Year 2014.

plug power inc (PLUG) Key Developments

Plug Power Showcases Big Box Retailer as New GenKey Customer

Plug Power Inc. announced a big box retailer as their recent new customer receiving a comprehensive GenKey hydrogen and fuel cell system to power their material handling fleet in its new distribution warehouse constructed in Troy Township near Toledo, Ohio. The GenKey installation is fully deployed, including 177 GenDrive units that will power a mix of class-2 and class-3 lift and reach trucks, a GenFuel hydrogen fuel supply and storage infrastructure, and a GenCare maintenance contract. This site is the first to deploy Plug Power's outdoor skid, the newest GenFuel enhancement. Bringing the skid in-house gives Plug Power greater quality control and positively influences the company's gross margin roadmap.

Plug Power Inc. Reports Financial Results for the First Quarter Ended March 31, 2015; Maintains Sales Guidance for 2015

Plug Power Inc. reported financial results for the first quarter ended March 31, 2015. Total revenue for the first quarter of 2015 was $9.4 million, comprised of $4.1 million in product revenue and $5.3 million in service revenue. This compares to total revenue of $5.6 million in the first quarter of 2014, which was comprised of $3.2 million in product revenue, $2.1 million in service revenue, and $0.3 million in research and development revenue. Net loss attributable to common shareholders was $11.1 million, or $0.06 per share on a basic and diluted basis compared to $75.91 million a year ago. Included in the net loss for the first quarter of 2015 was a gain of $1.7 million related to the change in fair value of common stock warrant liability. Excluding this gain, adjusted net loss for the first quarter 2015 was $12.85 million or $0.07 per share on a basic and diluted basis compared to $7.48 million or $0.06 per share on a basic and diluted basis a year ago. Net cash used in operating activities for the first quarter 2015 was $13.6 million, which stems from the ongoing investment in increased commercial activity, as well as incremental investment in working capital given the inventory build activity for second quarter programs, compared to $8.89 million a year ago. Negative EBITDAS was $9.981 million compared to $5.71 million a year ago. Operating loss, as reported was $12.76 million compared to $7.38 million a year ago. The company maintains its 2015 forecast of total sales in excess of $100 million, comprised of sales of more than 3,300 GenDrive units and construction of more than 15 GenFuel hydrogen infrastructures. These sales will ramp up through the year with 35% to 40% of the annual revenue expected in the first half of 2015.

Plug Power Inc. - Shareholder/Analyst Call

To discuss the annual general meeting 2015


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