Plug Power Inc
NASDAQ:PLUG
Operating Margin
Plug Power Inc
Operating Margin represents how efficiently a company is able to generate profit through its core operations.
Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.
Operating Margin Across Competitors
| Country | Company | Market Cap |
Operating Margin |
||
|---|---|---|---|---|---|
| US |
|
Plug Power Inc
NASDAQ:PLUG
|
2.1B USD |
-151%
|
|
| CN |
|
Contemporary Amperex Technology Co Ltd
SZSE:300750
|
1.3T CNY |
15%
|
|
| FR |
|
Schneider Electric SE
PAR:SU
|
132.5B EUR |
17%
|
|
| IE |
|
Eaton Corporation PLC
NYSE:ETN
|
148.8B USD |
19%
|
|
| CH |
|
Abb Ltd
SIX:ABBN
|
96.3B CHF |
17%
|
|
| US |
|
Emerson Electric Co
NYSE:EMR
|
82.6B USD |
17%
|
|
| KR |
|
LG Energy Solution Ltd
KRX:373220
|
78.7T KRW |
3%
|
|
| US |
|
Vertiv Holdings Co
NYSE:VRT
|
49.6B USD |
17%
|
|
| US |
|
AMETEK Inc
NYSE:AME
|
41.9B USD |
26%
|
|
| US |
|
Rockwell Automation Inc
NYSE:ROK
|
40.3B USD |
15%
|
|
| FR |
|
Legrand SA
PAR:LR
|
32.4B EUR |
19%
|
Plug Power Inc
Glance View
In the heart of the green energy revolution, Plug Power Inc. has carved out a niche as a pioneer and leader in hydrogen fuel cell technology. Founded in 1997, the company initially faced skepticism about hydrogen’s viability but persisted in developing robust solutions that harness the power of this abundantly available element. Plug Power's primary focus is on producing fuel cells that replace conventional batteries in equipment and vehicles powered by electricity. These fuel cells use hydrogen in an electrochemical process to create energy, where hydrogen combines with oxygen to produce electricity, with water as the only byproduct. This innovation is a game-changer in the push towards sustainable industrial applications, offering a cleaner alternative to fossil fuels without sacrificing performance. The company monetizes its expertise by selling a comprehensive array of products, notably its GenDrive hydrogen fuel cell system, which powers equipment like forklifts and airport tugs used by major retailers such as Amazon and Walmart. Beyond product sales, Plug Power has developed a business model that includes generating revenue from hydrogen production and supply, infrastructure deployment, and fuel services. By creating an end-to-end ecosystem for hydrogen deployment, the company ensures a steady income stream through long-term supply and service agreements. This holistic approach not only solidifies its revenue base but positions Plug Power as a critical player in the wider transition toward hydrogen as a mainstream energy source, contributing to its narrative as a transformative force in the ongoing evolution of energy consumption and production.
See Also
Operating Margin represents how efficiently a company is able to generate profit through its core operations.
Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.
Based on Plug Power Inc's most recent financial statements, the company has Operating Margin of -151%.
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