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Plug Power Inc  (PLUG)
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Plug Power Inc's

Competitiveness


 

PLUG Sales vs. its Competitors Q3 2023



Comparing the current results to its competitors, Plug Power Inc reported Revenue increase in the 3 quarter 2023 by 5.35 % year on year, while most of its competitors have experienced contraction in revenues by -1.66 %, achieved in the same quarter.

List of PLUG Competitors





Revenue Growth Comparisons




Net Income Comparison


Plug Power Inc, faster than the decline experienced by the competitors recorded a net loss, as well as most of its competitors.

<<  PLUG Stock Performance Comparisons


Plug Power Inc's Comment on Competitors and Industry Peers


We are confronted by aggressive competition in all areas of our business. The markets we address for motive power are characterized by the presence of well-established battery and combustion generator products. Over the past several years, there has been price competition in these markets. In addition to overall pricing, the principal competitive factors in the markets in which we operate include product features, including size and weight, relative price and performance, product quality and reliability, design innovation, marketing and distribution capability, service and support and corporate reputation.

In the material handling market, we believe our GenDrive products have an advantage over lead-acid batteries for customers who run high-throughput distribution centers and manufacturing locations with multi-shift operations by offering increased productivity with lower operational costs. However, we expect competition in this space to intensify as competitors attempt to imitate our approach with their own offerings. These competitors may have greater resources than we currently have.





  

Overall company Market Share Q3 2023

With revenue growth of 5.35 % within Overall company, Plug Power Inc achieved improvement in market share, within Overall company to approximately 64.36 %.
<<  More on PLUG Market Share.
 
*Market share is calculated based on total revenue.

  News about Plug Power Inc Contracts

Plug Power Strengthens Major U.S. Automaker's Operations with Hydrogen and Fuel Cell Solutions

One of the largest automotive manufacturing facilities in the United States, sprawling over 6 square miles, is set to undergo a significant transformation in its material handling operations. Plug Power Inc has recently finalized a contract to support this major U.S. automobile manufacturer in transitioning to Plug's advanced hydrogen and fuel cell solutions. This groundbreaking partnership marks an important step towards achieving sustainable and eco-friendly practices within the automotive sector.As the demand for clean energy solutions continues to grow, Plug Power's hydrogen and fuel cell technologies have emerged as a leading choice for companies seeking to reduce their carbon emissions. With this recen...

Plug Power Inc Leaps Ahead, Filling Cryogenic Trailers for Customer Deliveries while Outperforming Competitors in Revenue Growth

Plug Cryogenic Trailers Leave Tennessee Hydrogen Production Plant for Customer DeliveriesPlug Power Inc, a leading provider of sustainable hydrogen solutions, has announced that its cryogenic trailers have been filled with liquid hydrogen and are ready for delivery at east coast pedestal customer sites. This comes just two days after the commencement of operations at their hydrogen production plant in Tennessee.The company, known for its innovative fuel cell technology, has been ramping up its efforts to meet the growing demand for clean energy solutions. With their state-of-the-art production plant now operational, Plug Power is making significant strides towards providing accessible and sustainable hydroge...

Plug Power Fires Up European Renewable Sector with its 500MW Electrolyzer, Solidifying its Lead Despite Drops in Market Share

Leading renewable energy company, Plug Power Inc, has once again demonstrated its position at the forefront of the clean energy revolution. The company recently secured a contract for a 500MW Electrolyzer in Europe, bringing its total of Basic Engineering and Design Package (BEDP) contracts to an impressive 4.1GW. This significant achievement comes despite the trend of revenue contraction among many of the company's competitors, underscoring Plug Power Inc's resilience and innovative approach to achieving a sustainable future.The third quarter of 2023 threw a curveball at the renewable energy sector as many companies experienced revenue contraction by -1.66%. Despite the difficulties prevalent in the industr...





Who are Plug Power Inc's Competitors?




Tritium Dcfc Limited
Share Performance



-20.83%
Over The Past 5 Days



Tritium Dcfc Limited
Profile

Tritium DCFC Limited operates on a business model focused on delivering high-quality direct current (DC) fast charging solutions for electric vehicles.

More about Tritium Dcfc Limited's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 8.858 mill. $ 184.544 mill. $ -121.370 mill.


Chargepoint Holdings Inc
Share Performance



-29.84%
This Quarter



Chargepoint Holdings Inc
Profile

Chargepoint Holdings Inc operates a business model focused on the deployment and operation of electric vehicle charging stations. They provide charging hardware, software, and services to various organizations and individuals, enabling them to easily charge their electric vehicles. Chargepoint generates revenue through equipment sales, network subscriptions, and service fees, making it a prominent player in the growing electric vehicle charging infrastructure industry.

More about Chargepoint Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 654.558 mill. $ 543.037 mill. $ -441.524 mill.



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