NASDAQ$PLUG

Plug Power Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Achieved record gross billings and deployed over 2,400 fuel cell units.

Plug Power reported its best quarter and year in the company's history in Q4 2019, setting the stage for meaningful growth in 2020 and beyond. The company achieved record gross billings of $94.5 million in the fourth quarter of 2019 and deployed over 2,400 fuel cell units.

  • Achieved record gross billings in Q4 2019 of $94.5 million.
  • Deployed over 2,400 fuel cell units in Q4 2019.
  • Executed a publicly marketed follow-on equity offering raising $126.5 million.
  • Set guidance to achieve $300 million in gross billings in 2020.

Headline financials

Total Revenue

$91.7M

Previous: $59.8M+53.2%
EPS (adj)

-$0.06

Previous: -$0.07+14.3%
Capital Expenditures

$1.05M

Previous: $1.87M-44.1%
Free Cash Flow

-$769K

Previous: -$17.8M+95.7%
Net Income

-$11.7M

Previous: -$16.8M+30.3%
Operating Income

-$1M

Previous: -$12.9M+92.2%
Gross Profit

$19.3M

Previous: $4.51M+328.7%
Cash & Equivalents

$139M

Previous: $38.6M+261.4%
Total Assets

$660M

Previous: $390M+69.0%
Stock-Based Comp

$2.96M

Previous: $2.38M+24.4%

Revenue & EPS history

Plug Power · Revenue · Quarterly

$91.7M

Q4 2019+53.2%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Plug Power has set guidance to achieve $300 million in gross billings in 2020.

Tailwinds

  • More than 25% gross billings growth year over year.
  • Pipeline provides over 90% visibility to the deployment target for 2020.
  • Increase in multi-site orders from pedestal customers.
  • Growing adoption rates in existing and expansion markets.
  • Strategic focus in 2020 includes leveraging the ProGen platform to expand into on-road and large-scale stationary markets.

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 Q4 2019

Historical avgQ4 2019

-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

Earnings price reactions
QuarterReport dateReaction (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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