Revenue segments as reported by the company.

Sales of fuel cell systems and related infrastructure

Services performed on fuel cell systems and related infrastructure

Power Purchase Agreements

Fuel delivered to customers

Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Research and development

Selling, general and administrative

Change in fair value of contingent consideration

Impairment of long lived assets

Restructuring

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Plug Power

Plug Power, Inc. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. The company was founded by George C. McNamee and Larry G. Garberding on June 27, 1997, and is headquartered in Latham, NY.

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Plug Power addresses Q4 challenges, eyes hydrogen economy growth

Plug Power navigated challenges in Q4 2022 but remains focused on strategic growth initiatives in the hydrogen economy and green hydrogen production.
The company's strong financial position, revenue targets, and operational improvements signal a positive outlook for 2023 despite short-term setbacks.
Addressing production challenges, managing costs, and seizing growth opportunities will be key focus areas for Plug Power in the coming year.
With a clear strategy for revenue diversification and margin improvement, Plug Power is poised for growth and operational efficiency in 2023.

Plug Power excels in Q1 with revenue goals and hydrogen focus

Plug Power's Q1 performance showcased strong execution, revenue goals, and government policy alignment. The company's focus on hydrogen production, engagement in hydrogen hubs, and competitive advantage in winning contracts position it well for future growth.

Plug Power reports strong Q2 performance, eyes green hydrogen opportunities

Plug Power's Q2 performance reflects strong revenue growth and margin improvement driven by strategic initiatives and government support.
While facing challenges in interconnection and margin profiles, the company is well-positioned to capitalize on opportunities in green hydrogen production and financing.
With a focus on scalability, product innovation, and strategic investments, Plug Power aims to maintain growth momentum and enhance profitability.
The company's commitment to expanding its market presence, optimizing margins, and navigating challenges underscores a resilient and forward-looking approach.

Plug Power addresses Q3 challenges, eyes revenue diversification for growth

Plug Power navigated challenges in Q3 due to hydrogen availability issues but is strategically positioned for growth with revenue diversification and operational improvements. The company's focus on stabilizing operations, pursuing funding initiatives, and enhancing hydrogen availability underscores a commitment to driving revenue growth and margin improvement. Opportunities in revenue growth, electrolyzer business expansion, and green hydrogen plant monetization signal a positive outlook for Plug Power's future performance.

Plug Power reports Q4 sales beat, eyes growth in hydrogen

Plug Power is navigating challenges in the hydrogen fuel market while focusing on reducing cash burn, achieving positive cash flow, and optimizing operations.
The company's strategic shift towards capitalizing on existing investments and cost-cutting measures sets the stage for revenue growth and margin improvement in 2024.
With a strong emphasis on fortifying the financial foundation and operational efficiency, Plug Power aims to sustain expansion and advance in the hydrogen economy.

Plug Power reports progress and challenges, eyes hydrogen dominance

Plug Power's Q1 2024 performance showed progress in scaling operations and facing challenges in equipment margins.
Strengths lie in strategic vision, extended partnerships, and anticipation of hydrogen business growth.
Challenges include operating costs and market dynamics, while opportunities exist in customer expansion and electrolyzer dominance.
Overall, Plug Power aims for significant growth supported by operational excellence and market demand.

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Plug Power, Inc. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. The company was founded by George C. McNamee and Larry G. Garberding on June 27, 1997, and is headquartered in Slingerlands, NY.

Today, we spotlight Plug Power Inc., a company that provides comprehensive hydrogen fuel cell turnkey solutions. Plug Power is seeing massive revenue growth.  However, the stock has a large short position, cash burn is an issue, and the analyst community is mixed on Plug's prospects. Where does the stock go from here?  An investment analysis follows in the paragraphs below.

The Prognosis For Plug Power

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A look at some of the leading hydrogen energy stocks that investors should keep an eye on in the coming year.

5 Top Hydrogen Stocks to Watch

Enphase Energy

First Solar

The global alternative or renewable energy market is growing at a stellar pace. This implies ample opportunity for investors in the form of high-return alternative energy stocks.

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ALPS Clean Energy ETF

Defiance Next Gen H2 ETF

Fusion Fuel Green

Global X Hydrogen ETF

With the world going green, some of the top beneficiaries will be the buy on dip hydrogen stocks. For one, hydrogen emits no greenhouse gases with the only waste product being vapor.

7 Hydrogen Stocks You Better Be Buying on Each and Every Dip

There is a strong case for wider adoption of hydrogen as the world pushes for clean energy. The International Energy Agency estimates that the cost of producing hydrogen from renewable electricity could fall 30% by 2030.

3 Millionaire-Maker Hydrogen Stocks to Buy Before the Window Closes

Hydrogen stocks are on the rise in recent years, thanks to growing demand for hydrogen fuel cells and eletrolyzers. As governments around the world seek net zero emissions by 2050, it will take more than your traditional solar, wind and nuclear power to reach these ambitious goals.

The 3 Most Undervalued Hydrogen Stocks to Buy Now: July 2023

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XPeng

If you spend enough time in the stock market, you'll inevitably run into consumer stocks. I like consumer stocks because they can be good buys during a robust economy.

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While turning $5,000 into $1 million is an extremely tall order – a 200-bagger if we're counting – should such a fantastical return materialize, the top hydrogen stocks to buy have a better shot of facilitating this profit magnitude than many other sectors. It just comes down to pure relevance.

3 Hydrogen Stocks to Buy to Turn $5,000 Into $1 Million

Ormat Technologies

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While many opportunities compete for your attention, investing in renewable energy stocks may be one of the best decisions ever. From a sustainability perspective, burgeoning political and ideological forces demand government bodies to take action.

3 Renewable Energy Stocks Set to Skyrocket by 2030

Brookfield Renewable Partners

Orsted AS

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Maxeon Solar Technologies

Shoals Technologies Group

Discerning investors are locking their radars onto the top renewable energy stocks in navigating the rapidly transforming energy landscape. These stocks aren't just bright spots on the horizon; they represent critical pillars underpinning the global shift towards clean, sustainable power.

7 Renewable Energy Stocks Every Investor Should Know About Now

American Superconductor

Darling Ingredients

SolarEdge Technologies

Governments, companies and consumers are striving to be environmentally friendly and to promote the use of green energy like never before. In this new green era, many renewable energy stocks are going to thrive.

7 Energy Stocks to Buy to Turn $20,000 Into $1 Million

As an energy source, green hydrogen has two crucial advantages over competing substances.  First, unlike fossil fuels, it does not emit carbon into the atmosphere.

3 Hydrogen Stocks That Will Skyrocket Before 2025

C3.ai

Innovative stocks could be more volatile than the average stock in the market.

Better Innovative Growth Stock: C3.ai vs. Plug Power

Hydrogen technologies will be a "pivotal" source of energy over the coming decades, while carbon capture, utilization, and storage (CCUS) and nuclear fusion are "unlikely to have a significant impact" before 2030, according to JPMorgan. In the investment bank's annual global energy outlook, it did note that hydrogen (H2) should play a crucial role, particularly for hard-to-abate sectors such as steel, ammonia, and heavy-duty transportation, the amount of investment could be hindered by regulatory impediments.

JPMorgan says hydrogen 'pivotal' for global energy transition but many hurdles remains

The hydrogen industry is rising to prominence in the global energy complex, responding to the growing demand for clean, eco-friendly energy solutions. The sector is not only shaping the future of energy but also offering enticing opportunities for those interested in investing in hydrogen.

3 Hydrogen Stocks for Getting Rich in 2023

Plug Power made a slew of announcements about its agreement with Avina Clean Hydrogen, its 2030 ambitions and its new Europe pedestal customer, Blue EnerFreeze. The company reiterated its near-term, medium-term and long-term financial targets, with steps as to how they will be achieved. Management shared its KPIs for 2023, boosting transparency and accountability, and they remain on track to achieving them all by the end of 2023.

Plug Power: Ambitious Long-Term Goals Look More Attainable As Hydrogen Demand Accelerates

Direxion Hydrogen ETF

Aside from other green energy stocks, artificial intelligence, and machine learning, hydrogen stocks are some of the most exciting opportunities on the market. In fact, here are seven of the best hydrogen stocks you may want to buy now.

Why These 7 Stocks Are the Best Ways to Play Hydrogen Right Now

FuelCell Energy

Clean energy and renewable power solutions are key investment trends going forward. Undoubtedly, the world will continue to shift away from fossil fuels and toward green solutions over time.

Why These 3 Stocks Are the Worst Ways to Play Hydrogen Right Now

Ballard Power Systems

Plug Power announced two electrolyzer supply deals in Europe and Australia. An analyst sees 78% of upside to Plug's stock.

Why Shares of Plug Power, FuelCell Energy, and Ballard Power Systems Are Charging Higher This Week

Plug Power (NASDAQ: PLUG ) stock is getting a boost on Friday after Northland Securities analysts upgraded the hydrogen fuel cell company's shares. Analyst Abhishek Sinha is behind this news as they upgraded shares of PLUG stock from a “market perform” rating to an “outperform” rating.

PLUG Stock Alert: Plug Power Pops on Analyst Upgrade

Any industry or business that's related to energy transition is poised for multi-fold growth through the decade. Be it electric vehicles, energy transition metals, or the green hydrogen economy.

3 Hydrogen Stocks to Catapult You into the Millionaires' Club

Plug Power (NASDAQ: PLUG ) stock is rising higher today after the company announced that it has received an order for 100 megawatts (MW) of proton exchange membrane (PEM) electrolyzers. The electrolyzers run on 100% renewable energy and will create roughly 43 tons of green hydrogen per day.

PLUG Stock Alert: Plug Power Secures Huge European Order

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PepsiCo

OpenAI, the maker of the popular ChatGPT chatbot, is under investigation by the U.S. government over consumer protection risks. Wholesale inflation comes in lower than expected, helping stocks again.

Wall Street Lunch: AI In The Crosshairs

Plug Power isn't just growing a green hydrogen production network in the U.S. It also just announced new supply agreements to expand its reach into Europe and Australia.

Why Plug Power Stock Popped Today

Shares of Plug Power Inc. PLUG, +2.86% powered up 3.3% toward a four-month high in premarket trading Thursday, after the fuel-cell company announced an order, which it described as the “largest announced project in the oil and gas sector in Europe.” The order was for 100 megawatts (MW) of proton exchange membrane electrolyzers, which will be powered by 100% renewable energy and generate about 43 tons of green hydrogen per day.

News for Plug Power Stock (PLUG)