Core Insights - Plug Power Inc. celebrated its strong full-year 2025 results and the appointment of its new CEO, Jose Luis Crespo, who took over on March 2, 2026 [2][3] Financial Performance - The company reported a revenue increase of 12.9% year-over-year, reaching approximately $710 million for the full year 2025 [2] - GenEco electrolyzers generated a record revenue of $187 million in 2025 and have an estimated global sales funnel of around $8 billion [2] Product and Market Development - Over 300 megawatts of GenEco electrolyzers have been delivered globally, showcasing broad commercial adoption across six continents [2] - Plug Power operates a hydrogen generation network with production facilities in Georgia, Tennessee, and Louisiana, with a combined capacity of 40 tons per day [8] Leadership and Strategy - Jose Luis Crespo, prior to becoming CEO, was the President and Chief Revenue Officer, where he was instrumental in developing a multi-billion-dollar sales pipeline and establishing strategic relationships with major enterprise customers [3]
Plug Power to Ring the Nasdaq Stock Market Closing Bell on March 6, 2026