Plug Power Inc (OQ:PLUG)

Sector:  Energy Industry:  Renewable Energy Equipment & Services
See Regulatory Filings on SEC
Company Contact
Address: 968 Albany Shaker Rd
LATHAM NY 12110-1401
Tel: N/A
IR: See website
Key People
George C. McNamee
Independent Chairman of the Board
Andrew J. Marsh
President, Chief Executive Officer, Director
Paul B. Middleton
Senior Vice President, Chief Financial Officer
Keith C Schmid
Chief Operating Officer, Senior Vice President
Gerard L. Conway
Senior Vice President, General Counsel, Corporate Secretary
Martin Daniel Hull
Chief Accounting Officer, Corporate Controller
Corine Dubruel
Vice President, Managing Director - Europe
Jose Luis Crespo
Vice President - Global Sales
Sanjay K. Shrestha
Chief Strategy Officer
Business Overview
Plug Power Inc. is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company's product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn. GenKey offers solutions to customers transitioning their material handling vehicles to fuel cell power. GenDrive is a hydrogen fueled proton exchange membrane (PEM) fuel cell system. It provides power to material handling vehicles. GenFuel is a hydrogen fueling delivery system. It is designed to allow customers to refuel its GenDrive units for productivity. GenCare is an ongoing maintenance program for both the GenDrive fuel cells and GenFuel products. ReliOn is a stationary fuel cell solution. It provides scalable, modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation and utility sectors.
Financial Overview
For the nine months ended 30 September 2020, PlugPower Inc revenues increased 56% to $215.9M. Net lossapplicable to common stockholders increased 27% to $85.5M.Revenues reflect Revenue Sales of Goods & Services increaseof 89% to $151.7M, Fuel delivered to customers increase of15% to $24.5M, Revenue Sales of Goods & Service increase of9% to $19.6M. Higher net loss reflects Other Selling,General & Adm increase of 41% to $46.9M (expense).
Employees: 835 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $10,957M as of Sep 30, 2020
Annual revenue (TTM): $314.07M as of Sep 30, 2020
EBITDA (TTM): -$67.33M as of Sep 30, 2020
Net annual income (TTM): -$97.28M as of Sep 30, 2020
Free cash flow (TTM): -$188.51M as of Sep 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 415,598,288 as of Nov 6, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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