Table of Contents . UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 1-34392 PLUG POWER INC. (Exact name of registrant as specified in its charter) Delaware 22-3672377 (State or Ot ...

财务数据和关键指标变化 - 公司预计第二季度收入将大幅增长,并且全年收入有望实现同比增长 [59][60][61] - 公司正在采取一系列成本控制措施,包括裁员和运营优化,预计到第四季度氢气业务将接近毛利平衡 [36][37][38][39][40] - 公司现金流状况有所改善,第一季度经营活动现金流亏损较上年同期减少约40% [80][81][82] 各条业务线数据和关键指标变化 - 材料搬运业务在第二季度开始恢复正常,预计全年占收入约35% [137][138][139][140] - 电解槽业务将成为公司最大的业务,预计2025年占比将超过30% [138][139][140] - 液化和其他制冷业务预计2025年占比将有所增加 [138][139][140] 各个市场数据和关键指标变化 - 公司在欧洲市场大幅扩张,已在欧洲各地安装了20套PEM电解槽系统,这是西方世界最大规模的建设 [17] - 公司正在美国各地建设新的氢气生产设施,包括乔治亚州、田纳西州和路易斯安那州,未来还计划在美国再建6座新厂 [12][13][14] 公司战略和发展方向及行业竞争 - 公司正在积极推进绿色氢能经济,通过扩大自有氢气生产能力、提高氢气价格和服务价格等措施来提高盈利能力 [11][12][13][16][20] - 公司正在与客户重新谈判合同条款,预计到第四季度氢气业务将接近毛利平衡 [27][28] - 公司正在积极推进电解槽业务,已有4.5GW的基础工程和设计合同,未来有望转化为大量订单 [18][19] 管理层对经营环境和未来前景的评论 - 管理层对公司未来发展前景保持乐观,认为公司正在为长期可持续增长奠定基础 [21][22] - 管理层表示,随着世界转向可持续解决方案,公司将准备好满足不断增长的行业需求 [21] 问答环节重要的提问和回答 问题1 **James West 提问** 询问公司的定价策略调整情况,以及对未来几个季度的影响 [27][28] **Andy Marsh 回答** 公司已与主要客户达成最终书面合同协议,预计到第四季度氢气业务将接近毛利平衡,同时设备销售也将在未来几个季度反弹 [28] 问题2 **Eric Stine 提问** 询问公司成本节约措施的具体情况,以及对利润的影响 [36][37][38][39][40] **Paul Middleton 回答** 公司已完成大部分成本控制措施,并将在未来几个季度看到全面的成本下降效果,有助于改善利润 [38][39][40] 问题3 **Manav Gupta 提问** 询问公司电解槽业务的前景及订单情况 [49][50][51][52] **Sanjay Shrestha 回答** 公司电解槽业务将实现大幅顺序增长,2024年主要执行现有订单,未来几年还将获得大量新订单 [50][51][52]

Plug Power (PLUG) reported $120.26 million in revenue for the quarter ended March 2024, representing a year- over-year decline of 42.8%. EPS of -$0.43 for the same period compares to -$0.35 a year ago. The reported revenue represents a surprise of -26.18% over the Zacks Consensus Estimate of $162.92 million. With the consensus EPS estimate being -$0.32, the EPS surprise was -34.38%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...

Shares in hydrogen company Plug Power (NASDAQ:PLUG) stock fell 4.7% overnight after announcing disappointing quarterly results. This followed a 5% fall in trading on May 8. Plug Power opened today at about $2.40 per share, a market capitalization of $1.66 billion. Pulling the Plug For the quarter ending in March, Plug Power reported a loss of $296 million, 46 cents per share. Revenue was just $120 million. Revenue was down over 43%, and losses were up 43% from a year ago. The company ended the quarter with ...

Plug Power (PLUG) came out with a quarterly loss of $0.43 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to loss of $0.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -34.38%. A quarter ago, it was expected that this alternative energy company would post a loss of $0.56 per share when it actually produced a loss of $1.07, delivering a surprise of -91.07%. Over the last four quarters, the co ...

财务业绩 - Plug Power Inc. 宣布2024年第一季度财务业绩，收入为1.203亿美元，每股亏损46美分[2] - 2024年第一季度销售额为1.2亿美元，反映了设备销售的季节性和电解器部署的时间影响[10] - 2024年第一季度Plug Power Inc.的净收入为12.02亿美元，较去年同期21.03亿美元下降了43.0%[22] - 2024年第一季度Plug Power Inc.的毛利亏损为15.91亿美元，较去年同期6.94亿美元下降了129.0%[22] - 2024年第一季度Plug Power Inc.的研发支出为2.53亿美元，较去年同期2.65亿美元下降了4.5%[22] - 2024年第一季度Plug Power Inc.的销售、一般和管理支出为7.80亿美元，较去年同期10.40亿美元下降了25.0%[22] - 2024年第一季度Plug Power Inc.的现金流量表显示，经营活动净现金流为-16.77亿美元，较去年同期-27.69亿美元有所改善[23] - 2024年第一季度Plug Power Inc.的投资活动净现金流为-12.06亿美元，较去年同期9.58亿美元下降了225.9%[23] - 2024年第一季度Plug Power Inc.的融资活动净现金流为28.31亿美元，较去年同期0.72亿美元增加了3937.5%[23] - 2024年第一季度Plug Power Inc.的利息支出为0.91亿美元，较去年同期0.79亿美元增加了15.2%[24] 氢气生产和销售 - 公司在设备毛利方面遇到困难，但预计通过内部氢气供应和价格上涨将在未来季度产生积极影响[3] - Plug 预计2024年上半年将实现全年收入的三分之一，目前有20个电解系统正在第三方客户现场进行投产[4] - Plug 的氢气生产网络在2024年第一季度达到重要里程碑，乔治亚和田纳西工厂产能达到每天25吨[5] - Plug 在低温销售方面持续扩张，包括国内和国际的客户协议[9] 资金管理和项目合作 - 现金管理方面取得进展，运营活动和资本支出净现金使用量同比下降38%，年比下降42%[2] - Plug 正在推进来自美国能源部的待定贷款担保，并等待条件承诺批准公告[6] - Plug 通过与项目合作伙伴在 DOE 的高度竞争过程中获得了高达1.63亿美元的资助，用于清洁氢电解、制造和回收项目[7] - Plug 在电解器基本工程设计包（BEDP）方面持续增长，总合同金额约为4.5千兆瓦[8]

Plug Power's management touts its long-term potential, but some analysts are starting to worry. If you listen to Plug Power's (PLUG -4.54%) management team, there's a ton of long-term upside to the company's business. Trillions of dollars are being invested into renewable technologies right now, including hydrogen fuel cells, which Plug Power specializes in. There's a case to be made that the company is primed to ride a tidal wave of investor interest. Analysts at Goldman Sachs aren't so sure. In fact, acco ...

Hydrogen fuel cell specialist Plug Power (NASDAQ:PLUG) is set to release its fiscal first-quarter earnings report prior to the opening bell on May 9. Analysts anticipate a revenue bump from the company’s multiple deals. However, downward revisions for earnings per share pose concerns for PLUG stock, which has slipped 5% ahead of the critical disclosure. Overall, Wall Street is looking for a loss per share of 33 cents on revenue of $157.58 million. In the year-ago quarter, the company posted a loss of 35 cen ...

Plug Power Inc. (PLUG) is scheduled to release first-quarter 2024 results on May 9, before market open. The company has a bleak earnings surprise history, having missed the Zacks Consensus Estimate in each of the preceding four quarters. The negative earnings surprise was 48.2%, on average. Let’s see how things have shaped up for Plug Power this earnings season. Factors to Note Revenues from fuel delivered to customers and related equipment are expected to have benefited from an increase in the number of si ...

Plug Power (NASDAQ:PLUG) stock, once a frontrunner in the hydrogen fuel cell industry, has experienced a significant decline in its share price in recent years. The company has declined in value by 47% YTD, while also declining by more than 90% in the last 3 years. Despite investor enthusiasm, the company faces headwinds that may impact the share price. Key factors include financial conditions, infrastructure slowdown, and growing operating losses. Investors should sell the stock ASAP due to anticipated pai ...