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Dec 31, 2020
Plug Power Q4 2020 Earnings Report
Plug Power reported record gross billings and solidified its global leadership position in green hydrogen solutions through acquisitions and strategic partnerships.
Key Takeaways
Plug Power reported record gross billings of $96.3 million for the fourth quarter of 2020 and $337.4 million for the full year. The company deployed over 2,200 fuel cell units in the fourth quarter of 2020 and over 9,800 for the full year. The company reaffirmed the 2021 gross billings guidance of $475 million.
Achieved record gross billings of $96.3 million in Q4 2020 and $337.4 million for the full year.
Deployed over 2,200 fuel cell units in Q4 2020 and over 9,800 for the full year.
Announced multiple partnerships and executed strategic acquisitions, establishing a global platform as a green hydrogen solutions company.
Reaffirmed 2021 gross billings guidance of $475 million.
Plug Power
Plug Power
Forward Guidance
Plug Power reaffirmed its recently raised 2021 gross billings guidance of $475 million and plans to make significant CapEx and OpEx investments intended to support and accelerate the growth across all of its green hydrogen and fuel cell platforms.
Positive Outlook
- Strong visibility driven by order book.
- Expansion with pedestal customer in material handling.
- Increasing sales traction in electrolyzer business.
- Building the necessary foundation to be an industry leader in the $10T hydrogen economy.
- Set four major goals for 2021