Plug Power Inc.

0R1J · AIMX · Electrical Equipment & Parts · United States

Market Capitalization1.62B USD

Trailing P/E-1.57 USD

52-Week Change27.75 USD

Beta1.93 USD

Plug Power Inc. is a leading developer of hydrogen fuel cell and electrolyzer systems that provide clean energy alternatives to conventional batteries for equipment and vehicles. The company builds a comprehensive green hydrogen ecosystem encompassing production, liquefaction, storage, delivery, and energy generation through advanced technologies like proton exchange membrane fuel cells. Key products include GenDrive for powering material handling electric vehicles such as forklifts, GenSure for stationary backup and grid-support power in telecommunications and utilities, and ProGen fuel cell engines for e-mobility and heavy-duty applications. Plug Power also offers GenFuel for hydrogen fueling infrastructure, GenKey turnkey solutions, and electrolyzers for on-site green hydrogen production. With over 72,000 fuel cell systems and 275 fueling stations deployed globally, the company serves material handling, power generation, e-mobility, and industrial sectors across North America, Europe, and Asia. Headquartered in Latham, New York, Plug Power drives the hydrogen economy's expansion through strategic acquisitions, joint ventures, and operational green hydrogen plants like its Georgia facility.

Industry

Electrical Equipment & Parts

Industrials sector · United States

Stories

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Key Metrics

Market Capitalization

1.62BUSD

NormalMar 18, 2026

Trailing P/E

-1.57USD

ExtremeMar 18, 2026

Revenue (TTM)

879.84MUSD

NormalMar 18, 2026

Coordination

Placeholder CorpCoordination

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Supply Chain

EV Battery Supply Chain

The EV battery supply chain is shaped by three structural constraints that interact to determine who can participate and at what scale: a single battery cell requires lithium, cobalt, nickel, manganese, and graphite — each sourced through its own constrained supply chain — meaning disruption to any one mineral cascades through cell production; gigafactory-scale manufacturing demands $2-5 billion in capital and two to three years to reach production quality, concentrating cell production among a small number of firms; and no single battery chemistry optimizes for energy density, safety, cost, and longevity simultaneously, forcing the system into parallel technology paths that fragment scale advantages.