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Last $2.65 USD
Change Today -0.02 / -0.75%
Volume 1.4M
PLUG On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

plug power inc (PLUG) Snapshot

Open
$2.67
Previous Close
$2.67
Day High
$2.68
Day Low
$2.62
52 Week High
08/14/14 - $6.47
52 Week Low
03/17/15 - $2.42
Market Cap
459.6M
Average Volume 10 Days
2.8M
EPS TTM
$-0.64
Shares Outstanding
173.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PLUG POWER INC (PLUG)

plug power inc (PLUG) Related Businessweek News

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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 Inc. Announces Executive Changes

Plug Power Inc. announced Martin (Marty) Hull as Chief Accounting Officer effective April 1, 2015. Through this position, Hull will enhance the finance team's ability to support Plug Power's growth as the company continues to build on the depth and breadth of its reporting and accounting competencies. He will report directly to Paul Middleton, Chief Financial Officer at Plug Power. Previously, Hull was a principal and director at the accounting firm of Marvin and Company, P.C. The CAO position was previously filled by Jill McCoskey.

FreezPak Logistics Selects GenKey Solution From Plug Power for New-Construction Freezer Warehouse in New Jersey

Plug Power Inc. announced that FreezPak Logistics has selected Plug Power's full-service GenKey solution for its new cold storage distribution center freezer warehouse under construction in Carteret, New Jersey. The GenKey deployment includes 25 GenDrive fuel cells, a GenFuel outdoor hydrogen storage infrastructure with two indoor GenFuel dispensers, and total GenCare service for both the fuel cells and hydrogen system. In addition, the contract includes a ten-year hydrogen supply agreement. Through the adoption of hydrogen fuel cells, FreezPak will present itself as a pioneer in the cold storage market. For this greenfield site in New Jersey, Plug Power developed a downsized fueling infrastructure scaled to economically meet the needs of FreezPak. Success here is important, as it further proves that Plug Power is an experienced leader in hydrogen storage and dispensing systems. The GenDrive-powered fleet mix consists of class-3 units for pallet jacks and class-2 units for reach trucks. Plug Power has already manufactured and shipped the entire order, which will begin supporting FreezPak's facility following its opening, planned for the second quarter of 2015. The GenFuel installation is also targeted for completion during the second quarter. Cold storage applications represent a sweet-spot for Plug Power's GenDrive units. Unlike lead-acid batteries, which display significant performance degradation in cold temperatures, GenDrive fuel cells perform at maximum operation in environments as low as -22 degrees F. Furthermore, performance of GenDrive fuel cells will not diminish over the life of a full operations shift. Battery changes are eliminated and FreezPak operators will refuel the units themselves in just minutes at strategically placed GenFuel dispensers onsite. As an industry leader, FreezPak will be empowered by its GenKey installation to improve productivity and output for each shift, streamlining processes and improving product speed to market. The use of GenDrive to power the lift and reach truck fleet in its new facility will allow FreezPak to operate with increased efficiency and remain flexible to customer demands. The center will feature a pallet freezer and loading dock enlarged with real-estate not being occupied by a battery room. The facility is conveniently located within 5 miles of the New York and New Jersey ports.

Plug Power Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Plug Power Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of $21,454,000 against $8,032,000 a year ago. Operating loss was $13,215,000 against $7,969,000 a year ago. The improvement in margin rates stems from the growth in gross margin trends as well as the company beginning to see leverage on their administration cost base. Loss before income taxes was $7,157,000 against $28,877,000 a year ago. Net loss attributable to the company was $7,157,000 against $28,877,000 a year ago. Net loss attributable to common shareholders was $7,183,000 against $28,929,000 a year ago. Basic and diluted loss per share was $0.04 against $0.28 a year ago. Adjusted net loss was $13,294,000 against $7,998,000 a year ago. Adjusted basic and diluted loss per share was $0.08 against $0.088 a year ago. LBITDAS was $10,345,000 against $6,324,000 a year ago. The company used $9.8 million in operating cash for the fourth quarter in 2014 to fund the ongoing commercial ramp as well as required working capital investments. The fourth quarter 2014 results reflect the substantial growth in overall volume, but comparatively, a higher concentration of smaller class per units which impacts the sales mix. For the full year, the company reported total revenue of $64,230,000 against $26,601,000 a year ago. Operating loss was $37,932,000 against $28,965,000 a year ago. Loss before income taxes was $88,813,000 against $63,080,000 a year ago. Net loss attributable to the company was $88,488,000 against $62,670,000 a year ago. Net loss attributable to common shareholders was $88,644,000 against $62,791,000 a year ago. Basic and diluted loss per share was $0.56 against $0.82 a year ago. Adjusted net loss was $38,784,000 against $25,689,000 a year ago. Adjusted basic and diluted loss per share was $0.24 against $0.34 a year ago. LBITDAS was $29,437,000 against $22,605,000 a year ago. Net cash used in operating activities was $40,780,000 against $26,880,000 a year ago. Purchase of property, plant and equipment was $1,413,000 against $111,000 a year ago.

 

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PLUG

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Valuation PLUG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 7.2x
Price/Book 2.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 4.9x
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