1.50
+3.45%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
About Plug Power
From its filings with the US Securities and Exchange Commission
Plug Power is based in Slingerlands, New York and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker PLUG. The SEC classifies its business as electrical industrial apparatus. In the fiscal year to 31 December 2025, it reported revenue of $709.9m and a net loss of $1.63bn. At that date it held total assets of $2.59bn and shareholders' equity of $978.1m.
Plug is building an end-to-end clean hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cells, the Company has deployed more than 74,000 fuel cell systems, primarily through material handling applications, and operates more than 275 fueling stations. Plug intends to deliver its hydrogen solutions directly to its customers, and through joint venture partners into multiple environments, including material handling, supply chain and logistics, e-mobility, stationary power generation and industrial applications.
We believe continued investment in research and development is critical to the development and enhancement of innovative products, technologies, and services.
The Company continues to evolve its organizational design to meet the growing needs of the business and product offerings and align with the strategy discussed above. Our organization is managed from a sales perspective based on “go-to-market” sales channels, emphasizing shared learning across end-user applications and common supplier/vendor relationships. These sales channels are structured to serve a range of customers for our products and services. As a result of this structure, we concluded that we have one operating and reportable segment — the design, development and sale of hydrogen products and solutions that help customers meet their business goals while decarbonizing their operations.
Quoted from its 10-K, filed 2 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 28 Oct 1999
- Employees
- 2,582
- Website
- plugpower.com ↗
- Head office
- 125 VISTA BOULEVARD, SLINGERLANDS, NY, 12159
- Incorporated in
- DE
- Classification
- Electrical Industrial Apparatus
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. George McnameeIndependent Chairman of the Board$400,099
- Mr. Sanjay ShresthaPresident$2.5m
- Mr. Andrew MarshChief Executive Officer, Director, since 2008$2.4m
- Mr. Paul MiddletonChief Financial Officer, Executive Vice President$4.8m
- Mr. Dean FullertonChief Operating Officer$2.0m
- Mr. Gerard ConwayExecutive Vice President, General Counsel, Corporate Secretary$1.7m
- Mr. Martin HullChief Accounting Officer, Corporate Controller
- Mr. Jose CrespoChief Revenue Officer$3.7m
- Mr. Colin AngleIndependent Director$193,563
- Mr. Mark BonneyIndependent Director$290,099
- Ms. Maureen HelmerIndependent Director$305,099
- Mr. Patrick JoggerstIndependent Director$275,099
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 43
- Environment
- 31
- Social
- 38
- Governance
- 58
- Direct emissions (scope 1)
- 10,180 t
- Energy emissions (scope 2)
- 16,093 t
- Women in the workforce
- 17%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Plug Power Inc has a strong track record of innovation and technological expertise in the fuel cell industry. Their proven ability to develop and commercialize advanced fuel cell solutions gives them a competitive edge in the market.
- The company has established partnerships with major players in industries such as automotive, retail, and logistics. These partnerships provide Plug Power with access to a wide customer base and help drive market penetration.
- Plug Power's financial performance has been impressive in recent years, with consistent revenue growth and strong profitability. This financial stability enhances their ability to invest in research and development, expand production capacity, and further strengthen their market position.
Weaknesses
- One of Plug Power's weaknesses is their dependence on a limited number of customers. The loss or reduction of business from key customers could significantly impact their revenue and profitability.
- The company has faced scrutiny regarding their ability to consistently deliver on their growth projections. This could impact investor confidence and result in a decline in stock performance.
- Plug Power has a high level of competition in the fuel cell industry, with several global players vying for market share. To maintain their position, they must continuously differentiate themselves and stay ahead in terms of technology and cost efficiency.
Opportunities
- The increasing global focus on sustainable energy solutions presents a significant opportunity for Plug Power. As governments and businesses aim to reduce carbon emissions, there is growing demand for clean energy alternatives like fuel cells.
- Expansion into new markets and industries is another potential opportunity. Plug Power can leverage their expertise to enter sectors such as aerospace, maritime, and residential applications, further diversifying their revenue streams.
- Plug Power could also benefit from strategic partnerships with companies that have a complementary product or service offering. Collaborations can help expand their product portfolio and reach new customer segments.
Threats
- One of the main threats for Plug Power is the ongoing volatility in the energy market and the potential for regulatory changes. Shifts in government policies or regulations could impact the adoption and incentives for fuel cell technology.
- The rapid pace of technological advancements and the emergence of alternative clean energy solutions pose a threat. Plug Power must continue to invest in research and development to stay ahead and ensure their technology remains competitive.
- The current global economic uncertainty can also impact Plug Power's business. A slowdown in industrial activities or reduced capital expenditure by customers could lead to a decrease in demand for their products.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.