The company recently reported the largest quarterly and annual revenue in its history. This hydrogen stock has managed to increase its revenue over the years – a trend that I believe will continue moving forward. Plug Power Stock: What do the numbers say? That being said, do the financials suggest that Plug Power is a good stock to buy?
These products are provided worldwide through direct product sales and leveraging relationships with original equipment manufacturers (OEM) and their dealer networks. GenSure, GenKey, ProGen, and GenFuel Electrolysers.GenFuel – a liquid hydrogen fueling delivery, generation, storage and dispensing system.GenDrive – a hydrogen-fueled PEM fuel cell system.Looking at its product portfolio, the group currently has: This is amidst an ongoing paradigm shift in the power, energy and transportation industries to address climate change and energy security, while meeting sustainability goals. The company’s innovative technology powers electric motors with hydrogen fuel cells. These are predominantly used for material handling and stationary power markets. It provides alternative energy technologies by focusing on designing, developing, manufacturing, and commercialising hydrogen and fuel cell systems. Plug Power was founded in June 1997 with Headquarters in Latham, New York. With that said, let’s dive in to see or remind ourselves of what this business actually does. So, does that mean I should buy or sell Plug Power stock today? One thing which I do is to invest only in companies I understand. But compared to where it was in November 2021, the business has taken quite a tumble. By comparison, the S&P 500 index is down 7.8% in the same period. The company reports the largest quarterly and annual revenue in its history.Īs I write, the Plug Power (NASDAQ:PLUG) stock is down about 8% year to date.Plug won multiple projects around the world.Plug Power launched a Gigafactory in Rochester, New York.The company was founded in 1997 and is headquartered in Latham, New York. It has strategic agreements with Airbus Lhyfe Edison Motors Phillips 66 Apex Clean Energy BAE Systems and Universal Hydrogen Co. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks.
It also provides GenKey, an integrated 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 GenFuel Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles 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, and ProGen fuel cell engines and 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. The company provides proton exchange membrane (PEM), fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure.
It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally.
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