Plug Power Files Q3 2024 10-Q
Ticker: PLUG · Form: 10-Q · Filed: 2024-11-12T00:00:00.000Z
Sentiment: neutral
Topics: earnings, sec-filing, quarterly-report, warrants
Related Tickers: AMZN
TL;DR
Plug Power's Q3 2024 10-Q is in, check the latest financials and Amazon deal details.
AI Summary
Plug Power Inc. reported its third-quarter 2024 results on November 12, 2024. The company's filing details its financial performance and operational updates for the period ending September 30, 2024. Specific financial figures and agreements, such as the Amazon Transaction Agreement, are referenced, indicating ongoing business activities and potential future impacts.
Why It Matters
This filing provides investors and stakeholders with the latest financial and operational details for Plug Power, crucial for understanding the company's current standing and future prospects in the hydrogen fuel cell market.
Risk Assessment
Risk Level: medium — The company operates in a rapidly evolving and capital-intensive industry, facing significant competition and technological risks.
Key Numbers
- 20240930 — Q3 End Date (Reporting period for the 10-Q filing.)
- 20241112 — Filing Date (Date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- PLUG POWER INC (company) — Filer
- 20240930 (date) — Conformed Period of Report
- 20241112 (date) — Filed as of Date
- Amazon Transaction Agreement (company) — Key Agreement Mentioned
FAQ
What is the primary purpose of this 10-Q filing for Plug Power Inc.?
This 10-Q filing provides Plug Power Inc.'s quarterly financial and operational results for the period ending September 30, 2024.
When was this 10-Q filing submitted to the SEC?
The 10-Q filing was submitted on November 12, 2024.
What specific agreement is referenced in relation to valuation techniques?
The Amazon Transaction Agreement is referenced in relation to valuation techniques, specifically concerning warrants issued.
What are some of the inputs mentioned for warrant valuation?
Inputs mentioned for warrant valuation include Share Price, Risk-Free Interest Rate, Price Volatility, and Exercise Price.
What is Plug Power Inc.'s Standard Industrial Classification (SIC) code?
Plug Power Inc.'s SIC code is 3620, which corresponds to ELECTRICAL INDUSTRIAL APPARATUS.
From the Filing
0001558370-24-015312.txt : 20241112 0001558370-24-015312.hdr.sgml : 20241112 20241112160547 ACCESSION NUMBER: 0001558370-24-015312 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 117 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241112 DATE AS OF CHANGE: 20241112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PLUG POWER INC CENTRAL INDEX KEY: 0001093691 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 223672377 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34392 FILM NUMBER: 241447990 BUSINESS ADDRESS: STREET 1: 125 VISTA BOULEVARD CITY: SLINGERLANDS STATE: NY ZIP: 12159 BUSINESS PHONE: 5187827700 MAIL ADDRESS: STREET 1: 125 VISTA BOULEVARD CITY: SLINGERLANDS STATE: NY ZIP: 12159 10-Q 1 plug-20240930x10q.htm 10-Q UNITED STATES 0001093691 --12-31 2024 Q3 false NY P10Y P4Y P1D P3D P7Y http://www.plugpoweinc.com/20240930#ValuationTechniqueScenarioBasedMethodMember http://www.plugpoweinc.com/20240930#ValuationTechniqueScenarioBasedMethodMember P1Y 1 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputSharePriceMember plug:WarrantIssuedTrancheFourMember 2024-09-30 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputRiskFreeInterestRateMember plug:WarrantIssuedTrancheFourMember 2024-09-30 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputPriceVolatilityMember plug:WarrantIssuedTrancheFourMember 2024-09-30 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputExercisePriceMember plug:WarrantIssuedTrancheFourMember 2024-09-30 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputSharePriceMember plug:WarrantsTranchesOneThroughThreeMember 2022-08-24 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputRiskFreeInterestRateMember plug:WarrantsTranchesOneThroughThreeMember 2022-08-24 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputPriceVolatilityMember plug:WarrantsTranchesOneThroughThreeMember 2022-08-24 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputExercisePriceMember plug:WarrantsTranchesOneThroughThreeMember 2022-08-24 0001093691 us-gaap:TreasuryStockCommonMember 2024-07-01 2024-09-30 0001093691 us-gaap:TreasuryStockCommonMember 2024-04-01 2024-06-30 0001093691 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001093691 us-gaap:TreasuryStockCommonMember 2023-07-01 2023-09-30 0001093691 us-gaap:TreasuryStockCommonMember 2023-04-01 2023-06-30 0001093691 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-03-31 0001093691 srt:MaximumMember plug:AtMarketIssuanceSalesAgreementMember 2024-01-17 2024-01-17 0001093691 plug:FivePointFivePercentOfConvertibleSeniorNotesMember us-gaap:ForwardContractsMember 2018-03-01 2018-03-31 0001093691 us-gaap:RetainedEarningsMember 2024-09-30 0001093691 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2024-09-30 0001093691 us-gaap:AdditionalPaidInCapitalMember 2024-09-30 0001093691 us-gaap:RetainedEarningsMember 2024-06-30 0001093691 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2024-06-30 0001093691 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001093691 us-gaap:RetainedEarningsMember 2024-03-31 0001093691 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2024-03-31 0001093691 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001093691 us-gaap:RetainedEarningsMember 2023-12-31 0001093691 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2023-12-31 0001093691 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001093691 us-gaap:RetainedEarningsMember 2023-09-30 0001093691 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2023-09-30 0001093691 us-gaap:AdditionalPaidInCapitalMember 2023-09-30 0001093691 us-gaap:RetainedEarningsMembe