Plug Power, Inc.
2.7600-0.03 (-1.08%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · PLUG · USD
Key Stats
Market Cap
3.21BP/E (TTM)
-Basic EPS (TTM)
-2.28Dividend Yield
0%Recent Filings
8-K
Plug Power CEO transition announced
Plug Power announced on October 3, 2025, that Sanjay Shrestha is resigning as President effective October 10, 2025, with no disagreements cited. Jose Luis Crespo, current Chief Revenue Officer since November 2024 and a company veteran since 2014, steps in as President on that date and as CEO around March 2026, succeeding Andrew J. Marsh, who becomes Executive Chair. This transition emphasizes continuity in sales strategy and profitability push. Marsh's steady hand eases the shift. 
8-K
ATM agreement adds agent
Plug Power amended its at-the-market sales agreement on September 29, 2025, adding Yorkville Securities as a second sales agent alongside B. Riley to offer up to $1.0 billion in common stock. This expands distribution channels for flexible equity raises. Yet the core terms stay the same. It bolsters capital access amid hydrogen market pressures. 
8-K
Extends $1B share sales pact
Plug Power extended its at-the-market sales agreement with B. Riley Securities on August 15, 2025, pushing the term to August 15, 2027 or until $1.0 billion in common shares are sold, whichever comes first. This keeps the door open for flexible equity raises amid ongoing operations. The company will reimburse B. Riley up to $25,000 for legal costs. Extension bolsters capital access, yet hinges on market conditions. 
8-K
Q2 revenue surges 21%
Plug Power reported Q2 2025 revenue of $174 million, up 21% year-over-year, fueled by tripled electrolyzer sales to $45 million and robust demand in GenDrive, GenFuel, and GenEco. Gross margins swung from negative 92% to negative 31%, thanks to operational tweaks, service enhancements, and a new hydrogen supply deal slashing costs in H2 2025. On track for $700 million full-year revenue and margin neutrality by Q4, while advancing DOE-backed Texas construction by year-end. Tariffs nibble at material handling costs, but inventory buffers ease the bite. 
8-K
Q2 revenue surges 21%
Plug Power reported Q2 2025 revenue of $174 million, up 21% from last year, fueled by surging hydrogen demand across GenDrive fuel cells, GenFuel infrastructure, and GenEco electrolyzers that tripled to $45 million. Gross margin leaped to -31% from -92%, thanks to Project Quantum Leap's cost cuts in workforce, facilities, and hydrogen supply deals. Cash burn dropped over 40%, ending with $141 million unrestricted. Momentum builds. 
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