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Plug Power Inc (PLUG) - Financial and Strategic SWOT Analysis Review

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    SWOT Analysis

  • 57 Pages
  • November 2024
  • GlobalData
  • ID: 5950010
Plug Power Inc (PLUG) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by the analyst to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.

The profile contains critical company information including:

  • Business description - A detailed description of the company’s operations and business divisions.
  • Corporate strategy - Analyst’s summarization of the company’s business strategy.
  • SWOT Analysis - A detailed analysis of the company’s strengths, weakness, opportunities and threats.
  • Company history - Progression of key events associated with the company.
  • Major products and services - A list of major products, services and brands of the company.
  • Key competitors - A list of key competitors to the company.
  • Key employees - A list of the key executives of the company.
  • Executive biographies - A brief summary of the executives’ employment history.
  • Key operational heads - A list of personnel heading key departments/functions.
  • Important locations and subsidiaries - A list and contact details of key locations and subsidiaries of the company.
  • Detailed financial ratios for the past five years - The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
  • Interim ratios for the last five interim periods - The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.

Highlights

Plug Power Inc (Plug Power) is engaged in building a comprehensive clean hydrogen ecosystem, encompassing production, storage, delivery, and energy generation. The company's main activities include deploying hydrogen fuel cell systems and establishing fueling stations. Plug's major products and services include fuel cells, electrolyzers, hydrogen liquefiers, and cryogenic solutions. The company’s product portfolio comprises ProGen, GenDrive, GenSure, GenKey, GenFuel. Its products find application in on-road electric vehicles, supply chain and logistics and the stationary power market. The company operates hydrogen production facilities and is expanding its presence with new plants in multiple US states. Plug is headquartered in Latham, New York, the US.

Plug Power Inc Key Recent Developments

  • Nov 12, 2024: Plug Power Announces Key Strategic Milestones and Continued Margin Improvement in Third Quarter 2024
  • Oct 07, 2024: Plug Power Signs Binding Framework Agreement With Allied Green Ammonia
  • Oct 01, 2024: Plug Power Collaborates with Carreras Grupo Logistico for Implementation of a Complete Green Hydrogen Ecosystem
  • Sep 18, 2024: Plug Contracts With BP And Iberdrola Joint Venture To Supply 25 Mw Of Pem Electrolyzers For Bp’s Castellon Refinery Project In Valencia, Spain

Key benefits of buying this profile include:

You get detailed information about the company and its operations to identify potential customers and suppliers.
  • The profile analyzes the company’s business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors.
Understand and respond to your competitors’ business structure and strategies, and capitalize on their weaknesses. Stay up to date on the major developments affecting the company.
  • The company’s core strengths and weaknesses and areas of development or decline are analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track important events.
Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably.
  • Opportunities that the company can explore and exploit are sized up and its growth potential assessed in the profile. Competitive and/or technological threats are highlighted.
Scout for potential investments and acquisition targets, with detailed insight into the companies’ strategic, financial and operational performance.
  • Financial ratio presented for major public companies in the profile include the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios.
Gain key insights into the company for academic or business research.
  • Key elements such as SWOT analysis, corporate strategy and financial ratios and charts are incorporated in the profile to assist your academic or business research needs.

Note: Some sections may be missing if data is unavailable for the company

Table of Contents

Section 1 - About the Company
  • Plug Power Inc - Key Facts
  • Plug Power Inc - Key Employees
  • Plug Power Inc - Key Employee Biographies
  • Plug Power Inc - Major Products and Services
  • Plug Power Inc - History
  • Plug Power Inc - Company Statement
  • Plug Power Inc - Locations And Subsidiaries
  • Head Office
  • Other Locations & Subsidiaries
Section 2 - Company Analysis
  • Company Overview
  • Plug Power Inc - Business Description
  • Product Category: Fuel Delivered to Customers and Related Equipment
  • Performance
  • Product Category: Other
  • Performance
  • Product Category: Power Purchase Agreements
  • Performance
  • Product Category: Sales of Cryogenic Equipment and Other
  • Performance
  • Product Category: Sales of Electrolyzers
  • Performance
  • Product Category: Sales of Engineered Equipment
  • Performance
  • Product Category: Sales of Fuel Cell Systems
  • Performance
  • Product Category: Sales of Hydrogen Infrastructure
  • Performance
  • Product Category: Services Performed on Fuel Cell Systems and Related Infrastructure
  • Performance
  • Geographical Segment: Asia
  • Performance
  • Geographical Segment: Europe
  • Performance
  • Geographical Segment: North America
  • Performance
  • Geographical Segment: Other
  • Performance
  • R&D Overview
  • Plug Power Inc - Corporate Strategy
  • Plug Power Inc - SWOT Analysis
  • SWOT Analysis - Overview
  • Plug Power Inc - Strengths
  • Plug Power Inc - Weaknesses
  • Plug Power Inc - Opportunities
  • Plug Power Inc - Threats
  • Plug Power Inc - Key Competitors
Section 3 - Company Financial Ratios
  • Financial Ratios - Capital Market Ratios
  • Financial Ratios - Annual Ratios
  • Performance Chart
  • Financial Performance
  • Financial Ratios - Interim Ratios
  • Financial Ratios - Ratio Charts
Section 4 - Company’s Power, Oil & Gas Financial Deals and Alliances
  • Plug Power Inc, Power, Deals By Year, 2018 to YTD 2024
  • Plug Power Inc, Power, Deals By Type, 2018 to YTD 2024
  • Plug Power Inc, Recent Deals Summary
Section 5 - Company’s Recent Developments
  • Nov 12, 2024: Plug Power Announces Key Strategic Milestones and Continued Margin Improvement in Third Quarter 2024
  • Oct 07, 2024: Plug Power Signs Binding Framework Agreement With Allied Green Ammonia
  • Oct 01, 2024: Plug Power Collaborates with Carreras Grupo Logistico for Implementation of a Complete Green Hydrogen Ecosystem
  • Sep 18, 2024: Plug Contracts With BP And Iberdrola Joint Venture To Supply 25 Mw Of Pem Electrolyzers For Bp’s Castellon Refinery Project In Valencia, Spain
  • Sep 12, 2024: Plug Signs Technical Evaluation Phase Contract for 25 MW of PEM Electrolyzers with Dourogas and CapWatt for 80,000 Ton Per Year Methanol Project
  • Sep 05, 2024: Plug Awarded $10 Million DOE Grant to Lead Development of Advanced Hydrogen Refueling Station in Washington State
  • Aug 22, 2024: Plug Power Appoints Colin Angle, Former CEO of iRobot, to Board of Directors
  • Aug 16, 2024: Plug Into the Sun Anywhere: Vroom Solar Introduces Industry's First Portable DIY Solar Control Center
  • Jul 30, 2024: Plug Power Names Amazon Executive as its New COO
  • Jul 09, 2024: Plug Delivers and Commissions over 95 MW of Electrolyzer Capacity Globally
Section 6 - Appendix
  • Methodology
  • Ratio Definitions
  • About the Analyst
  • Contact the Publisher
  • Disclaimer
List of Tables
  • Plug Power Inc, Key Facts
  • Plug Power Inc, Key Employees
  • Plug Power Inc, Key Employee Biographies
  • Plug Power Inc, Major Products and Services
  • Plug Power Inc, History
  • Plug Power Inc, Subsidiaries
  • Plug Power Inc, Key Competitors
  • Plug Power Inc, Ratios based on current share price
  • Plug Power Inc, Annual Ratios
  • Plug Power Inc, Interim Ratios
  • Plug Power Inc, Power, Deals By Year, 2018 to YTD 2024
  • Plug Power Inc, Power, Deals By Type, 2018 to YTD 2024
  • Plug Power Inc, Recent Deals Summary
  • Currency Codes
  • Capital Market Ratios
  • Equity Ratios
  • Profitability Ratios
  • Cost Ratios
  • Liquidity Ratios
  • Leverage Ratios
  • Efficiency Ratios
List of Figures
  • Plug Power Inc, Performance Chart (2019 - 2023)
  • Plug Power Inc, Ratio Charts
  • Plug Power Inc, Power, Deals By Year, 2018 to YTD 2024
  • Plug Power Inc, Power, Deals by Type, 2018 to YTD 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Ceres Power Holdings Plc
  • SFC Energy AG
  • Greenlight Innovation
  • FuelCell Energy Inc
  • Ballard Power Systems Inc