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Plug Power (GB:0R1J)
LSE:0R1J
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Plug Power (0R1J) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 27, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
-$0.23
Last Year’s EPS
-$1.08
Same Quarter Last Year
Based on 18 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Nov 12, 2024
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% Change Since: 816.96%
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Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in electrolyzer deployment, revenue, and gross margins, as well as strategic partnerships and financial flexibility from a new convertible deal. However, concerns about DOE loan timing, operational challenges, and regulatory uncertainty presented notable risks.
Company Guidance
During the Plug Power Q3 2024 earnings call, the executives provided guidance indicating a strong focus on expanding their hydrogen production capacity and improving financial resilience. The company reported Q3 revenue of $173.7 million, with a significant 37% quarter-over-quarter increase in gross margins due to gains in equipment, service, and fuel businesses. Plug Power plans to deploy the world's largest PEM electrolyzer systems with Galp in April 2025 and is progressing on a 25 MW order with Iberdrola and BP. The company also highlighted a $200 million convertible deal with Yorkville Capital to minimize shareholder dilution. Looking ahead, Plug Power is optimizing operations to further reduce cash burn, which decreased by 27% in Q3, and anticipates further improvements in cash flow and sales growth. Additionally, they are targeting a $200-$250 million reduction in inventory to enhance liquidity and are working with the DOE to finalize a $1.7 billion loan facility.
Record Deployment of PEM Electrolyzers
Plug Power deployed 70 megawatts of PEM electrolyzers in Q3 2024, making it the largest single deployer worldwide.
Revenue and Margin Growth
Q3 2024 revenue reached $173.7 million, with a 37% quarter-over-quarter increase in gross margins.
Strategic Expansion and Partnerships
Plug Power expanded its hydrogen infrastructure in the U.S. and secured partnerships with major companies like Galp, Iberdrola, and BP for large-scale electrolyzer deployments.
Convertible Deal with Yorkville Capital
Plug Power announced a $200 million convertible deal with Yorkville Capital, providing financial flexibility with a 46% premium conversion price.
Reduction in Cash Burn
Plug Power reduced its cash burn by 27% compared to the previous quarter, highlighting improved cash management.
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Plug Power (GB:0R1J) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

GB:0R1J Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 27, 20252024 (Q4)
-0.23 / -
-1.08
Nov 12, 20242024 (Q3)
-0.24 / -0.25
-0.4746.81% (+0.22)
Aug 08, 20242024 (Q2)
-0.31 / -0.36
-0.410.00% (+0.04)
May 09, 20242024 (Q1)
-0.33 / -0.46
-0.35-31.43% (-0.11)
Mar 01, 20242023 (Q4)
-0.37 / -1.08
-0.38-184.21% (-0.70)
Nov 09, 20232023 (Q3)
-0.30 / -0.47
-0.3-56.67% (-0.17)
Aug 09, 20232023 (Q2)
-0.27 / -0.40
-0.3-33.33% (-0.10)
May 09, 20232023 (Q1)
-0.27 / -0.35
-0.27-29.63% (-0.08)
Mar 01, 20232022 (Q4)
-0.25 / -0.38
-0.33-15.15% (-0.05)
Nov 08, 20222022 (Q3)
-0.24 / -0.30
-0.19-57.89% (-0.11)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:0R1J Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 12, 2024$1.98$1.86-5.82%
Aug 08, 2024$2.11$2.10-0.38%
May 09, 2024$2.54$2.78+9.45%
Mar 01, 2024$3.63$3.74+3.03%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does Plug Power (GB:0R1J) report earnings?
Plug Power (GB:0R1J) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
    What is Plug Power (GB:0R1J) earnings time?
    Plug Power (GB:0R1J) earnings time is at Feb 27, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is the P/E ratio of Plug Power stock?
          The P/E ratio of Plug Power is N/A.
            What is GB:0R1J EPS forecast?
            GB:0R1J EPS forecast for the fiscal quarter 2024 (Q4) is -$0.23.
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