Plug Power Inc

PLUGIndustrials

Sentinellis Health Score

3.5/10

Significant risks

Market Cap

$4.6B

Revenue

$709.9M

P/E Ratio

—

AI Summary

Plug Power makes hydrogen fuel cell systems that power electric forklifts and warehouse equipment, replacing traditional batteries [Yahoo Finance]. They also manufacture electrolyzers (machines that split water into hydrogen and oxygen), fueling systems that store and dispense liquid hydrogen, and provide turnkey hydrogen solutions including maintenance services [Yahoo Finance]. The company sells through direct sales teams, equipment manufacturers, and dealer networks to customers in material handling, vehicle fleets, and stationary power applications [Yahoo Finance].

Plug Power designs and sells hydrogen fuel cell systems for material handling vehicles (forklifts, automated guided vehicles) and electrolyzers for hydrogen production [Yahoo Finance]. The company is based in Slingerlands, New York with 2,344 employees and operates in the electrical equipment industry [Yahoo Finance]. Despite revenue growth of 12.9% year-over-year, the company remains deeply unprofitable with a negative gross margin of -34.1% and operating losses exceeding 95% of revenue [Yahoo Finance].

The company is burning cash heavily despite revenue growth, with deeply negative margins across all profitability measures.

Confidence7/10