Plug Power Inc.

WBAG:PLUG Stock Report

Market Cap: €2.3b

Plug Power Management

Management criteria checks 4/4

Plug Power's CEO is Andy Marsh, appointed in Apr 2008, has a tenure of 17.58 years. total yearly compensation is $2.42M, comprised of 32.4% salary and 67.6% bonuses, including company stock and options. directly owns 0.075% of the company’s shares, worth €1.76M. The average tenure of the management team and the board of directors is 4.3 years and 12.1 years respectively.

Key information

Andy Marsh

Chief executive officer

US$2.4m

Total compensation

CEO salary percentage32.38%
CEO tenure17.6yrs
CEO ownership0.08%
Management average tenure4.3yrs
Board average tenure12.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andy Marsh's remuneration changed compared to Plug Power's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

-US$2b

Jun 30 2025n/an/a

-US$2b

Mar 31 2025n/an/a

-US$2b

Dec 31 2024US$2mUS$784k

-US$2b

Sep 30 2024n/an/a

-US$1b

Jun 30 2024n/an/a

-US$1b

Mar 31 2024n/an/a

-US$1b

Dec 31 2023US$7mUS$750k

-US$1b

Sep 30 2023n/an/a

-US$950m

Jun 30 2023n/an/a

-US$837m

Mar 31 2023n/an/a

-US$774m

Dec 31 2022US$767kUS$750k

-US$724m

Sep 30 2022n/an/a

-US$693m

Jun 30 2022n/an/a

-US$629m

Mar 31 2022n/an/a

-US$556m

Dec 31 2021US$52mUS$750k

-US$460m

Sep 30 2021n/an/a

-US$751m

Jun 30 2021n/an/a

-US$710m

Mar 31 2021n/an/a

-US$619m

Dec 31 2020US$14mUS$676k

-US$596m

Sep 30 2020n/an/a

-US$130m

Jun 30 2020n/an/a

-US$83m

Mar 31 2020n/an/a

-US$92m

Dec 31 2019US$4mUS$600k

-US$86m

Sep 30 2019n/an/a

-US$84m

Jun 30 2019n/an/a

-US$82m

Mar 31 2019n/an/a

-US$89m

Dec 31 2018US$3mUS$600k

-US$86m

Compensation vs Market: Andy's total compensation ($USD2.42M) is about average for companies of similar size in the Austrian market ($USD2.02M).

Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.

CEO

Andy Marsh (69 yo)

17.6yrs
Tenure
US$2,420,079
Compensation

Mr. Andrew J. Marsh, also known as Andy, has been the Chief Executive Officer and was President of Plug Power Inc. since April 8, 2008 and serves as its Executive Chairman from October 10, 2025. Marsh Co-F...

Leadership Team

NamePositionTenureCompensationOwnership
Andrew Marsh
Executive Chairman & CEO17.6yrsUS$2.42m0.075%
€ 1.8m
Paul Middleton
Executive VP10.9yrsUS$4.81m0.22%
€ 5.2m
Dean Fullerton
Chief Operating Officer1.3yrsUS$2.02m0.00076%
€ 17.8k
Gerard Conway
EVP, Chief Legal Officer21.2yrsUS$1.70m0.026%
€ 602.0k
Jose Crespo
Presidentless than a yearUS$3.66m0.023%
€ 547.6k
Bridgid Brown
Chief of Staffless than a yearno datano data
David Mindnich
Executive Vice President of Global Manufacturing4.3yrsno datano data
Benjamin Haycraft
Executive Vice President of EMEA Regionno datano data0.034%
€ 798.3k
Teal Hoyos
Director of Marketing Communicationsno datano datano data
Meryl Fritz
Manager of Marketing and Communicationsno datano datano data
4.3yrs
Average Tenure
58yo
Average Age

Experienced Management: PLUG's management team is considered experienced (4.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Andrew Marsh
Executive Chairman & CEO17.6yrsUS$2.42m0.075%
€ 1.8m
George McNamee
Lead Independent Director28.8yrsUS$400.10k0.082%
€ 1.9m
Gary Willis
Independent Director22.7yrsUS$325.10k0.049%
€ 1.2m
Mark Bonney
Independent Director2.3yrsUS$290.10k0.015%
€ 342.1k
Colin Angle
Independent Director1.3yrsUS$193.56k0.0073%
€ 172.2k
Patrick Joggerst
Independent Director2.3yrsUS$275.10k0.014%
€ 318.9k
Maureen Helmer
Independent Director21.8yrsUS$305.10k0.026%
€ 610.4k
Gregory Kenausis
Independent Director12.1yrsUS$300.10k0.033%
€ 771.6k
Kavita Mahtani
Independent Director3.6yrsUS$285.10k0.016%
€ 373.0k
12.1yrs
Average Tenure
69yo
Average Age

Experienced Board: PLUG's board of directors are seasoned and experienced ( 12.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/27 02:11
End of Day Share Price 2025/11/27 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Plug Power Inc. is covered by 40 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Moses SuttonBarclays
Moses SuttonBarclays
Ameet ThakkarBMO Capital Markets Equity Research