Plug Power Inc (XTER:PLUN)
€ 2.44 0.25 (11.42%) Market Cap: 2.12 Bil Enterprise Value: 2.92 Bil PE Ratio: 0 PB Ratio: 0.71 GF Score: 42/100
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Plug Power Inc Business Update Call on Recent Acquisition and Vertical Integration Activity in its Hydrogen Business Transcript

Jun 23, 2020 / 05:00PM GMT
Release Date Price: €6.1 (+24.35%)
Operator

Greetings, and welcome to the Plug Power business update. (Operator Instructions) Please note that this conference is being recorded. I will now turn the conference over to our host, Andrew Marsh, Chief Executive Officer. Thank you, sir. You may begin.

Andrew J. Marsh
Plug Power Inc. - President, CEO & Director

Well, good afternoon, everyone. It's a pleasure to speak with you all today. This gives investors an opportunity to learn more about Plug Power's plans to execute and really demonstrate Plug Power's plans to execute on our hydrogen strategy.

I just want to remind those listening on the phone that all the statements today are covered by the forward-looking statement, which is shown here on Slide 2.

Now let's get into the meat of the presentation. In September 2019, Plug Power laid out our 5-year plan and vision for expansion of our business. And part of that plan included the generation of at least half of the hydrogen our customers use. As many of you know, Plug Power's business model has been to buy and resell hydrogen. During

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