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Plug Power revenue
Plug Power's revenue is $628.8 million.
What is Plug Power's revenue?
- Plug Power's revenue growth from 2017 to 2024 is 527.85%.
- Plug Power has 835 employees, and the revenue per employee ratio is $753,070.
- Plug Power's peak quarterly revenue was $260.2M in 2023(q2).
- Plug Power peak revenue was $891.3M in 2023.
- Plug Power annual revenue for 2023 was 891.3M, 27.07% growth from 2022.
- Plug Power annual revenue for 2024 was 628.8M, -29.45% growth from 2023.
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Plug Power historical revenue
Plug Power's peak revenue was $891.3M in 2023. The peak quarterly revenue was $260.2M in 2023(q2).
Plug Power's revenue increased from $100.2m in 2017 to $628.8M currently. That's a 527.85% change in annual revenue.
Plug Power annual revenue
Plug Power annual revenue over time
| Fiscal year / year | Plug Power revenue |
|---|---|
| 2017 | $100.2M |
| 2018 | $174.2M |
| 2019 | $230.0M |
| 2020 | ($93.2M) |
| 2021 | $502.3M |
| 2022 | $701.4M |
| 2023 | $891.3M |
| 2024 | $628.8M |
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Plug Power annual growth
Plug Power saw the greatest revenue growth in 2018, when revenue increased by 73.95%.
Plug Power had the lowest revenue growth in 2021, when revenue changed by -638.78%.
Plug Power annual growth rate over time
| Year | Plug Power growth |
|---|---|
| 2018 | 74%↑ |
| 2019 | 32%↑ |
| 2020 | -141%↓ |
| 2021 | -639%↓ |
| 2022 | 40%↑ |
| 2023 | 27%↑ |
| 2024 | -29%↓ |
Plug Power quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Plug Power quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2017 | - | - | - | $31.1M |
| 2018 | $26.4M | $35.2M | $53.2M | $59.4M |
| 2019 | $21.6M | $57.5M | $59.5M | $91.4M |
| 2020 | $40.8M | $68.0M | $107.0M | ($309.1M) |
| 2021 | $72.0M | $124.6M | $143.9M | $161.9M |
| 2022 | $140.8M | $151.3M | $188.6M | $220.7M |
| 2023 | $210.3M | $260.2M | $198.7M | $222.2M |
| 2024 | $120.3M | $143.4M | $173.7M | $191.5M |
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Plug Power financial information
| Industry | Energy Equipment & Services |
| Company Type | Public |
| Employees Number | 835 |
| Date Founded | 1997 |
| Headquarters | Colonie, New York |
| Number of Locations | 5 |
| Revenue | $628.8M |
| Net Income | -$724,008,000 |
| Gross Proft | ($624.9M) (2024) |
| PE Ratio | -0.15 |
| Tax Rate | 0.0% |
| Market Capitalization | $312.7M |
| Total Assets | $5,764,276,000 |
| Ticker | PLUG |
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Plug Power financing
Plug Power received early financing of $256.6K on 1997-06-26.
| Series | Round size | Date |
|---|---|---|
| Grant | $257K | 06/1997 |
| Grant | $53K | 09/1999 |
| Grant | $455K | 09/2002 |
| Grant | $3.9M | 09/2003 |
| Post Ipo Equity | $58.5M | 11/2003 |
| Grant | $222K | 12/2003 |
| Grant | $500K | 07/2004 |
| Post Ipo Equity | $6.3M | 09/2005 |
| Post Ipo Equity | $217M | 06/2006 |
| Grant | $406K | 10/2006 |
| Grant | $8.6M | 10/2006 |
| Grant | $400K | 06/2007 |
| Grant | $316K | 11/2007 |
| Grant | $500K | 06/2008 |
| Grant | $974K | 06/2009 |
| Post Ipo Equity | $20.1M | 06/2011 |
| Post Ipo Equity | $20.9M | 07/2011 |
| Post Ipo Debt | $7M | 08/2011 |
| Post Ipo Equity | $13.6M | 03/2012 |
| Post Ipo Equity | $2M | 03/2012 |
| Post Ipo Equity | $6.5M | 05/2013 |
| Post Ipo Equity | $10.5M | 09/2013 |
| Post Ipo Equity | $30M | 01/2014 |
| Post Ipo Equity | $21.5M | 03/2014 |
| Post Ipo Equity | $116.3M | 04/2014 |
| Post Ipo Debt | $70M | 06/2016 |
| Post Ipo Debt | $25M | 12/2016 |
| Post Ipo Debt | $100M | 04/2019 |
| Post Ipo Equity | $200M | 05/2020 |
| Post Ipo Equity | $1B | 11/2020 |
| Post Ipo Equity | $1.5B | 01/2021 |
| Post Ipo Equity | $2B | 02/2021 |
Plug Power investors
| Investors | Security type |
|---|---|
| NYSERDA | Grant |
| NYSERDA | Grant |
| NYSERDA | Grant |
| National Institute of Standards and Technology (NIST) | Grant |
| NYSERDA | Grant |
| NYSERDA | Grant |
| Norilsk Nickel | Post Ipo Equity |
| Interros | Post Ipo Equity |
| NYSERDA | Grant |
| Department of Energy | Grant |
| NYSERDA | Grant |
| NYSERDA | Grant |
| NYSERDA | Grant |
| NYSERDA | Grant |
| Silicon Valley Bank | Post Ipo Debt |
| Air Liquide | Post Ipo Equity |
| HERCULES CAPITAL INC | Post Ipo Debt |
| New York State | Post Ipo Debt |
| GENERATE CAPITAL INC | Post Ipo Debt |
| SK | Post Ipo Equity |
Plug Power competitors
Plug Power's top competitor, United Service Technologies, earned an annual revenue of $80.7B.
Plug Power's smallest competitor is Maxwell Technologies with revenue of $90.5M last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Maxwell Technologies | $82,589 | $90.5M | 367 | - |
| Caterpillar | $57,298 | $64.8B | 97,300 | 1,224 |
| Cameron Welding Supply | $56,541 | $8.8B | 35,000 | - |
| Advanced Energy | $66,691 | $1.5B | 10,000 | 115 |
| United Service Technologies | $47,427 | $80.7B | 243,200 | 89 |
| Calpine | $92,459 | $10.1B | 2,256 | 81 |
| Dover | $51,410 | $7.7B | 23,000 | 442 |
| Rapiscan Systems | $73,985 | $520.0M | 1,217 | - |
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Zippia gives an in-depth look into the details of Plug Power, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Plug Power. The employee data is based on information from people who have self-reported their past or current employments at Plug Power. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Plug Power. The data presented on this page does not represent the view of Plug Power and its employees or that of Zippia.
Plug Power may also be known as or be related to Plug Power, Plug Power Inc, Plug Power Inc. and Plug Power, Inc.