NASDAQ$PLUG
Plug Power Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Plug Power achieved a record third quarter with gross billings of $125.6M, the highest quarter in the company's 22-year history.
Plug Power reported a record third quarter with gross billings of $125.6M, a 106% increase year-over-year and 73.4% sequentially. The company is raising its 2020 full-year gross billings guidance to $325M-$330M.
- Achieved record third quarter gross billings of $125.6M, a 106% increase year-over-year.
- Deployed a record 4,100 fuel cell systems and 13 hydrogen fueling stations in Q3 2020.
- Raised 2020 full-year gross billings guidance to $325M-$330M.
- Proforma Adjusted EBITDA margin in Q3 2020 of 19%.
Headline financials
Revenue & EPS history
Plug Power · Revenue · Quarterly
$107M
Forward guidance
Plug Power is raising the 2020 full-year gross billings guidance to $325M-$330M from $310M and reaffirming the 2021 gross billing guidance of $450 million.
Tailwinds
- Raising the 2020 full-year gross billings guidance to $325M-$330M.
- Reaffirming 2021 gross billing guidance of $450 million.
- Proforma Adjusted EBITDA margin in Q3 2020 of 19%.
- Building 5 green hydrogen plants in the US with expected completion by 2024.
- Gigafactory will have more than 1.5 gigawatts of capacity.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2020
-2.3%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+0.2%
Avg return
30 days after
38%
24 / 64 earnings
Positive
+23.7%
Q3 2013
Best reaction
-41.4%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +21.2% | +21.5% | — | |
| Q4 2025 | +2.6% | +17.7% | +33.1% | |
| Q3 2025 | -1.6% | -12.1% | -7.8% | |
| Q1 2025 | -10.0% | -14.4% | +44.4% | |
| Q4 2024 | -6.8% | +10.6% | -18.0% | |
| Q3 2024 | -1.0% | -6.0% | +20.6% | |
| Q2 2024 | -5.3% | +2.9% | -22.6% | |
| Q1 2024 | +1.6% | +36.5% | +15.1% | |
| Q4 2023 | +9.3% | +13.9% | -2.5% | |
| Q3 2023 | -41.4% | -29.7% | -33.4% | |
| Q2 2023 | -17.0% | -14.8% | -27.0% | |
| Q1 2023 | -15.7% | -19.5% | +2.5% | |
| Q4 2022 | -10.4% | -8.1% | -21.2% | |
| Q3 2022 | -2.5% | +19.4% | -8.0% | |
| Q2 2022 | +12.3% | +15.3% | +13.7% | |
| Q1 2022 | -19.1% | -22.6% | -4.5% | |
| Q4 2021 | -0.1% | -8.8% | +13.1% | |
| Q3 2021 | -1.9% | +5.4% | -15.9% | |
| Q2 2021 | +0.0% | +12.4% | +2.0% | |
| Q1 2021 | +13.3% | +6.7% | -8.4% | |
| Q4 2020 | -3.5% | -2.8% | -32.2% | |
| Q3 2020 | +6.1% | +24.2% | +41.8% | |
| Q2 2020 | +20.9% | +21.2% | +26.0% | |
| Q1 2020 | +9.1% | +2.6% | +17.0% | |
| Q4 2019 | -9.0% | -13.0% | -29.6% | |
| Q3 2019 | -4.2% | +7.7% | +10.5% | |
| Q2 2019 | -1.4% | -1.9% | +1.9% | |
| Q1 2019 | -6.5% | -9.7% | +3.2% | |
| Q4 2018 | +7.7% | +21.5% | +45.3% | |
| Q3 2018 | -3.1% | -6.2% | -18.7% | |
| Q2 2018 | -5.4% | -6.4% | -5.0% | |
| Q1 2018 | +9.8% | +19.0% | +1.1% | |
| Q4 2017 | +0.5% | +10.6% | -4.3% | |
| Q3 2017 | -18.0% | -20.9% | -21.2% | |
| Q2 2017 | -10.1% | -13.4% | -8.8% | |
| Q1 2017 | -5.1% | -8.4% | -5.3% | |
| Q4 2016 | -4.7% | -10.8% | +13.3% | |
| Q3 2016 | -11.3% | +3.5% | +9.9% | |
| Q2 2016 | -0.6% | +0.0% | -12.2% | |
| Q1 2016 | -4.1% | — | — | |
| Q4 2015 | +7.4% | — | — | |
| Q3 2015 | -31.0% | — | — | |
| Q2 2015 | -13.7% | — | — | |
| Q1 2015 | +8.2% | — | — | |
| Q4 2014 | -5.8% | — | — | |
| Q3 2014 | -20.1% | — | — | |
| Q2 2014 | +1.0% | — | — | |
| Q1 2014 | -1.5% | — | — | |
| Q4 2013 | -1.3% | — | — | |
| Q3 2013 | +23.7% | — | — | |
| Q2 2013 | -13.8% | — | — | |
| Q1 2013 | -8.4% | — | — | |
| Q4 2012 | -11.2% | — | — | |
| Q3 2012 | +4.2% | — | — | |
| Q2 2012 | -15.7% | — | — | |
| Q1 2012 | -4.7% | — | — | |
| Q4 2011 | -5.2% | — | — | |
| Q3 2011 | +13.4% | — | — | |
| Q2 2011 | +20.0% | — | — | |
| Q1 2011 | +2.1% | — | — | |
| Q4 2010 | +1.3% | — | — | |
| Q3 2010 | +1.9% | — | — | |
| Q2 2010 | +8.9% | — | — | |
| Q1 2010 | -4.3% | — | — |
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