Vmbook Online ordering

Icons

**Company Overview**

**Name:** Plug Power Inc.

**Ticker Symbol:** PLUG

**Exchange:** Nasdaq Global Select Market

**Industry:** Hydrogen Fuel Cell Technology

**Plug Fill**

Plug Fill is a proprietary hydrogen fueling technology developed by Plug Power. It enables the rapid and efficient refueling of hydrogen-powered vehicles. Plug Fill stations are designed to dispense hydrogen at pressures up to 10,000 psi, allowing for a full fill in under 5 minutes.

**Earnings and Growth**

**Recent Earnings:**

* Q3 2023: Revenue of $250.3 million, up 31% YoY

* Net loss of $124.3 million, compared to a net loss of $143.8 million in Q3 2022

**Growth Drivers:**

* Increasing demand for hydrogen-powered vehicles

* Government incentives and regulations supporting hydrogen infrastructure

* Partnerships with major automotive manufacturers, such as Renault and Hyundai

* Expansion into new markets, including Europe and Asia

**Financial Highlights**

* **Revenue:** $926.8 million in the last twelve months (LTM)

* **Gross Profit:** $220.5 million in LTM

* **Net Loss:** $503.8 million in LTM

* **Total Assets:** $3.1 billion as of September 30, 2023

* **Total Debt:** $1.5 billion as of September 30, 2023

**Key Metrics**

* **Gross Margin:** 23.8% in LTM

* **Operating Margin:** -13.4% in LTM

* **Net Margin:** -54.4% in LTM

* **Return on Equity (ROE):** -56.8% in LTM

* **Return on Assets (ROA):** -16.2% in LTM

**Analysts' Ratings**

* **Consensus Rating:** Hold

* **Average Price Target:** $25.00 (as of February 27, 2023)

**Risks and Challenges**

* Competition from other hydrogen fuel cell companies

* Regulatory uncertainty surrounding hydrogen infrastructure

* High capital costs associated with hydrogen production and distribution

* Limited availability of hydrogen fueling stations