Plug Power Inc. develops hydrogen fuel cells product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; 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; and Progen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems. It also offers GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems; GenSure fuel cell systems; GenFuel hydrogen storage and dispensing products; ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power. In addition, the company also provides electrolyzers, a hydrogen generator for clean hydrogen production; liquefaction systems that provides liquid hydrogen to customers; cryogenic equipment for the distribution of liquified hydrogen, oxygen, argon, nitrogen, and other cryogenic gases, including trailers and mobile storage equipment; and liquid hydrogen, an alternative to fuel to fossil-based energy. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was incorporated in 1997 and is headquartered in Latham, New York.
Market Potential | Analysts project a path to breakeven margins by late 2025, with price targets ranging from $2 to $5, reflecting varied views on Plug Power's future in the evolving clean energy landscape |
Financial Tightrope | Delve into Plug Power's liquidity management strategies, including a $200 million convertible debt deal, as it navigates high cash burn rates and funding needs |
Green Hydrogen Gambit | Explore Plug Power's ambitious expansion plans in green hydrogen production, despite regulatory hurdles and strict criteria for production tax credits |
Hydrogen Hurdles | Plug Power faces significant challenges in its quest for profitability, with negative gross margins and missed financial targets raising concerns about its growth trajectory |
Metrics to compare | PLUG | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipPLUGPeersSector | |
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P/E Ratio | −0.4x | −0.7x | 12.0x | |
PEG Ratio | −0.15 | −0.02 | 0.03 | |
Price / Book | 0.4x | 0.8x | 1.4x | |
Price / LTM Sales | 1.3x | 1.1x | 1.2x | |
Upside (Analyst Target) | 90.4% | 51.1% | 20.1% | |
Fair Value Upside | Unlock | 23.0% | 8.0% | Unlock |