Key Takeaways PLUG stock fell 38% in six months, underperforming its peers and broader markets. Declines in hydrogen infrastructure sales and site installations have weighed heavily on PLUG's revenues. PLUG aims to cut cash burn via Project Quantum Leap and a $1.66B DOE loan for new hydrogen plants.Plug Power Inc. (PLUG) , a leading player in the green hydrogen industry, has seen a 38% drop in its stock price in the past six months, underperforming the industry as well as the S&P 500. While the industry g ...

New Deal Strengthens Domestic Hydrogen Supply, Reduces Cost Structure and Supports Continued Growth of Plug Applications SLINGERLANDS, N.Y., July 09, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions, today announced a new multi-year enhanced supply agreement with a leading U.S.-based industrial gas company and longtime hydrogen partner through 2030. The agreement extends the companies' current strategic relationship through 2030, securing reliable ...

Core Viewpoint - Plug Power Inc. and Bloom Energy Corporation are key players in the fuel cell technology market, both experiencing growth opportunities in the green hydrogen sector due to rising demand for clean energy solutions and government decarbonization initiatives [1][2] Group 1: Plug Power Analysis - Plug Power has faced declining sales in hydrogen equipment and infrastructure, with revenues impacted by reduced hydrogen site installations, dropping from 52 to 15 installations year-over-year in 2024, and further down to one in Q1 2025 [3][4] - The company reported a negative gross margin of 55% and an operating cash outflow of $105.6 million in Q1 2025, leading to reliance on equity sales for funding, raising $267.5 million in Q1 2025 and totaling $857.9 million in 2024 [5][10] - Despite current challenges, Plug Power has long-term growth potential in the green hydrogen market, projected to reach $30 billion by 2030, supported by its expertise in electrolyzer deployment [6][10] - The company is implementing Project Quantum Leap, aiming for over $200 million in annualized savings, which is expected to improve cash flow and reduce cash burn [7][8] Group 2: Bloom Energy Analysis - Bloom Energy has deployed approximately 1.4 GW of its Energy Server systems across over 1,000 locations in nine countries, providing reliable and sustainable energy solutions [9] - The company anticipates 19% sales growth and 50% EPS growth in 2025, driven by momentum in the U.S. and South Korea markets [10][13] - Bloom Energy's gross margin improved by 11 percentage points to 27.2% in Q1 2025, indicating strong profitability despite rising costs, with revenue costs increasing by 20% year-over-year [13][14] - The company has a strong position in the renewable energy space, bolstered by strategic partnerships, such as its collaboration with Equinix for sustainable on-site power generation [12][24] Group 3: Comparative Performance - Over the past year, Plug Power's shares have decreased by 49.1%, while Bloom Energy's stock has increased by 95.1% [18] - In terms of valuation, Plug Power has a forward price-to-earnings ratio of negative 2.34X, contrasting with Bloom Energy's forward earnings multiple of 38.22X [20] - Both companies hold a Zacks Rank 3 (Hold), complicating the decision for investors [22]

Core Insights - Plug Power Inc. is actively engaging with the financial community through participation in two upcoming investor conferences, highlighting its strategic priorities and long-term growth plans [1][2] Company Overview - Plug Power is a leader in the global hydrogen economy, providing a fully integrated ecosystem that includes production, storage, delivery, and power generation [3] - The company offers a range of products such as electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure, targeting industries like material handling and energy production [3] Operational Highlights - Plug Power has deployed over 72,000 fuel cell systems and 275 fueling stations, making it the largest user of liquid hydrogen [4] - The company operates hydrogen plants in Georgia, Tennessee, and Louisiana, with a production capacity of 39 tons per day [4] Key Events - On June 24, 2025, Plug Power executives will participate in the J.P. Morgan Energy, Power, Renewables & Mining Conference in New York, with a presentation scheduled from 10:55 to 11:25 AM EST [6] - On June 25, 2025, the CEO will participate in the Roth 15th Annual London Conference [6]

President of Verdagy, Rahul Bammi appointed CEOMOSS LANDING, Calif., June 17, 2025 /PRNewswire/ -- Verdagy, a leading green hydrogen electrolysis company, today announced a strategic leadership transition to accelerate its commercial expansion. After leading Verdagy as CEO for four years, Marty Neese is leaving to join Ballard Power Systems (NASDAQ:BLDP; TSX:BLDP) as CEO. Rahul Bammi, Verdagy's President since 2023, will succeed Neese as CEO."I am grateful to have led Verdagy from its spin-out origins to it ...

Key Takeaways PLUG stock has plunged 39% YTD amid declining hydrogen infrastructure sales and negative gross margins. Revenues rose 11.1% in Q1 2025, helped by stronger electrolyzer sales and materials-handling demand. Cash burn fell 50% year over year as PLUG launched Project Quantum Leap to drive $200M in annualized savings.Plug Power Inc. (PLUG) , a prominent name in the green hydrogen industry, has seen a 39% plunge in its stock price in the year-to-date period, underperforming the industry as well as ...

Core Viewpoint - Plug Power is positioning itself as a leader in the hydrogen economy, focusing on expanding its integrated ecosystem and securing significant projects to drive growth and profitability in the coming years [1][16]. Expansion of Hydrogen Economy - Plug Power has expanded its partnership with Allied Green Ammonia, securing a deal to supply 2 gigawatts (GWs) of proton exchange membrane (PEM) electrolyzers for a $5.5 billion sustainable fuels project in Uzbekistan [3][4]. - This project aims to produce sustainable aviation fuel, green urea, and green diesel, with government backing from Uzbekistan [3]. Project Developments - The collaboration with Allied Green continues from a previous commitment to supply 3 GWs of electrolyzers for a green ammonia facility in Australia [4]. - A final investment decision (FID) for the Australian project is expected in Q4 2023, later than the initial Q2 expectation, with manufacturing and delivery of PEM electrolyzers planned for 2027 [5]. Growth Targets - Plug Power is targeting a 30% compound annual growth rate in its energy business and applications business through 2030, driven by its electrolyzer and cryogenic solutions [7]. - The company anticipates 2025 to be a transformational year, aiming for a positive gross margin run rate and significant annual savings through its Project Quantum Leap [8]. Financial Challenges - The company has faced challenges in financing its operations, with net cash used in operating activities amounting to $728.6 million in 2022, $1.1 billion in 2023, and $828.6 million in the previous year [10]. - To fund operations, Plug Power has raised capital through issuing new stock, leading to a significant increase in outstanding shares and a decline in stock price by over 90% in the past three years [11][13]. Funding and Future Outlook - Plug Power has raised $280 million by selling over 185 million shares and secured a $525 million credit facility, along with a $1.66 billion loan guarantee from the U.S. Department of Energy [14]. - Despite these efforts, the company does not expect to reach profitability until 2028, raising concerns about potential future dilutive equity issuances [15].

Core Viewpoint - Plug Power has experienced increased investor confidence, particularly following a significant investment from BlackRock and positive developments in its business partnerships [1][4]. Group 1: Investment and Stock Performance - BlackRock disclosed a stake in Plug Power, holding just under 80 million shares valued at $107.5 million, indicating confidence in the company's long-term potential [1]. - As of the latest trading session, PLUG shares closed at $1.28, reflecting a 4.9% increase for the day and a 42% gain over the past month, although the stock is down 45% year-to-date [2]. - Wall Street analysts have set an average 12-month price target of $1.45 for PLUG, suggesting a 13% upside from current levels, with varying opinions among analysts [7]. Group 2: Business Developments - Plug Power is expanding its partnership with Allied Green Ammonia to supply hydrogen electrolyzer technology for a $5.5 billion green chemical facility in Uzbekistan, enhancing its role in global clean energy infrastructure [4]. - The company reported a first-quarter loss of $0.21 per share on revenue of $133.67 million, but sales of its GenEco electrolyzers surged 575% year-over-year [5][6]. - Looking ahead, Plug Power projects second-quarter revenue between $140 million and $180 million, exceeding analyst estimates [6]. Group 3: Analyst Sentiment - Among 20 analysts covering Plug Power, 12 rate it a 'Hold,' four recommend a 'Buy,' and another four suggest 'Sell,' reflecting mixed sentiment in the market [7]. - The most bullish analyst projects the stock could reach $3.50, representing over a 170% increase from its current price, while the most bearish projection estimates it at $0.50 [9].

The ordinary resolution to approve fixing the number of directors to be elected at the meeting at seven (7) was approved at the meeting by the shareholders present in person or represented by proxy at the meeting by way of electronic ballot, as follows: | Votes For | % | Votes Against | % | | --- | --- | --- | --- | | 5,776,269 | 99.957 | 2,500 | 0.043 | Election of Directors All of the nominees proposed as directors of the Corporation were duly elected as directors of the Corporation with votes cast by the ...

DUBLIN, May 29, 2025 (GLOBE NEWSWIRE) -- via IBN -- BrightHy Solutions, a Fusion Fuel company and a leading provider of hydrogen solutions, is proud to announce a strategic agency and partnership agreement with Sungrow Hydrogen, a leading green hydrogen production solution provider specializing in water electrolysis technology. This collaboration aims to accelerate the deployment of cutting-edge hydrogen production equipment in Iberia, combining the expertise of both companies to drive the green energy tran ...