SLINGERLANDS, N.Y., Nov. 21, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG) (the “Company” or “Plug”), a global leader in comprehensive hydrogen solutions for the hydrogen economy, will hold a Special Meeting of Stockholders (the “Special Meeting”) on January 15, 2026, at 10:00 a.m. Eastern Time. The meeting will be conducted in a virtual format only. Purpose of the Special Meeting At the upcoming Special Meeting, Plug will ask stockholders to approve an amendment to the Company’s charter to increa ...

SLINGERLANDS, N.Y., Nov. 21, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced the successful closing of the previously announced offering of $375 million aggregate principal amount of 6.75% convertible notes due 2033, including the full exercise of the initial purchasers’ option to purchase an additional $56.25 million aggregate principal amount of the notes, resulting in a total aggregate principal amount ...

Core Insights - Plug Power Inc. is hosting its seventh annual Plug Power Symposium focused on "Strengthening Energy Independence" [1] - The company announced Project Quantum Leap to streamline operations and enhance cash efficiency while targeting high-value markets [1] - CEO Andy Marsh and President Jose Luis Crespo will discuss strategic priorities and recent milestones at the Symposium [1] Company Overview - Plug Power is a leader in hydrogen solutions, providing a fully integrated ecosystem for hydrogen production, storage, delivery, and power generation [5] - The company has deployed over 72,000 fuel cell systems and 285 fueling stations, making it the largest user of liquid hydrogen [6] - Hydrogen plants in Georgia, Tennessee, and Louisiana are operational, producing 40 tons of hydrogen per day [6] Industry Engagement - The Symposium features panel discussions showcasing Plug Power's progress and future vision, with participation from key customers and partners [2] - Notable participants include material handling customers like Amazon and electrolyzer partners such as Hy2Gen and GALP [2] Strategic Initiatives - Project Quantum Leap aims to improve operational efficiency and focus on high-value markets, including material handling and hydrogen plants [1] - The company is rapidly expanding its generation network to ensure a reliable, domestically produced hydrogen supply [6]

Core Insights - Plug Power Inc. is hosting the 2025 Plug Symposium on November 18, 2025, focusing on "Strengthening Energy Independence" and discussing hydrogen's role in enhancing grid resiliency and facilitating the global energy transition [1][2]. Company Overview - Plug Power is a leader in the 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]. Industry Position - 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 plants in Georgia, Tennessee, and Louisiana, with a production capacity of 40 tons per day, ensuring a reliable domestic supply [4]. Clientele and Partnerships - Plug Power serves major global companies including Walmart, Amazon, Home Depot, BMW, and BP, showcasing its significant market presence [5].

Core Insights - Plug Power Inc. anticipates generating over $275 million in liquidity improvements through asset monetization, release of restricted cash, and reduced maintenance expenses [1] Group 1: Strategic Initiatives - Plug Power has signed a non-binding Letter of Intent to monetize its electricity rights in New York and collaborate with a U.S. data center developer, focusing on providing auxiliary and back-up power solutions using its fuel cell technology [2][3] - The company will suspend activities related to the Department of Energy loan program and reallocate capital towards higher-return opportunities within its hydrogen network [4] Group 2: Market Position and Growth - Plug Power is expanding its presence in the data center sector, which is increasingly demanding reliable, low-carbon energy solutions [3] - The company has established a hydrogen supply agreement with a global industrial gas leader, which will reduce the immediate need for self-developed hydrogen generation [4][5] Group 3: Operational Capacity - Plug Power has deployed over 72,000 fuel cell systems and 275 fueling stations, making it the largest user of liquid hydrogen [7] - The company’s total hydrogen production capacity is now 40 tons per day, with operational plants in Georgia, Tennessee, and Louisiana [7] Group 4: Clientele and Partnerships - Plug Power supports major global companies such as Walmart, Amazon, Home Depot, BMW, and BP through its advanced manufacturing capabilities [8]

Core Insights - Plug Power Inc. will announce its third quarter results for 2025 on November 10, 2025 [1] Company Overview - Plug Power is a leader in the hydrogen economy, providing a fully integrated ecosystem that includes production, storage, delivery, and power generation [4] - 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 [4] Production and Capacity - Plug Power has deployed over 72,000 fuel cell systems and 275 fueling stations, making it the largest user of liquid hydrogen [5] - The company operates plants in Georgia, Tennessee, and Louisiana, with a total production capacity of 40 tons per day [5] Clientele and Partnerships - Plug Power supports major global companies including Walmart, Amazon, Home Depot, BMW, and BP [6]

Core Insights - Plug Power is participating in the Louisiana Energy Security Summit to discuss the role of clean hydrogen in enhancing U.S. energy independence and industrial competitiveness [1][2] - CEO Andy Marsh emphasizes the importance of innovation and domestic investment in competing with global players like China, focusing on productivity and clean energy [2][3] - Plug Power has established Louisiana as a strategic hub for its hydrogen network, launching a joint venture with Olin Corporation to produce liquid hydrogen [3][4] Company Overview - Plug Power is a leader in the hydrogen economy, providing a fully integrated ecosystem that includes production, storage, delivery, and power generation [5] - The company has deployed over 72,000 fuel cell systems and 275 fueling stations globally, making it the largest user of liquid hydrogen [6] - Plug Power's hydrogen plants in Georgia, Tennessee, and Louisiana have a combined production capacity of 40 tons per day [6] Strategic Initiatives - The company is focused on building a resilient U.S. hydrogen economy and supporting policies that promote fair competition and environmental accountability [4] - Plug Power's collaboration with Olin Corporation on the Hidrogenii project aims to produce 15 tons of liquid hydrogen per day, serving industrial and mobility customers [3][8]

Core Insights - Plug Power Inc. is actively participating in a non-deal roadshow hosted by TD Cowen in Montreal and Toronto, emphasizing its commitment to transparent communication and strong engagement with the financial community [1] Company Overview - Plug Power is a leader in the 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 producers [3] Industry Position - 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] - Plug Power serves major global clients including Walmart, Amazon, Home Depot, BMW, and BP, showcasing its significant role in advancing energy independence and decarbonization [4]

Core Insights - Plug Power Inc. is actively participating in a non-deal roadshow hosted by TD Cowen in Montreal and Toronto, emphasizing its commitment to transparent communication and strong engagement with the financial community [1] Company Overview - Plug Power is a leader in the 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 producers [3] Industry Position - 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] - Plug Power serves major global clients including Walmart, Amazon, Home Depot, BMW, and BP, showcasing its significant role in advancing energy independence and decarbonization [4]

Core Thesis - Plug Power is on a path to potentially reach a stock price of $5–6 per share as it recovers from previous challenges and increases hydrogen production [2][9] - The company generated approximately $891 million in revenue in 2023, with projections of around $629 million for 2024 due to liquidity and supply chain issues, but could see revenues between $1.5 billion and $1.8 billion by 2026 [2][9] Valuation and Market Position - With a market capitalization of $4.4 billion, Plug Power is trading at approximately 2.5–3 times forward sales, which is below competitors like Bloom Energy at around 4 times [3] - If Plug Power meets its production goals and the valuation adjusts to around 4 times, the stock could rise to the $5–6 range, indicating significant upside potential [3][9] Growth Drivers - Plug Power is launching several green hydrogen plants in Georgia, Texas, and New York, which could produce over 500 tons of liquid hydrogen daily, enhancing production capacity [7] - The company is focusing on cost management through localized manufacturing and automation, aiming for breakeven gross margins by 2026 [7] - Vertical integration across the hydrogen value chain allows Plug Power to secure higher margins and scale effectively [7] Strategic Partnerships and Liquidity - Ongoing collaborations with major companies like Amazon, Walmart, and Renault support Plug's technology and ensure stable offtake agreements, enhancing revenue visibility [13] - The company has improved its liquidity position through government grants and capital raises, providing more time to scale operations [13] Conclusion - At a stock price of approximately $3.80, Plug Power is viewed as a turnaround opportunity, with potential for significant upside if revenues exceed $1.5 billion and margins recover [9][10] - The market remains skeptical despite improving fundamentals, indicating that a move towards $5–6 per share is feasible, representing over 50% upside from current levels [9][10]