Plug Power Stock Price, News & Analysis

Plug Power (NASDAQ: PLUG) announced on Oct 23, 2025 the deployment of its GenDrive fuel cell systems and GenFuel hydrogen infrastructure at Floor & Decor’s Frederickson, WA distribution center.

Plug equipped the site with a complete hydrogen ecosystem powering 77 pieces of material handling equipment, a 10,000-gallon liquid hydrogen storage tank, vaporizers, compressors and a high-capacity dispensing system. The system is projected to avoid more than 400 metric tons of CO₂e annually and produces roughly 300 liters (≈80 gallons) of water per day for facility reuse. Plug highlighted off-grid capabilities, modular scalability and claimed improvements in emissions, operational resilience and material handling performance.

Plug Power (NASDAQ: PLUG) completed the first phase of hydrogen deliveries to Germany’s H2CAST project, delivering 44.5 metric tons of green hydrogen from April to August 2025 and meeting delivery timelines. Plug was awarded a follow‑on mandate to deliver an additional 35 metric tons. The hydrogen is sourced exclusively from Hy2Gen ATLANTIS electrolyzer in Werlte, where Plug holds exclusivity on 100% of production. Plug deployed a fleet of 36 MEGCs and designed a dedicated unloading skid to integrate with H2CAST’s salt cavern storage, demonstrating scalable transport, storage integration, and engineering capability for Europe’s hydrogen infrastructure.

Plug Power (NASDAQ: PLUG) announced that CEO Andy Marsh will join U.S. Senator Bill Cassidy and energy leaders on October 16, 2025 at the Louisiana Energy Security Summit hosted by ACCF.

Marsh will appear on the panel “Cracking Down on China — Addressing Risks to American Energy and Supply Chain Security” to discuss policy and investment strategies supporting domestic manufacturing, clean hydrogen production, and fair global competition.

Plug identified Louisiana as a strategic hub and earlier this year launched Hidrogenii, a 15-ton-per-day liquid hydrogen joint venture in St. Gabriel with Olin, which anchors its vertically integrated hydrogen network across the Southeast and Gulf Coast. Marsh cited support for measures like the Foreign Pollution Fee Act that aim to level the playing field for U.S. producers.

Plug Power (NASDAQ: PLUG) announced participation in a TD Cowen non-deal roadshow in Montreal and Toronto, Canada during the week of Oct. 15, 2025. The company said senior investor-relations leaders will meet with investors to discuss strategy, execution, and engagement.

Named participants include Paul Middleton, CFO, and Roberto Friedlander, VP of Investor Relations. Additional presentation details are available on Plug Power's investor relations events page.

Plug Power (NASDAQ: PLUG) announced participation in two concurrent non-deal roadshows on the week of Oct. 9, 2025, with investor meetings in Paris and Boston. The company said these simultaneous meetings reflect ongoing investor engagement and disciplined execution. Attendees include CFO Paul Middleton in Paris (Redburn Atlantic) and President & CRO Jose Luis Crespo with VP of Investor Relations Roberto Friedlander in Boston (Canaccord). Additional event details are available on Plug Power's investor relations events page.

Plug Power (NASDAQ: PLUG) entered a warrant inducement agreement with a single institutional investor for immediate exercise of all outstanding March 2025 warrants to buy 185,430,464 shares at $2.00 each, generating ~$370 million gross proceeds before fees. The investor will receive 31,000,000 shares and pre-funded warrants for 154,430,464 shares, plus New Warrants to purchase 185,430,464 shares at $7.75 (≈100% premium) exercisable upon shareholder approval to increase authorized shares and expiring March 20, 2028. If fully exercised for cash, New Warrants could yield ~$1.4 billion additional gross proceeds. Closing expected on or about October 9, 2025.

Plug Power (NASDAQ: PLUG) named Jose Luis Crespo as President effective Oct 10, 2025 and as incoming CEO effective when the company files its Form 10-K for year ended Dec 31, 2025 (expected March 2026). Andy Marsh will remain CEO during the transition and will become Executive Chair after March 2, 2026. George McNamee was named Lead Director effective Oct 10, 2025. The company highlighted Crespo’s role as architect of a sales funnel exceeding $8 billion and emphasized continuity, disciplined execution, and focus on profitability, gross margin, and EBITDA targets. Sanjay Shrestha will step down as President effective Oct 10, 2025.

Plug Power (NASDAQ: PLUG), a leader in green hydrogen solutions, announced that CEO Andy Marsh will participate in a virtual investor briefing hosted by Clear Street. The event will provide a platform for the company to present its strategic roadmap and long-term vision while engaging with the investment community.

Investors can find additional details about Plug's conference participation through the events and presentations section of the company's investor relations website.

Plug Power (NASDAQ: PLUG) has delivered its first 10-megawatt (MW) GenEco™ electrolyzer array to Galp's Sines Refinery in Portugal, marking a significant milestone in Europe's largest PEM hydrogen electrolyzer project. This delivery is the first of 10 units to be deployed by early 2026, ultimately reaching a total capacity of 100MW.

The project will produce 15,000 tons of renewable hydrogen annually, replacing 20% of the refinery's grey hydrogen usage and reducing greenhouse gas emissions by 110,000 tons per year. The initiative is part of Galp's €650 million investment announced in September 2023, which includes both the hydrogen electrolysis unit and an HVO/SAF unit.

In Q2, Plug's global electrolyzer programs contributed $45 million to revenue, with over 230MW of GenEco programs across multiple regions. The company maintains a $2 billion global opportunity funnel and expects additional large-scale projects to reach final investment decisions in 2026.