Plug Power Announces 2020 Third Quarter Results

Rhea-AI Summary

Plug Power Inc. (NASDAQ:PLUG) reported its third quarter results for 2020, showcasing its leadership in hydrogen engine solutions. The company has deployed over 35,000 fuel cell systems globally and is the largest buyer of liquid hydrogen in North America. Plug Power continues to expand into key markets such as zero-emission vehicles and data centers, leveraging its comprehensive GenKey solution for clients like Amazon and Walmart. The quarterly results and shareholder letter are available on their investor relations page.

Positive

• Plug Power has deployed approximately 35,000 fuel cell systems, making it a leader in the hydrogen fuel cell market.
• The company is the largest buyer of liquid hydrogen in North America, indicating strong market presence.
• Plug Power is expanding into new markets, including zero-emission on-road vehicles and data centers.

Negative

• None.

LATHAM, N.Y., Nov. 09, 2020 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, has announced today its 2020 third quarter results. The quarterly shareholder letter has been posted at http://www.ir.plugpower.com/Q320Plug.

Join the call:
Date: Monday, November 9, 2020
Time: 10:00 am ET
Participant Dial-In: 877-405-1239 / 201-389-0851
Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1395939&tp_key=89cb6e7ca6

Both the shareholder letter and webcast can be accessed at www.plugpower.com, on the company’s home and investor relations pages. A playback of the call will be available online for a period following the event.

About Plug Power Inc.
Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell (HFC) turnkey solutions. The company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while providing efficiency gains and meeting sustainability goals.

Plug Power created the first commercially viable market for hydrogen fuel cell (HFC) technology. As a result, the company has deployed approximately 35,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America. Plug Power delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs. 

Plug Power’s vertically-integrated GenKey solution ties together all critical elements to power, fuel, and provide service to customers such as Amazon, BMW, The Southern Company, Carrefour, and Walmart. The company is now leveraging its know-how, modular product architecture and foundational customers to rapidly expand into other key markets including zero-emission on-road vehicles, robotics, and data centers.

Plug Power Media Contact
Teal Vivacqua Hoyos
media@plugpower.com

Plug Power Investor Relations Contact
Roberto Friedlander
investors@plugpower.com

SOURCE: PLUG POWER

FAQ

What are the third quarter results for Plug Power Inc. in 2020?

Plug Power reported its third quarter results on November 9, 2020, emphasizing its market leadership and expansion strategies.

How many fuel cell systems has Plug Power deployed?

Plug Power has deployed over 35,000 fuel cell systems globally, making it a leader in this technology.

Who are Plug Power's major clients?

Plug Power's major clients include Amazon, BMW, The Southern Company, Carrefour, and Walmart.

What new markets is Plug Power expanding into?

Plug Power is looking to expand into markets such as zero-emission on-road vehicles, robotics, and data centers.

What date was the Plug Power earnings call held?

The Plug Power earnings call was held on November 9, 2020, at 10:00 am ET.