Plug Power Inc.
Plug Power Inc. (NASDAQ: PLUG) is building an end-to-end clean hydrogen ecosystem designed to help customers meet their business goals while decarbonizing their operations. The company operates as a single reportable segment focused on the design, development, and sale of hydrogen products and solutions across… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Plug Power Inc. does
In the company’s own words
Plug Power Inc. (NASDAQ: PLUG) is building an end-to-end clean hydrogen ecosystem designed to help customers meet their business goals while decarbonizing their operations. The company operates as a single reportable segment focused on the design, development, and sale of hydrogen products and solutions across multiple applications and geographies.
The company's core business encompasses fuel cell systems, hydrogen production equipment, electrolyzers, liquefaction systems, and cryogenic solutions. Plug's primary product portfolio includes GenDrive fuel cell systems for material handling vehicles such as forklifts, GenFuel liquid hydrogen fueling and delivery systems, GenCare maintenance and service programs, GenKey vertically integrated turn-key solutions, GenEco electrolyzers for hydrogen generation, and GenSure stationary fuel cell power systems. The company also produces and delivers liquid hydrogen through production facilities located in Tennessee, Georgia, and Louisiana, with the Louisiana facility commencing operations in April 2025.
Plug has deployed more than 74,000 fuel cell systems and operates more than 275 fueling stations, primarily serving the material handling industry. The company maintains manufacturing and assembly facilities in Slingerlands and Rochester, New York; Houston, Texas; and Lafayette, Indiana, along with a customer service center in Miamisburg, Ohio. As of December 31, 2025, Plug employed 2,582 people, with 2,216 located in the United States and 366 internationally.
The company serves predominantly North American and European markets, with primary focus on large to mid-sized fleet operations in high-volume manufacturing and distribution centers. Walmart accounted for 24.2 percent of total consolidated revenues for the year ended December 31, 2025. Plug maintains strategic joint ventures including Hidrogenii with Olin Corporation for hydrogen production and AccionaPlug with Acciona for clean hydrogen projects in Spain and Portugal.
Plug's competitive advantages include its vertically integrated approach to hydrogen solutions, proprietary fuel cell and electrolyzer technologies, established customer relationships, and operational hydrogen production infrastructure. The company holds 52 active U.S. patents and maintains a portfolio of trademarks supporting its brand identity in the hydrogen and clean energy sectors. More information is available at www.plugpower.com.
Company details
- Sector
- Industrials
- Industry (SIC)
- Electronic Equipment
- Headquarters
- SLINGERLANDS, NY
- Fiscal year end
- December
- CIK
- 1093691
- SIC
- 3620
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Plug Power Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Plug Power Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Plug Power Inc.’s bonds, as funds hold them
Funds report holding 1 issues of Plug Power Inc.’s debt, $52.05M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.75%, maturing 2033 to 2033.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
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