STOCK TITAN

Plug Power Announces 2021 Fourth Quarter Results

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Plug Power Inc. (NASDAQ: PLUG) announced its fourth-quarter results for 2021, highlighting significant advancements in its hydrogen solutions as a leader in the global green hydrogen economy. The company has deployed over 50,000 fuel cell systems globally and is expanding its operations into key markets, including zero-emission vehicles and data centers. A conference call detailing the results was held on March 1, 2022. Plug Power emphasizes its commitment to sustainability and has established partnerships with major corporations like Amazon and Walmart.

Positive
  • Deployed over 50,000 fuel cell systems, leading the market.
  • Largest buyer of liquid hydrogen, enhancing market position.
  • Expanding into zero-emission vehicles, robotics, and data centers.
Negative
  • None.

LATHAM, N.Y., March 01, 2022 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has announced today its 2021 fourth quarter results. The quarterly shareholder letter has been posted at https://www.ir.plugpower.com/Q421Plug.

A conference call will be held today, March 1, 2022.

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 over 50,000 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.

SOURCE: PLUG POWER

Plug Power Media Contact
Caitlin Coffee
Allison+Partners
(312) 635-8204
PlugPR@allisonpr.com 


Plug Power Inc.

NASDAQ:PLUG

PLUG Rankings

PLUG Latest News

PLUG Stock Data

2.21B
849.35M
6.76%
48.46%
23.73%
Electrical Equipment & Parts
Electrical Industrial Apparatus
Link
United States of America
SLINGERLANDS