SLINGERLANDS, N.Y., Oct. 09, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, announced today its participation in two concurrent non-deal roadshows taking place this week in Paris and Boston. These simultaneous investor meetings reinforce Plug’s ongoing commitment to open communication, disciplined execution, and strong engagement with the financial community. Details for Non-deal Roadshow: Redburn Atlantic – CFO Paul Mid ...

Core Points - Plug Power Inc. announces the appointment of Jose Luis Crespo as President effective October 10, 2025, and as CEO effective March 2026, succeeding Andy Marsh [1][2] - Andy Marsh will continue as CEO during the transition and will become Executive Chair of the Board post-transition, emphasizing continuity and long-term shareholder value [2] - Jose Luis Crespo has been with Plug since 2014, previously serving as Chief Revenue Officer, and has been instrumental in driving the company's sales strategy and customer relationships [3][4] Leadership Transition - The leadership changes are aimed at ensuring operational excellence and sustained financial discipline during a critical phase for the company [4][5] - Sanjay Shrestha will step down as President effective October 10, 2025, after contributing significantly to Plug's growth [5] Company Overview - Plug Power is a leader in the hydrogen economy, providing a fully integrated ecosystem for hydrogen production, storage, delivery, and power generation [6] - The company has deployed over 72,000 fuel cell systems and 275 fueling stations, and is the largest user of liquid hydrogen [7][8] - Plug Power's production capacity is projected to reach 39 tons per day with operational plants in Georgia, Tennessee, and Louisiana [8]

Core Insights - Plug Power Inc. is a leader in the hydrogen solutions sector, focusing on the green hydrogen economy and will present its strategy and long-term vision in a virtual briefing with Clear Street investors [1] Company Overview - Plug Power is developing a fully integrated hydrogen ecosystem that includes production, storage, delivery, and power generation [3] - The company is a first mover in the industry, providing essential components such as electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure [3] Production and Capacity - Plug Power has deployed electrolyzers across five continents and leads in hydrogen production, with over 72,000 fuel cell systems and 275 fueling stations in operation [4] - The company is the largest user of liquid hydrogen and is expanding its generation network to ensure a reliable, domestically produced hydrogen supply [4] - Current operational plants are located in Georgia and Tennessee, with a new facility in Louisiana expected to come online in 2025, aiming for a total production capacity of 39 tons per day [4] Clientele and Partnerships - Plug Power serves major global companies including Walmart, Amazon, Home Depot, BMW, and BP, showcasing its significant role in the industry [5]

Companies seeing their shares trading at penny stock levels are constantly looking for a breakthrough. Whether it is a new product, management revamp, or financial improvement, any of these can act as a trigger for the company's stock. It appears that Plug Power (PLUG) may have found it in the form of a bullish note from leading broker Craig-Hallum. The Minnesota-based broker has lifted its price target on PLUG stock to $4 from $2 while maintaining a “Buy” recommendation. Amid record production levels, an ...

Core Points - Next Hydrogen Solutions Inc. has entered into a loan agreement for an unsecured loan of $530,000 at an interest rate of 5.0% per annum, maturing one year from the advance date [1][2] - The company issued 214,140 common shares as bonus shares to the lenders, representing approximately 20% of the loan principal [2] - The proceeds from the loan will be used for working capital and general corporate purposes to support ongoing operations [4] Financial Details - The loan agreement includes a setup fee of $20,000 payable on the maturity date [2] - The loan may be converted into common shares at the option of the company, subject to TSXV approval [3][6] - The company has also secured an additional $1 million loan from an arm's length commercial lender [1] Company Overview - Next Hydrogen, founded in 2007, specializes in designing and manufacturing electrolyzers for generating clean hydrogen [7] - The company holds 40 patents for its unique cell design, enabling efficient conversion of renewable electricity into green hydrogen [7] - Next Hydrogen is focused on scaling its technology to provide commercial solutions for decarbonizing transportation and industrial sectors [7]

Core Insights - Plug Power Inc. is a global leader in hydrogen solutions, participating in the Canaccord Growth Conference to strengthen ties with the financial community [1][2] Company Overview - Plug Power is building a fully integrated hydrogen economy, offering products such as electrolyzers, fuel cell systems, and fueling infrastructure to various industries [3] - The company is a first mover in the hydrogen sector, focusing on energy independence and large-scale decarbonization [3] Production and Infrastructure - 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 40 tons per day [4] Clientele and Partnerships - Plug Power serves major global companies including Walmart, Amazon, Home Depot, BMW, and BP, showcasing its extensive reach in the market [5]

Core Viewpoint - Plug Power Inc. is set to announce its second quarter results for 2025 on August 11, 2025, highlighting its ongoing leadership in the hydrogen economy [1]. Company Overview - Plug Power is a pioneer in the hydrogen economy, offering a fully integrated ecosystem that includes production, storage, delivery, and power generation [3]. - The company provides essential components such as electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure, catering to various industries including material handling and energy production [3]. Production and Capacity - Plug Power has deployed over 72,000 fuel cell systems and 275 fueling stations globally, making it the largest user of liquid hydrogen [4]. - The company operates hydrogen production plants in Georgia, Tennessee, and Louisiana, with a total production capacity of 40 tons per day [4]. Clientele and Partnerships - Plug Power supports major global companies such as Walmart, Amazon, Home Depot, BMW, and BP, leveraging its skilled workforce and advanced manufacturing facilities [5].

Core Insights - Plug Power Inc. (PLUG) and FuelCell Energy, Inc. (FCEL) are key players in the fuel cell technology market, focusing on innovative product solutions and electrolysis platforms [1][2] Group 1: Plug Power (PLUG) - PLUG has experienced a high cash burn rate and negative gross margins, with lower revenues from hydrogen equipment sales impacting performance [3][11] - The company is investing in hydrogen plants, anticipating the green hydrogen market to grow to $30 billion by 2030 [4] - PLUG aims to increase green hydrogen production through a new plant in Georgia and a joint venture with Olin Corporation in Louisiana, supported by a $1.66 billion loan guarantee from the U.S. Department of Energy [5][20] - The deployment of proton exchange membrane (PEM) electrolyzer systems highlights PLUG's expertise in the sector [6] - Cost management efforts have reduced the cash burn rate by nearly 50% year-over-year in Q1 2025, with Project Quantum Leap targeting over $200 million in annualized savings [7][8] Group 2: FuelCell Energy (FCEL) - FCEL continues to receive orders for clean energy solutions, including a contract for a 7.4 MW fuel cell power plant expected to generate over $160 million in future revenues [9] - The company's backlog reached $1.26 billion, reflecting an 18.7% year-over-year growth [9] - FCEL is restructuring operations to lower costs and enhance its competitive position, despite facing negative gross margins of -26% in the first half of fiscal 2025 [10][11] - The company's long-term debt stands at $124.1 million, raising concerns given its cash and cash equivalents of $116.1 million [12] - The Zacks Consensus Estimate for FCEL's fiscal 2025 sales is approximately $144.6 million, indicating a year-over-year growth of 28.9% [13] Group 3: Market Performance and Valuation - Over the past three months, Plug Power's shares surged by 91.8%, while FuelCell Energy's stock gained 37.4% [17] - PLUG is trading at a forward price-to-earnings ratio of -4.13X, compared to FCEL's -1.06X [18] - Both companies hold a Zacks Rank 3 (Hold), complicating the decision for investors [19]

Core Viewpoint - Plug Power Inc. has experienced a significant 38% decline in stock price over the past six months, underperforming both the green hydrogen industry and the S&P 500 index [1][8][19] Industry Performance - The green hydrogen industry has grown by 7.3% during the same period, while the S&P 500 has advanced by 6.6% [1] - Competitors such as Bloom Energy Corporation and Ballard Power Systems have seen stock returns of 12.2% and 19%, respectively [1] Company Challenges - Plug Power is facing ongoing challenges, including lower sales of hydrogen equipment and infrastructure, which are its primary revenue sources [4][19] - Sales of flagship products like GenDrive units and cryogenic storage equipment have declined in recent quarters [4] - The number of hydrogen site installations dropped significantly from 52 to 15 year-over-year in 2024, further decreasing to one in Q1 2025 [5] - The company reported a gross margin of negative 55% in Q1 2025, an improvement from negative 132% in the prior year [6] Financial Performance - Plug Power's revenues for Q1 2025 were $133.7 million, reflecting an 11.1% year-over-year increase, driven by growth in electrolyzer deliveries and sustained demand in materials handling [12] - The company has been selling shares to raise funds due to a weak liquidity position [10] Long-Term Prospects - The green hydrogen market is projected to grow to $30 billion by 2030, indicating potential long-term growth opportunities for Plug Power [11] - The company has launched Project Quantum Leap, aiming for over $200 million in annualized savings and a reduction in cash burn rate [14] - A loan guarantee of $1.66 billion from the U.S. Department of Energy will support the construction of six green hydrogen production facilities, enhancing its manufacturing capabilities [15] Valuation Metrics - Plug Power is currently trading at a forward price-to-earnings ratio of negative 3.42X, compared to the industry average of 23.18X [17]

Core Insights - Plug Power Inc. has announced a multi-year enhanced supply agreement with a U.S.-based industrial gas company, extending their partnership through 2030 to secure reliable hydrogen supply and reduce costs [1][2][5] - The agreement aims to strengthen margins, enhance operational flexibility, and support customer demand across over 275 hydrogen-consuming customer sites [2][3] - Plug is expanding its hydrogen generation network with operational plants in Georgia, Tennessee, and Louisiana, producing 40 tons of liquid hydrogen per day, and plans to launch over 40 new sites in 2025 [4][7] Strategic Objectives - The extension of the supply agreement aligns with Plug's strategic goals to improve cash flows and operational efficiency while meeting growing application demand [2][3] - The collaboration with the industrial gas partner will lead to immediate cost reductions and improved network efficiency [2][3] Market Context - The announcement follows recent energy and tax legislation in the U.S. that supports clean hydrogen development, providing favorable conditions for market growth [5] - Plug's diverse customer base and the ongoing rollout of new sites necessitate the expansion of hydrogen solutions and partnerships to advance the industry [3][4] Production Capacity - Plug Power is rapidly expanding its hydrogen production capacity to ensure a reliable domestic supply, with additional plants under development to support national infrastructure needs [4][7] - The company has deployed over 72,000 fuel cell systems and operates 275 fueling stations, making it the largest user of liquid hydrogen [7]