BNET Industries

Plug Power Inc.

(PLUG) is in the Manufacturing Industry

Market Cap:$118.9M
Last Fiscal Year Sales:$16.2M
  • Public
  • US
Dow Jones Description

Plug Power Inc. is a development stage enterprise involved in the design, development and manufacture of fuel cell systems for industrial-motive (forklift or material handling) markets and stationary power markets worldwide. The Company is a development stage enterprise because substantially all of the Companys resources and efforts are aimed at the discovery of new knowledge that could lead to significant improvement in fuel cell reliability, durability and affordability, and the establishment, expansion and stability of markets for the Companys products. We are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies and fuel cell/battery hybrid technologies, from which multiple products are available. The Company continues to experience significant net outflows of cash from operations and devotes significant efforts towards financial planning in order to forecast future cash spending and the ability to continue product research and development activities. We continue to survey the market to determine the most solid path to profitability for Plug Power. Currently, the Companys primary focus and resources are placed on our GenDrive solution for the material handling market. Fuel cell technology within the Companys targeted market, material handling power, and secondary markets, remote prime, residential and backup power, is still early in the technology adoption life cycle. ...

Number of Employees 208
Contact Information

968 Albany Shaker Rd

Latham, New York 12110-6401

plugpower.com

1 518 782 7700

NAICS Code All Other Miscellaneous Electrical Equipment and Component Manufacturing: 335999

Recent Events

  • Plug reports $10.2M quarterly net loss

    11/05/09 - Financial Announcement - View Story

  • Whole Foods MarketR to Use Plug Power GenDrive Power Solutions

    10/21/09 - Joint Venture / Alliance - View Story

  • Market Report -- In Play ()

    10/14/09 - Joint Venture / Alliance - View Story

  • 3M and Plug Power Sign Strategic Supply Agreement for GenSys Fuel Cell Units Being Sold...

    10/08/09 - Joint Venture / Alliance - View Story

  • Union College Powers Student Residence Hall With Plug Power Gensys Fuel Cell

    9/30/09 - Joint Venture / Alliance - View Story

  • Market Report -- In Play ()

    9/21/09 - Joint Venture / Alliance - View Story

  • GENCO to buy 136 Plug Power units

    8/27/09 - Merger / Acquisition - View Story

  • Plug Power Announces Second Quarter 2009 Financial Results

    7/28/09 - Joint Venture / Alliance - View Story

  • WTTIL and Plug Power Enter Into Purchase and Maintenance Agreement for 200 GenSys...

    7/23/09 - Joint Venture / Alliance - View Story

  • Plug receives $1.4M to operate residential power units

    7/08/09 - New Investment - View Story

  • Plug board member resigns (at bizjournals.com)

    7/06/09 - Mgmt. Change Leaving - Other - View Story

  • Anheuser-Bush Inc.

    6/30/09 - New Investment - View Story

  • Plug Power Announces Results of Annual Meeting

    6/17/09 - Financial Announcement - View Story

News & Analysis

plug power inc. - All News and Analysis

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     PLUG $0.92 +0.04 (4.56% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 948,263
Shares Outstanding 129.31M
Market Cap 119.0M
Year High 1.55
Year Low 0.66
Earnings Per Share -1.01
P/E Ratio -0.91
Dividend N/A
Yield N/A
IndustryTop Rated
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