Plug Power Inc.

Plug Power Inc. designs, develops, and sells hydrogen products and solutions globally. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that powers material handling electric vehicles such as Class 1, 2, 3, and 6 electric forklifts, automated guided vehicles, and ground support equipment. Its portfolio also includes GenFuel, a liquid hydrogen fueling, delivery, generation, storage, and dispensing system; GenCare, an Internet of Things-based maintenance and on-site service program; and GenKey, a turn-key solution. Additionally, Plug Power provides GenEco electrolyzers for clean hydrogen production, liquefaction systems, cryogenic equipment for distributing liquified hydrogen and other gases, GenSure stationary fuel cell solutions, and liquid hydrogen. The company serves customers in material handling operations, fuel cell electric vehicle fleets, and stationary power applications.

Plug Power Inc. is listed on the Nasdaq Capital Market (NasdaqCM) under the ticker symbol PLUG. The company trades in United States Dollars (USD). As a US-based company listed on a US exchange, its stock is denominated in USD, making it accessible to investors trading in US markets. The NasdaqCM is a market tier of the Nasdaq stock exchange that lists smaller-capitalization companies, and Plug Power has been a part of this exchange for its public trading.

Plug Power Inc. operates in the Industrials sector and is classified under the Electrical Equipment & Parts industry. This industry includes companies that manufacture and distribute electrical equipment, components, and parts. Plug Power's focus on hydrogen fuel cell systems and electrolyzers aligns with the electrical equipment space, as its products generate electricity through electrochemical reactions. The company's solutions are used in material handling, stationary power, and fuel cell electric vehicle fleets, which are industrial applications. Being in the Industrials sector, Plug Power's business is tied to industrial activity and the adoption of clean energy technologies in industrial settings.

Plug Power Inc. is headquartered in Slingerlands, New York, United States. The company serves customers globally in material handling operations, fuel cell electric vehicle fleets, and stationary power applications. Its products are distributed through direct sales forces, original equipment manufacturers (OEMs), and dealer networks. While the company is based in the US, its global reach includes markets across multiple regions, as indicated by its description of selling hydrogen products and solutions globally. The headquarters location in New York places it within a key region for industrial and technological innovation.

Plug Power generates revenue through the sale of hydrogen products and solutions, including fuel cell systems, hydrogen fueling infrastructure, and related services. Its key revenue streams include GenDrive fuel cell systems for electric vehicles, GenFuel hydrogen fueling and delivery services, and GenCare maintenance programs. The company also sells GenEco electrolyzers for clean hydrogen production, liquefaction systems, cryogenic equipment for gas distribution, and GenSure stationary fuel cells. Additionally, Plug Power provides turn-key solutions through GenKey, which integrates equipment, fuel, and service. Customers include material handling operators, fleet operators, and stationary power users. Revenue comes from both product sales and ongoing service contracts, with a focus on the growing hydrogen economy.