Plug Power Inc. (NASDAQ: PLUG) is set to participate in the Jefferies Renewables & Clean Energy Conference 2024 in New York, with Jose Luis Crespo, the Chief Revenue Officer, scheduled to participate in a fireside chat on Wednesday, December 4, 2024, from 11:00 * 11:40 AM EST.
The company has deployed more than 69,000 fuel cell systems and over 250 fueling stations, making it the largest buyer of liquid hydrogen and the leader in this space. Plug Power is also making strides in building an end-to-end green hydrogen ecosystem, with plans to operate a green hydrogen highway across North America and Europe and targeting commercial operation of multiple green hydrogen production plants by year-end 2028.
This growth is reflected in the company's financials, with its revenue and net income for the last reported quarter showing significant increases. In the most recent quarter, Plug Power reported a revenue of $162.3 million, marking a 20% increase from the previous quarter's revenue of $135.1 million. Additionally, the company's net income for the last reported quarter showed a substantial improvement, reaching $17.6 million, compared to the previous quarter's net loss of $23.5 million.
Plug Power's commitment to delivering green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications, is evidently paying off, as evidenced by its impressive financial performance. Following these announcements, the company's shares moved -3.9%, and are now trading at a price of $2.12. For the full picture, make sure to review Plug Power's 8-K report.
