Market Summary
USD7.74-0.35
Delayedas of 21 Sep 2023, 12:40 pm-4.33%
PLUG Stock Price
PLUG RSI Chart
PLUG Valuation
PLUG Price/Sales (Trailing)
PLUG Profitability
PLUG Fundamentals
PLUG Revenue
PLUG Earnings
Price Action
52 Week Range
7.3925.50
(Low)(High)
Last 7 days
-1.5%
Last 30 days
-8.5%
Last 90 days
-16.4%
Trailing 12 Months
-68.9%
PLUG Financial Health
PLUG Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for PLUG
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-07-31 | Hull Martin Daniel | acquired | - | - | 35,000 | corporate controller and cao |
2023-07-03 | WILLIS GARY K | acquired | 15,003 | 10.39 | 1,444 | - |
2023-07-03 | MCNAMEE GEORGE C | acquired | 24,374 | 10.39 | 2,346 | - |
2023-07-03 | Silver Jonathan M | acquired | 20,000 | 10.39 | 1,925 | - |
2023-07-03 | BUA JEAN A | acquired | 10,629 | 10.39 | 1,023 | - |
2023-07-03 | Kenausis Gregory | acquired | 17,060 | 10.39 | 1,642 | - |
2023-07-03 | HELMER MAUREEN O | acquired | 13,746 | 10.39 | 1,323 | - |
2023-07-03 | Mahtani Kavita | acquired | 9,995 | 10.39 | 962 | - |
2023-06-27 | Mahtani Kavita | acquired | - | - | 12,149 | - |
2023-06-27 | HELMER MAUREEN O | acquired | - | - | 12,149 | - |
Which funds bought or sold PLUG recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-13 | CGC Financial Services, LLC | new | - | 571 | 571 | -% |
2023-09-12 | Farther Finance Advisors, LLC | added | 165 | 460 | 800 | -% |
2023-09-12 | Prosperity Wealth Management, Inc. | sold off | -100 | -198,713 | - | -% |
2023-09-12 | DAVIDSON KEMPNER CAPITAL MANAGEMENT LP | sold off | -100 | -1,172,000 | - | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | -94.00 | 738 | -% |
2023-08-25 | Gould Capital, LLC | unchanged | - | -240 | 1,870 | -% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -13,965 | 109,095 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | added | 92.57 | 426,370 | 1,025,370 | -% |
2023-08-22 | COMERICA BANK | new | - | - | - | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | new | - | 657,687 | 657,687 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Plug Power
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 8.90% | 51,870,529 | SC 13G/A | |
| Jan 25, 2023 | blackrock inc. | 8.7% | 50,846,270 | SC 13G/A | |
| May 11, 2022 | grove energy capital llc | 9.5% | 54,966,188 | SC 13D/A | |
| May 09, 2022 | blackrock inc. | 10.1% | 58,138,014 | SC 13G | |
| Feb 03, 2022 | blackrock inc. | 8.3% | 48,032,562 | SC 13G/A | |
| Mar 08, 2021 | grove energy capital llc | 9.6% | 54,966,188 | SC 13D | |
| Feb 16, 2021 | d. e. shaw & co, l.p. | 3.6% | 16,137,926 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 9.14% | 40,465,986 | SC 13G | |
| Jan 27, 2021 | blackrock inc. | 10.7% | 47,161,335 | SC 13G/A | |
| Nov 02, 2020 | d. e. shaw & co, l.p. | 5.0% | 20,265,341 | SC 13G |
Recent SEC filings of Plug Power
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 30, 2023 | 8-K | Current Report | |
| Aug 29, 2023 | S-8 | Employee Benefits Plan | |
| Aug 29, 2023 | S-8 | Employee Benefits Plan | |
| Aug 23, 2023 | 8-K | Current Report | |
| Aug 09, 2023 | 10-Q | Quarterly Report | |
| Aug 09, 2023 | 8-K | Current Report | |
| Aug 02, 2023 | 4 | Insider Trading | |
| Aug 02, 2023 | 8-K/A | Current Report | |
| Jul 18, 2023 | 3 | Insider Trading | |
| Jul 18, 2023 | 3 | Insider Trading |
Peers (Alternatives to Plug Power)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
ETN | 85.6B | 22.0B | -0.51% | 55.02% | 31.59 | 3.88 | 11.48% | 17.16% |
EMR | 56.0B | 16.4B | 3.10% | 26.34% | 4.24 | 3.41 | 10.61% | 318.06% |
AME | 34.9B | 6.4B | -2.08% | 27.81% | 28.26 | 5.44 | 8.50% | 12.86% |
HUBB | 18.1B | 5.2B | 1.03% | 38.67% | 33.07 | 3.57 | 12.87% | 23.98% |
| MID-CAP | ||||||||
GNRC | 6.8B | 4.0B | -5.13% | -39.93% | 36.4 | 1.69 | -9.27% | -65.68% |
AYI | 5.2B | 4.1B | 2.89% | 1.62% | 13.79 | 1.29 | 4.21% | 3.22% |
PLUG | 4.8B | 879.8M | -8.48% | -68.88% | -5.78 | 5.5 | 47.16% | -33.02% |
BE | 3.0B | 1.3B | -0.14% | -39.75% | -11.49 | 2.26 | 33.92% | 17.86% |
| SMALL-CAP | ||||||||
AZZ | 1.2B | 1.5B | 0.19% | 20.41% | -10.64 | 0.78 | 149.77% | -229.20% |
THR | 961.9M | 452.0M | 14.24% | 71.33% | 23.77 | 2.13 | 18.97% | 49.93% |
EAF | 952.7M | 875.7M | -1.59% | -19.52% | 7.41 | 1.09 | -39.21% | -74.32% |
POWL | 941.4M | 653.3M | 2.92% | 247.75% | 25.56 | 1.44 | 30.84% | 345.91% |
AMSC | 213.9M | 113.6M | -16.54% | 50.80% | -6.74 | 1.88 | -38.89% | 13.45% |
IPWR | 60.3M | - | -3.70% | -21.74% | -7.17 | 366.22 | -64.73% | -34.35% |
Plug Power News
Returns for PLUG
Cumulative Returns on PLUG
30.4%
10-Year Cumulative Returns
25.2%
7-Year Cumulative Returns
33.6%
5-Year Cumulative Returns
-15.8%
3-Year Cumulative Returns
Risks for PLUG
What is the probability of a big loss on PLUG?
100%
Probability that Plug Power stock will be more than 20% underwater in next one year
92.7%
Probability that Plug Power stock will be more than 30% underwater in next one year.
90%
Probability that Plug Power stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does PLUG drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Plug Power was unfortunately bought at previous high price.
Drawdowns
Financials for Plug Power
Income Statement (Last 12 Months)
| Income Statement (Last 12 Months) | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 14.1% | 879,838,000 | 770,923,000 | 701,440,000 | 642,604,000 | 597,898,000 | 571,188,000 | 502,342,000 | 649,536,000 | 612,662,000 | 556,100,000 | 524,961,000 | 307,469,000 | 259,813,000 | 249,284,000 | 229,975,000 | 197,771,000 | 191,544,000 | 169,307,000 | 174,215,000 | 148,475,000 | 129,903,000 |
| Cost Of Revenue | 15.5% | 1,153,918,000 | 999,325,000 | 895,796,000 | 844,244,000 | 784,553,000 | 765,676,000 | 673,652,000 | 565,312,000 | 497,968,000 | 336,516,000 | 376,179,000 | - | - | - | 219,327,000 | - | - | - | - | 153,113,000 | 158,360,000 |
| Gross Profit | -20.0% | -274,080,000 | -228,402,000 | -194,356,000 | -201,640,000 | -186,655,000 | -194,488,000 | -171,310,000 | -514,661,000 | -512,167,000 | -471,884,000 | -469,416,000 | -30,556,000 | 2,528,000 | 8,685,000 | 10,648,000 | 7,409,000 | 7,318,000 | -1,134,000 | 2,622,000 | -2,542,000 | -26,361,000 |
| Operating Expenses | 7.9% | 563,041,000 | 521,786,000 | 485,194,000 | 444,918,000 | 398,820,000 | 333,715,000 | 266,014,000 | 199,695,000 | 157,836,000 | 135,014,000 | 114,786,000 | 82,981,000 | 71,213,000 | 61,917,000 | 58,261,000 | 60,832,000 | 63,928,000 | 67,375,000 | 72,105,000 | 71,739,000 | 71,656,000 |
| S&GA Expenses | 1.3% | 392,257,000 | 387,056,000 | 363,929,000 | 335,621,000 | 292,464,000 | 235,163,000 | 179,852,000 | 136,037,000 | 110,826,000 | 93,818,000 | 79,348,000 | 59,936,000 | 53,121,000 | 45,090,000 | 43,202,000 | 41,712,000 | 39,969,000 | 38,597,000 | 37,685,000 | 37,628,000 | 38,511,000 |
| R&D Expenses | 5.4% | 111,347,000 | 105,653,000 | 99,579,000 | 99,262,000 | 87,791,000 | 75,481,000 | 64,762,000 | 48,438,000 | 39,190,000 | 32,816,000 | 27,848,000 | 21,915,000 | 18,092,000 | 16,827,000 | 15,059,000 | -2,550,000 | 2,289,000 | 7,108,000 | 12,750,000 | 34,111,000 | 33,145,000 |
| EBITDA | 100.0% | - | -695,709,000 | -653,730,000 | -644,389,000 | -582,637,000 | -513,038,000 | -412,037,000 | -690,065,000 | -645,755,000 | -609,887,000 | -587,048,000 | -90,179,000 | -56,795,000 | -58,137,000 | -58,588,000 | - | - | - | - | - | - |
| EBITDA Margin | 100.0% | - | -0.90 | -0.93 | -1.00 | -0.97 | -0.90 | -0.82 | -1.52 | -1.60 | -1.10 | -1.12 | -0.29 | -0.22 | -0.23 | -0.26 | - | - | - | - | - | - |
| Interest Expenses | 0.2% | 41,101,000 | 41,039,000 | 39,037,000 | 38,537,000 | 39,029,000 | 39,540,000 | 43,225,000 | 77,095,000 | 84,831,000 | 86,485,000 | 60,510,000 | 46,278,000 | 29,030,000 | 19,477,000 | 19,180,000 | 11,392,000 | 16,815,000 | 15,361,000 | 13,057,000 | 12,924,000 | 9,858,000 |
| Earnings Before Taxes | -8.3% | -838,539,000 | -774,097,000 | -723,169,000 | -708,124,000 | -645,558,000 | -572,319,000 | -476,162,000 | -757,986,000 | -723,176,000 | -650,314,000 | -627,000,000 | -154,101,000 | -100,062,000 | -90,628,000 | -83,743,000 | -91,761,000 | -91,220,000 | -102,662,000 | -94,903,000 | -88,288,000 | -111,990,000 |
| EBT Margin | 100.0% | - | -1.00 | -1.03 | -1.10 | -1.08 | -1.00 | -0.95 | -1.67 | -1.79 | -1.17 | -1.19 | -0.50 | -0.40 | -0.38 | -0.39 | - | - | - | - | - | - |
| Net Income | -8.2% | -837,182,000 | -774,080,000 | -724,008,000 | -693,457,000 | -629,370,000 | -555,708,000 | -459,965,000 | -751,156,000 | -709,702,000 | -619,469,000 | -596,155,000 | -130,086,000 | -82,691,000 | -90,628,000 | -83,743,000 | -90,047,000 | -87,790,000 | -96,320,000 | -85,608,000 | -80,707,000 | -106,125,000 |
| Net Income Margin | 100.0% | - | -1.00 | -1.03 | -1.08 | -1.05 | -0.97 | -0.92 | -1.65 | -1.75 | -1.11 | -1.14 | -0.42 | -0.32 | -0.36 | -0.37 | - | - | - | - | - | - |
| Free Cashflow | 100.0% | - | -1,422,381,000 | -1,265,210,000 | -930,059,000 | -813,596,000 | -691,677,000 | -530,342,000 | -450,116,000 | -340,799,000 | -242,095,000 | -178,026,000 | -170,736,000 | -123,931,000 | -84,749,000 | -59,007,000 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -1.3% | 5,583 | 5,654 | 5,764 | 5,859 | 5,734 | 5,804 | 5,950 | 5,740 | 5,789 | 5,786 | 2,251 | 1,356 | 899 | 631 | 660 | 470 | 397 | 361 | 390 | 319 | 276 |
| Current Assets | -12.1% | 2,617 | 2,977 | 3,305 | 3,652 | 3,894 | 4,100 | 4,449 | 4,788 | 4,966 | 5,096 | 1,603 | 778 | 395 | 277 | 314 | 197 | 153 | 167 | 156 | 124 | 118 |
| Cash Equivalents | 22.0% | 579 | 475 | 691 | 1,748 | 2,962 | 3,179 | 3,132 | 3,853 | 3,590 | 4,693 | 1,634 | 448 | 152 | 74.00 | 370 | 43.00 | 20.00 | 39.00 | 110 | 62.00 | 55.00 |
| Inventory | 16.6% | 904 | 776 | 646 | 516 | 430 | 333 | 269 | 230 | 210 | 188 | 139 | 134 | 115 | 93.00 | 72.00 | 81.00 | 73.00 | 65.00 | 48.00 | 53.00 | 42.00 |
| Net PPE | 21.4% | 1,062 | 875 | 720 | 607 | 431 | 325 | 256 | 170 | 110 | - | 75.00 | 65.00 | 60.00 | 17.00 | 15.00 | 15.00 | 14.00 | 14.00 | - | - | - |
| Goodwill | 0.0% | 250 | 250 | 249 | 231 | 235 | 232 | 13.00 | 72.00 | 72.00 | 72.00 | 72.00 | 72.00 | 70.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 |
| Liabilities | 6.5% | 1,844 | 1,732 | 1,704 | 1,635 | 1,396 | 1,328 | 1,344 | 1,033 | 958 | 867 | 784 | 770 | 664 | 526 | 528 | 463 | 381 | 336 | 356 | 304 | 249 |
| Current Liabilities | 22.2% | 828 | 678 | 635 | 599 | 428 | 358 | 421 | 270 | 251 | 192 | 222 | 252 | 188 | 134 | 134 | 113 | 93.00 | 85.00 | 146 | 117 | 110 |
| LT Debt, Current | -90.2% | 1.00 | 5.00 | 5.00 | 1.00 | 1.00 | 4.00 | 15.00 | 23.00 | 30.00 | 21.00 | 25.00 | 75.00 | 51.00 | 28.00 | 26.00 | 17.00 | 16.00 | 13.00 | 17.00 | 11.00 | 11.00 |
| LT Debt, Non Current | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 73.00 | 0.00 | 9.00 | 15.00 |
| Shareholder's Equity | -4.7% | 3,739 | 3,922 | 4,060 | 4,224 | 4,339 | 4,476 | 4,606 | 4,707 | 4,831 | 4,919 | 1,467 | 586 | 235 | 104 | 130 | - | - | - | 3.00 | 14.00 | 26.00 |
| Retained Earnings | -7.1% | -3,563 | -3,327 | -3,120 | -2,897 | -2,726 | -2,553 | -2,396 | -2,203 | -2,097 | -1,997 | 10.00 | -1,462 | -1,397 | -1,387 | -1,350 | -1,332 | -1,314 | -1,297 | -1,260 | -1,243 | -1,224 |
| Additional Paid-In Capital | 0.7% | 7,410 | 7,361 | 7,297 | 7,245 | 7,163 | 7,116 | 7,071 | 6,978 | 6,963 | 6,950 | 130 | 2,083 | 1,658 | 1,519 | 1,507 | 1,341 | 1,325 | 1,317 | 1,290 | 1,284 | 1,277 |
| Accumulated Depreciation | - | - | - | - | - | - | - | - | - | - | - | - | 21.00 | 19.00 | 18.00 | 17.00 | - | - | - | - | - | - |
| Shares Outstanding | 1.5% | 598 | 589 | - | 578 | 578 | 578 | - | 575 | 567 | 513 | - | 371 | 317 | 305 | 260 | 237 | 231 | 221 | 219 | 219 | 221 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -17.1% | -1,048 | -895 | -828 | -531 | -516 | -451 | -358 | -347 | -290 | -212 | -155 | -155 | -116 | -78.00 | -53.30 | -70.85 | -61.50 | -70.02 | -58.35 | -20.53 | -47.03 |
| Share Based Compensation | -2.8% | 175 | 180 | 180 | 177 | 144 | 110 | 76.00 | 43.00 | 32.00 | 24.00 | 17.00 | 12.00 | 12.00 | 11.00 | 11.00 | 10.00 | 10.00 | 9.00 | 9.00 | 8.00 | 9.00 |
| Cashflow From Investing | 60.4% | -339 | -857 | -679 | -747 | -70.31 | -1,048 | -1,740 | -1,037 | -1,444 | -507 | -95.33 | -76.99 | -64.48 | -18.32 | -14.24 | -11.01 | -9.53 | -17.54 | -19.57 | -33.60 | -40.18 |
| Cashflow From Financing | 59.4% | -21.14 | -52.08 | -77.50 | -25.30 | -40.23 | -14.83 | 3,598 | 4,507 | 4,941 | 5,105 | 1,516 | 766 | 429 | 294 | 327 | 218 | 151 | 108 | 120 | 60.00 | 88.00 |
PLUG Income Statement
2023-06-30Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Net revenue: | ||||
| Net revenue | $ 260,182 | $ 151,267 | $ 470,468 | $ 292,070 |
| Cost of revenue: | ||||
| Provision for loss contracts related to service | 7,331 | 1,068 | 14,220 | 3,116 |
| Total cost of revenue | 338,325 | 183,732 | 618,007 | 359,885 |
| Gross loss | (78,143) | (32,465) | (147,539) | (67,815) |
| Operating expenses: | ||||
| Research and development | 29,251 | 23,557 | 55,786 | 44,018 |
| Selling, general and administrative | 101,154 | 95,953 | 205,170 | 176,842 |
| Impairment | 9,986 | 11,069 | ||
| Change in fair value of contingent consideration | 15,308 | (5,066) | 24,077 | (2,605) |
| Total operating expenses | 155,699 | 114,444 | 296,102 | 218,255 |
| Operating loss | (233,842) | (146,909) | (443,641) | (286,070) |
| Interest income | 16,391 | 3,838 | 34,023 | 5,892 |
| Interest expense | (11,265) | (11,203) | (21,915) | (19,851) |
| Other expense, net | (5,082) | (2,456) | (9,853) | (3,765) |
| Realized gain/(loss) on investments, net | 264 | (468) | 263 | (1,315) |
| Change in fair value of equity securities | 3,842 | (13,484) | 8,917 | (18,643) |
| Loss on equity method investments | (7,623) | (2,191) | (12,940) | (6,024) |
| Loss before income taxes | (237,315) | (172,873) | (445,146) | (329,776) |
| Income tax (benefit) expense | (917) | 423 | (2,187) | 9 |
| Net loss | $ (236,398) | $ (173,296) | $ (442,959) | $ (329,785) |
| Net loss per share: | ||||
| Net loss per share, basic | $ (0.40) | $ (0.30) | $ (0.75) | $ (0.57) |
| Net loss per share, diluted | $ (0.40) | $ (0.30) | $ (0.75) | $ (0.57) |
| Weighted average number of common stock outstanding, basic | 598,053,390 | 578,043,278 | 593,653,720 | 578,217,636 |
| Weighted average number of common stock outstanding, diluted | 598,053,390 | 578,043,278 | 593,653,720 | 578,217,636 |
| Sales of equipment, related infrastructure and other | ||||
| Net revenue: | ||||
| Net revenue | $ 216,286 | $ 116,233 | $ 398,380 | $ 225,080 |
| Cost of revenue: | ||||
| Cost of revenue | 187,408 | 94,153 | 345,728 | 182,981 |
| Services performed on fuel cell systems and related infrastructure | ||||
| Net revenue: | ||||
| Net revenue | 8,701 | 8,822 | 17,798 | 17,062 |
| Cost of revenue: | ||||
| Cost of revenue | 23,449 | 11,612 | 35,670 | 25,487 |
| Power purchase agreements | ||||
| Net revenue: | ||||
| Net revenue | 16,130 | 11,169 | 24,067 | 21,206 |
| Cost of revenue: | ||||
| Cost of revenue | 53,976 | 34,892 | 100,792 | 66,645 |
| Fuel delivered to customers and related equipment | ||||
| Net revenue: | ||||
| Net revenue | 17,878 | 14,472 | 28,020 | 27,900 |
| Cost of revenue: | ||||
| Cost of revenue | 64,450 | 41,607 | 118,951 | 80,879 |
| Other | ||||
| Net revenue: | ||||
| Net revenue | 1,187 | 571 | 2,203 | 822 |
| Cost of revenue: | ||||
| Cost of revenue | $ 1,711 | $ 400 | $ 2,646 | $ 777 |
PLUG Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 579,418 | $ 690,630 |
| Restricted cash | 173,449 | 158,958 |
| Available-for-sale securities, at fair value (amortized cost of $452,814 and allowance for credit losses of $0 at June 30, 2023 and amortized cost of $1,355,614 and allowance for credit losses of $0 at December 31, 2022 | 437,651 | 1,332,943 |
| Equity securities | 67,753 | 134,836 |
| Accounts receivable | 216,645 | 129,450 |
| Inventory | 904,288 | 645,636 |
| Contract assets | 98,502 | 62,456 |
| Prepaid expenses and other current assets | 139,537 | 150,389 |
| Total current assets | 2,617,243 | 3,305,298 |
| Restricted cash | 800,458 | 699,756 |
| Property, plant, and equipment, net | 1,061,810 | 719,793 |
| Right of use assets related to finance leases, net | 56,336 | 53,742 |
| Right of use assets related to operating leases, net | 396,448 | 360,287 |
| Equipment related to power purchase agreements and fuel delivered to customers, net | 104,026 | 89,293 |
| Contract assets | 26,083 | 41,831 |
| Goodwill | 249,965 | 248,607 |
| Intangible assets, net | 199,083 | 207,725 |
| Investments in non-consolidated entities and non-marketable equity securities | 63,457 | 31,250 |
| Other assets | 8,368 | 6,694 |
| Total assets | 5,583,277 | 5,764,276 |
| Current liabilities: | ||
| Accounts payable | 220,470 | 191,895 |
| Accrued expenses | 166,315 | 156,430 |
| Deferred revenue and other contract liabilities | 165,114 | 131,813 |
| Operating lease liabilities | 57,953 | 48,861 |
| Finance lease liabilities | 8,901 | 8,149 |
| Finance obligations | 75,321 | 58,925 |
| Current portion of long-term debt | 513 | 5,142 |
| Contingent consideration, loss accrual for service contracts, and other current liabilities | 133,231 | 34,060 |
| Total current liabilities | 827,818 | 635,275 |
| Deferred revenue and other contract liabilities | 86,622 | 98,085 |
| Operating lease liabilities | 290,281 | 271,504 |
| Finance lease liabilities | 37,804 | 37,988 |
| Finance obligations | 301,488 | 270,315 |
| Convertible senior notes, net | 194,584 | 193,919 |
| Long-term debt | 3,677 | 3,925 |
| Contingent consideration, loss accrual for service contracts, and other liabilities | 101,918 | 193,051 |
| Total liabilities | 1,844,192 | 1,704,062 |
| Stockholders' equity: | ||
| Common stock, $0.01 par value per share; 1,500,000,000 shares authorized; Issued (including shares in treasury): 620,088,507 at June 30, 2023 and 608,421,785 at December 31, 2022 | 6,201 | 6,084 |
| Additional paid-in capital | 7,409,733 | 7,297,306 |
| Accumulated other comprehensive loss | (13,764) | (26,004) |
| Accumulated deficit | (3,563,870) | (3,120,911) |
| Less common stock in treasury: 18,285,263 at June 30, 2023 and 18,076,127 at December 31, 2022 | (99,215) | (96,261) |
| Total stockholders' equity | 3,739,085 | 4,060,214 |
| Total liabilities and stockholders' equity | $ 5,583,277 | $ 5,764,276 |
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the mobility, material handling, and stationary power markets in North America and internationally. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing internet of things-based maintenance and service program for GenDrive and GenSure fuel cells, GenFuel hydrogen storage and dispensing products, and ProGen engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzer, a hydrogen generator optimized for clean hydrogen production. The company offers its products to retail distribution and manufacturing businesses through a direct product sales force, original equipment manufacturers, and dealer networks. It has a strategic partnership with Airbus SE to decarbonize air travel and airport operations with green hydrogen; and Fortescue Future Industries to manufacture electrolyzer technology in Australia. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.