Plug Power CFO, Paul Middleton, Underscores Confidence in Financial Strength and Strategic Growth with Share Purchase
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Plug Power CFO, Paul Middleton, Underscores Confidence in Financial Strength and Strategic Growth with Share Purchase
This announcement follows Plug’s Q1 2025 earnings results, which demonstrated continued progress toward its strategic and financial goals. Plug delivered revenue of $133.7 million, while net cash used in operating and investing activities declined to $152.1 million. The company also expanded hydrogen production capacity to 40 tons per day across three operational plants and secured meaningful growth in its electrolyzer and fuel cell businesses. With employees and state-of-the-art manufacturing facilities across the globe, Plug powers global leaders like Walmart, Amazon, Home Depot, BMW, and BP. This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements should not be read as a guarantee of future performance or results as such statements are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking Statements.
Source: Finance.yahoo.com | Read full article
Plug Power CFO Buys 350,000 Shares, Signals Strong Company Outlook
Plug Power CFO, Paul Middleton, Underscores Confidence in Financial Strength and Strategic Growth with Share Purchase. On May 16, 2025, Middleton acquired 350,000 shares at an average price of $0.71 54 per share, for a total investment of approximately $250,000. “I remain confident in Plug’s long-term strategy and the opportunities ahead as we continue to execute our vision in the hydrogen economy,” said Middleton. The transaction was disclosed in a Form 4 filing submitted to the U.S. Securities and Exchange Commission on May 19, 2025. Plug is building the global hydrogen economy with a fully integrated ecosystem spanning production, storage, delivery, and power generation. With employees and state-of-the-art manufacturing facilities across the globe, Plug powers global leaders like Walmart, Amazon, Home Depot, BMW, and BP. The company has deployed over 72,000 fuel cell systems and 275 fueling stations and is the largest user of liquid hydrogen.
Source: Stocktitan.net | Read full article
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Source: https://finance.yahoo.com/news/plug-power-cfo-paul-middleton-122500037.html