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Plug Power

Nasdaq:PLUG
Snowflake Description

High growth potential with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PLUG
Nasdaq
$567M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. The last earnings update was 72 days ago. More info.


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PLUG Share Price and Events
7 Day Returns
0.9%
NasdaqCM:PLUG
0.1%
US Electrical
-0.3%
US Market
1 Year Returns
17.9%
NasdaqCM:PLUG
-0.8%
US Electrical
3.9%
US Market
PLUG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Plug Power (PLUG) 0.9% 0.9% -10.1% 17.9% 29.1% -57.4%
US Electrical 0.1% 0.3% -7% -0.8% 24% 7%
US Market -0.3% 2.3% 2.3% 3.9% 36.7% 41.8%
1 Year Return vs Industry and Market
  • PLUG outperformed the Electrical industry which returned -0.8% over the past year.
  • PLUG outperformed the Market in United States of America which returned 3.9% over the past year.
Price Volatility
PLUG
Industry
5yr Volatility vs Market

Value

 Is Plug Power undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether Plug Power is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Plug Power has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Plug Power. This is due to cash flow or dividend data being unavailable. The share price is $2.31.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Plug Power's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Plug Power's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:PLUG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.42
NasdaqCM:PLUG Share Price ** NasdaqCM (2019-07-19) in USD $2.31
United States of America Electrical Industry PE Ratio Median Figure of 30 Publicly-Listed Electrical Companies 17.37x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Plug Power.

NasdaqCM:PLUG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:PLUG Share Price ÷ EPS (both in USD)

= 2.31 ÷ -0.42

-5.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Plug Power is loss making, we can't compare its value to the US Electrical industry average.
  • Plug Power is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Plug Power's expected growth come at a high price?
Raw Data
NasdaqCM:PLUG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
65.9%per year
United States of America Electrical Industry PEG Ratio Median Figure of 18 Publicly-Listed Electrical Companies 2.09x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Plug Power, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Plug Power's assets?
Raw Data
NasdaqCM:PLUG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $-0.01
NasdaqCM:PLUG Share Price * NasdaqCM (2019-07-19) in USD $2.31
United States of America Electrical Industry PB Ratio Median Figure of 61 Publicly-Listed Electrical Companies 1.89x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.8x
NasdaqCM:PLUG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:PLUG Share Price ÷ Book Value per Share (both in USD)

= 2.31 ÷ -0.01

-449.42x

* Primary Listing of Plug Power.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Plug Power has negative assets, we can't compare the value of its assets to the US Electrical industry average.

Next steps:

  1. Take a look at Plug Power's forecasted future earnings and revenues from industry analysts to understand how the company is expected to perform in the future against its competitors and the wider market.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Plug Power's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Electrical industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Plug Power's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Plug Power has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Plug Power expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
65.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Plug Power expected to grow at an attractive rate?
  • Plug Power's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Plug Power's earnings growth is expected to exceed the United States of America market average.
  • Plug Power's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:PLUG Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:PLUG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 65.9%
NasdaqCM:PLUG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 23.5%
United States of America Electrical Industry Earnings Growth Rate Market Cap Weighted Average 10.6%
United States of America Electrical Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:PLUG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:PLUG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 540 51 1
2022-12-31 453 21 1
2021-12-31 421 10 2
2020-12-31 298 -25 -61 5
2019-12-31 221 -62 -83 6
NasdaqCM:PLUG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 167 -70 -92
2018-12-31 175 -58 -78
2018-09-30 143 -21 -81
2018-06-30 125 -47 -106
2018-03-31 111 -60 -123
2017-12-31 100 -60 -130
2017-09-30 102 -81 -130
2017-06-30 85 -72 -102
2017-03-31 86 -47 -73
2016-12-31 83 -30 -58
2016-09-30 92 -40 -64
2016-06-30 106 -39 -60

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Plug Power's earnings are expected to grow significantly at over 20% yearly.
  • Plug Power's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:PLUG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Plug Power Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:PLUG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.21 0.21 0.21 1.00
2022-12-31 0.09 0.09 0.09 1.00
2021-12-31 0.04 0.09 -0.02 2.00
2020-12-31 -0.27 -0.18 -0.38 5.00
2019-12-31 -0.39 -0.28 -0.45 8.00
NasdaqCM:PLUG Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.42
2018-12-31 -0.36
2018-09-30 -0.36
2018-06-30 -0.47
2018-03-31 -0.55
2017-12-31 -0.60
2017-09-30 -0.63
2017-06-30 -0.53
2017-03-31 -0.40
2016-12-31 -0.32
2016-09-30 -0.35
2016-06-30 -0.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Plug Power will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Plug Power's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Plug Power has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Plug Power performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Plug Power's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Plug Power does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Plug Power's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Plug Power's 1-year growth to the US Electrical industry average as it is not currently profitable.
Earnings and Revenue History
Plug Power's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Plug Power Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:PLUG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 166.81 -92.31 39.21 32.63
2018-12-31 174.63 -78.17 38.20 33.91
2018-09-30 143.25 -80.76 37.63 34.11
2018-06-30 124.67 -106.19 38.51 33.15
2018-03-31 111.34 -122.95 44.17 31.34
2017-12-31 100.15 -130.18 45.01 28.69
2017-09-30 101.64 -129.96 45.39 26.20
2017-06-30 84.60 -102.38 44.49 23.77
2017-03-31 85.83 -72.89 35.14 22.35
2016-12-31 82.82 -57.59 34.29 21.18
2016-09-30 91.78 -63.58 34.50 19.52
2016-06-30 105.65 -60.40 34.06 18.65
2016-03-31 109.20 -56.50 33.51 16.88
2015-12-31 103.29 -55.80 34.16 14.95
2015-09-30 86.31 -37.75 33.54 12.63
2015-06-30 74.76 -36.89 30.89 10.14
2015-03-31 68.07 -23.81 28.90 8.12
2014-12-31 64.23 -88.64 26.60 6.47
2014-09-30 50.81 -110.39 18.29 5.07
2014-06-30 35.56 -116.96 15.49 4.20
2014-03-31 25.73 -130.12 12.70 3.62
2013-12-31 26.60 -62.79 14.60 3.12
2013-09-30 24.49 -42.34 12.87 3.69
2013-06-30 24.64 -36.71 13.17 4.20
2013-03-31 24.80 -33.86 13.52 4.96
2012-12-31 26.11 -31.86 14.58 5.43
2012-09-30 32.05 -30.56 14.29 6.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Plug Power has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Plug Power has efficiently used its assets last year compared to the US Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Plug Power improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Plug Power's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Plug Power has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Plug Power's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Plug Power's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Plug Power is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Plug Power's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Plug Power's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Plug Power Company Filings, last reported 3 months ago.

NasdaqCM:PLUG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 30.46 150.26 39.34
2018-12-31 34.36 80.18 38.60
2018-09-30 15.11 82.37 13.83
2018-06-30 26.84 86.55 15.04
2018-03-31 50.20 85.91 46.75
2017-12-31 74.36 32.13 24.83
2017-09-30 87.46 40.01 7.96
2017-06-30 99.42 23.34 2.09
2017-03-31 69.64 23.84 11.77
2016-12-31 94.71 23.79 46.01
2016-09-30 94.77 23.54 42.49
2016-06-30 105.95 23.91 66.04
2016-03-31 117.18 23.96 66.88
2015-12-31 125.89 0.00 63.96
2015-09-30 149.80 11.15 85.01
2015-06-30 142.73 2.39 109.14
2015-03-31 150.21 2.48 131.54
2014-12-31 159.44 2.49 146.21
2014-09-30 165.00 0.00 156.46
2014-06-30 173.26 0.00 168.61
2014-03-31 48.35 0.00 63.23
2013-12-31 -15.50 2.49 5.03
2013-09-30 4.67 0.00 10.96
2013-06-30 9.42 0.00 7.41
2013-03-31 7.71 0.00 4.50
2012-12-31 15.03 3.38 9.38
2012-09-30 23.04 1.00 9.46
  • Plug Power's level of debt (599.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.4% vs 599.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Plug Power has less than a year of cash runway based on current free cash flow.
  • Plug Power has less than a year of cash runway if free cash flow continues to grow at historical rates of 1.7% each year.
X
Financial health checks
We assess Plug Power's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Plug Power has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Plug Power's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Plug Power dividends.
If you bought $2,000 of Plug Power shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Plug Power's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Plug Power's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:PLUG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Electrical Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:PLUG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Plug Power has not reported any payouts.
  • Unable to verify if Plug Power's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Plug Power's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Plug Power has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Plug Power's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Plug Power afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Plug Power has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Plug Power's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andy Marsh
COMPENSATION $2,669,350
AGE 63
TENURE AS CEO 11.3 years
CEO Bio

Mr. Andrew J. Marsh, also known as Andy, has been the Chief Executive Officer and President of Plug Power Inc. since April 8, 2008. Mr. Marsh Co-Founded Valere Power Inc. in 2001 and served as its President and Chief Executive Officer until June 2007. He served for 18 years in various positions at Lucent Bell Laboratories and served as its Technical Director. He served as Chief Executive Officer of Eltek Valere Industrial GmbH from June 2007 to January 2008. He has 19 years of technical and Managerial experience in the communications power industry. He served as a Technical Director of Lucent Technologies Inc., where he Headed development activity for the Custom Power business unit. He has been a Director of Plug Power Inc. since April 8, 2008, Gevo, Inc. since February 12, 2015 and the Capital Region Center for Economic Growth. Mr. Marsh serves as a Director of Power Distribution Inc. He served as a Director of Valere Power Inc. Mr. Marsh has an MBA from Southern Methodist University, a Master of Science in Electrical Engineering from Duke University and a Bachelor of Science in Electrical Engineering Technology from Temple University where he is a Member of the 2017 Gallery of Success.

CEO Compensation
  • Andy's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Andy's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Plug Power management team in years:

4.6
Average Tenure
52
Average Age
  • The tenure for the Plug Power management team is about average.
Management Team

Andy Marsh

TITLE
President
COMPENSATION
$3M
AGE
63
TENURE
11.3 yrs

Paul Middleton

TITLE
Senior VP & CFO
COMPENSATION
$1M
AGE
52
TENURE
4.6 yrs

Keith Schmid

TITLE
Senior VP & COO
COMPENSATION
$1M
AGE
56
TENURE
5.8 yrs

Gerard Conway

TITLE
Senior VP
COMPENSATION
$1M
AGE
54
TENURE
14.8 yrs

Jose Crespo

TITLE
Vice President of Global Sales
COMPENSATION
$1M
AGE
49
TENURE
4.5 yrs

Marty Hull

TITLE
Chief Accounting Officer & Corporate Controller
AGE
51
TENURE
4.3 yrs

Teal Hoyos

TITLE
Director of Marketing Communications

Sanjay K. Shrestha

TITLE
Chief Strategy Officer
AGE
45
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Plug Power board of directors in years:

8.8
Average Tenure
62
Average Age
  • The tenure for the Plug Power board of directors is about average.
Board of Directors

George McNamee

TITLE
Chairman
COMPENSATION
$202K
AGE
72
TENURE
22.1 yrs

Andy Marsh

TITLE
President
COMPENSATION
$3M
AGE
63
TENURE
11.3 yrs

Gary Willis

TITLE
Independent Director
COMPENSATION
$182K
AGE
74
TENURE
16.3 yrs

Gregory Kenausis

TITLE
Director
COMPENSATION
$167K
AGE
50
TENURE
5.8 yrs

Maureen Helmer

TITLE
Independent Director
COMPENSATION
$174K
AGE
63
TENURE
15.5 yrs

Johannes Roth

TITLE
Independent Director
COMPENSATION
$165K
AGE
40
TENURE
6.3 yrs

Luke Schneider

TITLE
Director
COMPENSATION
$157K
AGE
50
TENURE
2.3 yrs

Jonathan Silver

TITLE
Director
COMPENSATION
$142K
AGE
61
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
18. Mar 19 Buy George McNamee Individual 18. Mar 19 18. Mar 19 100,000 $2.34 $233,840
15. Mar 19 Buy Andrew Marsh Individual 14. Mar 19 14. Mar 19 12,286 $2.44 $30,000
14. Sep 18 Sell Gregory Graves Individual 12. Sep 18 12. Sep 18 -31,343 $1.73 $-54,277
X
Management checks
We assess Plug Power's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Plug Power has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Plug Power Inc. (NASDAQ:PLUG) Insiders Increased Their Holdings

Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. … NasdaqCM:PLUG Recent Insider Trading, July 17th 2019 Insider Ownership of Plug Power Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. … From our data, it seems that Plug Power insiders own 1.3% of the company, worth about US$7.6m.

Simply Wall St -

Loss-Making Plug Power Inc. (NASDAQ:PLUG) Expected To Breakeven

I’ve put together a brief outline of industry analyst expectations for PLUG, its year of breakeven and its implied growth rate. … See our latest analysis for Plug Power According to the 5 industry analysts covering PLUG, the consensus is breakeven is near. … For a more comprehensive look at PLUG, take a look at PLUG’s company page on Simply Wall St.

Simply Wall St -

Does Plug Power Inc.'s (NASDAQ:PLUG) CEO Pay Matter?

First, this article will compare CEO compensation with compensation at similar sized companies. … Check out our latest analysis for Plug Power How Does Andy Marsh's Compensation Compare With Similar Sized Companies? … I think that the total shareholder return of 37%, over three years, would leave most Plug Power Inc.

Simply Wall St -

Some Plug Power (NASDAQ:PLUG) Shareholders Are Down 46%

See our latest analysis for Plug Power Plug Power isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … Over five years, Plug Power grew its revenue at 23% per year. … A Different Perspective We're pleased to report that Plug Power shareholders have received a total shareholder return of 9.9% over one year.

Simply Wall St -

Do Institutions Own Plug Power Inc. (NASDAQ:PLUG) Shares?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … We also tend to see lower insider ownership in companies that were previously publicly owned. … We can zoom in on the different ownership groups, to learn more about PLUG

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How Many Insiders Bought Plug Power Inc. (NASDAQ:PLUG) Shares?

Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … So we'll take a look at whether insiders have been buying or selling shares in Plug Power Inc. … The Last 12 Months Of Insider Transactions At Plug Power.

Simply Wall St -

When Can We Expect A Profit From Plug Power Inc. (NASDAQ:PLUG)?

Plug Power Inc.'s (NASDAQ:PLUG):. … Plug Power Inc., an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. … View our latest analysis for Plug Power

Simply Wall St -

Does Plug Power Inc.'s (NASDAQ:PLUG) CEO Pay Compare Well With Peers?

Andy Marsh has been the CEO of Plug Power Inc. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Andy Marsh's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What You Must Know About Plug Power Inc.'s (NASDAQ:PLUG) Beta Value

(NASDAQ:PLUG), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Does Plug Power Inc's (NASDAQ:PLUG) CEO Pay Compare Well With Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Andy Marsh's Compensation Compare With Similar Sized Companies. … It would therefore appear that Plug Power Inc pays Andy Marsh more than the median CEO remuneration at companies of a similar size, in the same market

Simply Wall St -

Company Info

Description

Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen 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 hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing maintenance and service program for GenDrive fuel cells, GenSure products, GenFuel products, and ProGen engines; and GenSure, a stationary fuel cell solution that provides 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, a 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 GenFund, which offers financing solutions to customers. The company offers its products to distribution and manufacturing businesses, and government agencies through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.

Details
Name: Plug Power Inc.
PLUG
Exchange: NasdaqCM
Founded: 1997
$566,907,929
245,414,688
Website: http://www.plugpower.com
Address: Plug Power Inc.
968 Albany Shaker Road,
Latham,
New York, 12110,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM PLUG Common Shares Nasdaq Capital Market US USD 29. Oct 1999
DB PLUN Common Shares Deutsche Boerse AG DE EUR 29. Oct 1999
LSE 0R1J Common Shares London Stock Exchange GB USD 29. Oct 1999
WBAG PLUG Common Shares Wiener Boerse AG AT EUR 29. Oct 1999
Number of employees
Current staff
Staff numbers
575
Plug Power employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 23:43
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/16
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.