Plug Power Stock Price, News & Analysis

Plug Power (NASDAQ: PLUG) has expanded its partnership with Allied Green Ammonia (AGA) through a new 2 GW electrolyzer deal for a sustainable fuels project in Uzbekistan. The agreement, to be executed at the Tashkent International Investment Forum, involves a $5.5 billion green chemical production facility that will produce sustainable aviation fuel, green urea, and green diesel. This deal builds upon AGA's previous 3 GW electrolyzer commitment for its Australian green ammonia facility, bringing the total partnership to 5 GW globally. The Uzbekistan project is backed by the government and reinforces Plug's position as a preferred electrolyzer provider for large-scale decarbonization initiatives. The Australian project is progressing as planned, with a final investment decision expected in Q4 2025.

Plug Power (NASDAQ: PLUG) has achieved a significant milestone at its Woodbine, Georgia hydrogen plant, producing 300 metric tons of liquid hydrogen in April 2025—setting a new U.S. production record. The facility, which opened in January 2024, is the largest electrolytic liquid hydrogen production facility in the United States, utilizing Plug's proprietary GenEco PEM electrolyzer technology.

The Georgia plant, designed with a 15 tons per day nameplate capacity, is part of Plug's hydrogen generation network that includes facilities in Tennessee and Louisiana, totaling 40 tons per day of combined production capacity. This makes Plug the largest liquid hydrogen producer in the U.S. The facility supplies hydrogen to major customers including Walmart, Amazon, and Home Depot, supporting their decarbonization efforts while ensuring stable domestic fuel supply.

Plug Power (NASDAQ: PLUG) announced the successful operation of its GenEco electrolyzer systems at The Green Box cleantech campus in the Netherlands. The site features 1 MW and 5 MW PEM electrolyzers running at full capacity for live demonstrations and technical workshops targeting European customers.

The GenEco platform, designed for industrial applications like refining, sustainable aviation fuel, and green ammonia production, has already attracted visits from major companies including Galp, Technip, Tata Steel, and Sener. The 5 MW system, primarily powered by on-site solar from over 18,000 panels, demonstrated successful hydrogen production in May 2025.

The facility leverages a 6 MW public grid connection and operates on a 10 kV network. Plug Power reports an active electrolyzer opportunity pipeline exceeding $21 billion across 2025 and 2026, supported by EU Green Deal, RePowerEU, and UK Energy Act initiatives.

Plug Power CFO Paul Middleton purchased 350,000 shares of company stock at $0.7154 per share, totaling approximately $250,000 in an open market transaction on May 16, 2025. This insider purchase demonstrates management's confidence in the company's strategy and future potential. The announcement follows Plug's Q1 2025 results, where the company reported revenue of $133.7 million and reduced net cash used in operations to $152.1 million, down from $288.3 million in Q1 2024. Plug has expanded its hydrogen production to 40 tons per day across three plants. The company previously implemented an executive compensation program aligning with shareholder interests, including CEO Andy Marsh taking 50% of his 2025 compensation in stock.

Plug Power (NASDAQ: PLUG) reported Q1 2025 financial results with revenue of $133.7M, up from $120.3M in Q1 2024. The company showed improved gross margin loss of -55% compared to -132% in Q1 2024. Cash burn decreased to $152.1M from $288.3M, with $295.8M in unrestricted cash at quarter-end. Key developments include: - Commissioned 15-TPD hydrogen plant in Louisiana, increasing US production to ~40 TPD - Secured $525M credit facility with Yorkville Advisors - GenEco electrolyzer revenue grew 575% YoY - Signed 3 GW supply agreement with Allied Green Ammonia - Deployed 848 fuel cell units in Q1 - Launched Project Quantum Leap targeting $200M in annual savings Q2 2025 revenue guidance: $140M-$180M. Management focuses on improving margins and reducing costs while expanding global hydrogen infrastructure.

Plug Power (NASDAQ: PLUG) has successfully closed the initial tranche of a $525 million secured term loan facility with Yorkville Advisors. The company received an initial funding of $210 million and used part of it to retire $82.5 million in existing convertible debentures, which significantly reduces potential dilution by eliminating approximately 55 million associated underlying shares.

The new financing aims to enhance Plug's liquidity position and provide additional financial flexibility as the company continues to scale its green hydrogen network and work toward profitability. CEO Andy Marsh emphasized that this financing will support Plug's strategic priorities in 2025 and beyond. The company will provide more details during its Q1 2025 earnings call scheduled for May 12, 2025.

Plug Power has secured a major financial boost with a new $525 million credit facility from Yorkville Advisors, including an initial $210 million tranche expected to close by May 2, 2025. The company will use $82.5 million to retire existing convertible debentures, reducing potential share dilution by approximately 55 million shares.

Key financial highlights include:

• Q1 2025 expected revenue: $130-134 million
• Q2 2025 projected revenue: $140-180 million
• Q1 2025 net cash usage: $142 million (down from $268 million in Q1 2024)
• Cash position: $296 million in unrestricted cash as of March 31, 2025

The company has completed its new 15TPD hydrogen production plant in Louisiana through the Hidrogenii joint venture with Olin Corporation. Additionally, Plug Power has implemented cost-cutting measures expected to generate over $200 million in annual savings. The company states it has no plans to raise additional equity in 2025, demonstrating confidence in its current financial position.

Plug Power (NASDAQ: PLUG) and Olin announced the commissioning of a 15 metric-ton-per-day (TPD) hydrogen liquefaction plant in St. Gabriel, Louisiana through their joint venture Hidrogenii. The facility, among North America's largest electrolytic hydrogen liquefaction plants, will process Olin-produced hydrogen for trailer shipments across the U.S., serving Plug's material handling customers through Plug's spot pricing market.

The new plant increases Plug's total production capacity to 40 TPD, complementing existing facilities in Woodbine, Georgia (15 TPD) and Charleston, Tennessee (10 TPD). The joint venture, established in 2022, aims to strengthen the regional hydrogen supply chain and support the U.S. transition to low-carbon energy.

STEF Group, European leader in temperature-controlled food logistics, has launched two hydrogen projects with Toyota Material Handling Europe and Plug Power (PLUG) in France and Spain. The initiative involves implementing hydrogen-powered forklifts at cold storage facilities in Athis-Mons, France, and Torrejón de Ardoz, Spain.

The French site uses delivered green hydrogen, while the Spanish facility produces hydrogen on-site using an electrolyzer powered by a 2.9 MWp rooftop solar plant. The project includes 48 forklifts in Athis-Mons and 67 in Torrejón de Ardoz.

The hydrogen fuel cell forklifts offer several advantages:

• Quick refueling in under 3 minutes
• Enhanced performance in cold conditions (-18° to +4°)
• 10-year fuel cell lifespan (double that of traditional batteries)
• Reduced accident risk compared to lead-acid battery changes

PLUG will provide its complete GenKey ecosystem, including fuel cells, GenFuel infrastructure, green hydrogen supply, and ongoing service for both locations.