PLUG POWER INC
Close on Oct 19, 2026
- Market cap
- $1.91B
- P/E (TTM)
- –
- Dividend yield
- –
About Plug Power
Electrical Industrial Apparatus, SIC 3620
Plug Power Inc. provides end-to-end clean hydrogen solutions spanning energy production, storage, distribution, and electricity generation. Operating as a single reportable business segment, the company develops and sells proton exchange membrane electrolyzers, stationary and motive fuel cell systems, hydrogen liquefiers, and specialized cryogenic delivery and storage equipment. Its commercial offerings also encompass liquid hydrogen supply, turnkey infrastructure setups, and ongoing maintenance programs. Plug primarily caters to customers operating large-scale manufacturing facilities and high-volume distribution centers, particularly within the material handling and industrial mobility sectors. Additionally, its electrolyzers and hydrogen products serve refineries, chemical plants, steel producers, utilities, and commercial refueling stations.
Plug manages operations across North America, Europe, Australia, and select international markets. It operates manufacturing and assembly facilities in New York, Texas, and Ohio, along with domestic hydrogen production plants in Tennessee, Georgia, and Louisiana. The company does not state its headquarters location in the text.
Summary of the business section of Plug Power's latest annual report, written by StockData.
Company profile
Company
- Legal name
- PLUG POWER INC
- Founded
- 1997
- Headquarters
- Slingerlands, NY
- Address
- 125 Vista Boulevard 12159
- Phone
- (518) 782-7700
- Website
- plugpower.com
- Employees
- 2,582, Dec 31, 2025
- Industry
- Electrical Industrial Apparatus
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Rochester, NY
Stock & identifiers
- Ticker
- PLUG
- Exchange
- Nasdaq
- IPO date
- Jul 20, 2001
- Shares outstanding
- 1.40B, Aug 6, 2026
- Public float
- $1.46B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 1-for-10 reverse, May 20, 2011
- SEC CIK
- 1093691
- CUSIP
- 72919P202
- ISIN
- US72919P2020
- LEI
- 549300JPDKRSJ8JSM954
- EIN
- 22-3672377
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Benjamin Haycraft | CSO & GM EMEA | 101,249 |
| Dean Fullerton | Chief Operating Officer | – |
| Paul B. Middleton | CFO & Executive VP | 3,011,661 |
| Gerard L. Conway JR | Gen. Coun, Corp Sec., Exec. VP | 342,120 |
| Jose Luis Crespo | See Remarks | 368,632 |
| Martin Daniel Hull | Corporate Controller and CAO | 225,963 |
| Colin M. Angle | Director | 153,102 |
| Gregory Kenausis | Director | 514,412 |
| Mark J. Bonney | Director | 271,530 |
| Patrick Joggerst | Director | 253,184 |
| Andrew Marsh | Director | 975,256 |
| Gary K. Willis | Director | 730,107 |
| George C. McNamee | Director | 1,173,282 |
| Maureen O. Helmer | Director | 362,918 |
| Kavita Mahtani | Director | 239,847 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Andrew J. Marsh | $4.40M | $5.51M | $2.81M | $6 | $64 |
| FY2024 Andrew J. Marsh | $2.24M | -$406.62K | $2.76M | $6 | $48 |
| FY2023 Andrew J. Marsh | $7.25M | -$4.11M | $3.70M | $13 | $60 |
| FY2022 Andrew J. Marsh | $766.56K | -$75.97M | $935.68K | $36 | $65 |
| FY2021 Andrew J. Marsh | $52.25M | $3.99M | $23.67M | $83 | $97 |
| FY2020 Andrew J. Marsh | $13.63M | $80.72M | $5.33M | $1073 | $282 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 2,582 employees, of which 238 are temporary employees, with 2,216 located in the United States and 366 located outside of the United States.”
Corporate history
Events identified from SEC filings