Plug Power is getting a fresh boost from government support and a push to tighten up operations, which could bring more customers and improve how reliably it can deliver hydrogen. But the business is still burning cash and depends on big projects and subsidies landing on time, so delays or tougher competition could quickly change the outlook.Read more
Plug Power could be closer to breaking even than many expect as its hydrogen plants ramp up and new government support sparks more customer projects. But the story still hinges on whether it can stop burning cash and hold its ground as batteries and bigger rivals crowd into the same markets.Read more
Plug Power’s growth story may be more fragile than it looks, because its sales can swing with changing government support and faster-moving battery technology. At the same time, project delays, ongoing cash strain, and intensifying competition could keep profits out of reach even if hydrogen demand improves.Read more
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Plug Power Inc. designs, develops, and sells hydrogen products and solutions in Europe, Australia, North America, and internationally. The company offers GenDrive, a hydrogen fueled PEM fuel cell system, which powers material handling EVs, including Class 1, 2, 3 and 6 electric forklifts, automated guided vehicles, and ground support equipment; GenFuel, a liquid hydrogen fueling, delivery, generation, storage, and dispensing system; and GenCare, an Internet of Things based maintenance and on-site service program. It also provides GenKey, a turn-key solution; GenEco electrolyzers for clean hydrogen production; liquefaction systems; cryogenic equipment, such as trailers and mobile storage equipment for the distribution of liquified hydrogen, oxygen, argon, nitrogen, and other cryogenic gases; GenSure, a stationary fuel cell solution; and liquid hydrogen. The company serves customers in material handling operations, fuel cell electric vehicle fleets, and stationary power applications through its direct sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was incorporated in 1997 and is based in Slingerlands, New York.
