Plug Power Inc. (PLUN.F)
Plug Power Inc. operates in the Electrical Equipment & Parts industry of the Industrials sector, headquartered in Latham, NY, US. The stock last traded at $1.97, up 3.01% on the session, giving a market capitalisation of $2.26B. Its beta of 2.22 implies it has historically moved more than the broad market.
Plug Power Inc. offers comprehensive, zero-emission clean hydrogen and fuel cell solutions, primarily serving the supply chain, logistics, on-road electric vehicle, and stationary power sectors across North America and beyond. The company is dedicated to constructing a complete green hydrogen ecosystem, which involves the production, storage, delivery, and conversion of green hydrogen into energy for both mobile and fixed applications. Their technological portfolio encompasses Proton Exchange Membrane (PEM) systems, various fuel cell and fuel processing technologies, and innovative fuel cell/battery hybrid designs. Additionally, they develop crucial infrastructure for the generation, storage, and dispensing of hydrogen and green hydrogen. Key product offerings include: GenDrive: Hydrogen-fueled PEM fuel cells powering electric material handling equipment. GenFuel: A comprehensive system for the delivery, generation, storage, and dispensing of liquid hydrogen. GenCare: An IoT-enabled maintenance and on-site service program supporting their GenDrive, GenSure, GenFuel, and ProGen systems. GenSure: Stationary fuel cells designed to provide modular backup and grid-support power for telecommunications, transportation, and utility industries. GenKey: An integrated, turn-key solution to facilitate the transition to fuel cell power. ProGen: Fuel cell stack and engine technology used in both mobile and stationary fuel cell systems, including as power sources for electric delivery vans. GenFuel Electrolyzers: Specialized hydrogen generators optimized for clean hydrogen production. Plug Power distributes its products through a direct sales force, partnerships with original equipment manufacturers (OEMs), and an established dealer network. The company has forged significant strategic alliances with organizations such as Airbus, Lhyfe, Phillips 66, and BAE Systems. Established in 1997, Plug Power Inc. maintains its headquarters in Latham, New York.
Plug Power Inc. is most often compared with the following Industrials names: