Plug Power Rings Nasdaq Bell, Marks 12.9% Revenue Growth to $710M
Plug Power reported a 12.9% year-over-year revenue increase to about $710 million in 2025, driven by higher equipment sales and global commercial momentum. GenEco electrolyzers generated a record $187 million in revenue last year and now sit within an $8 billion global sales funnel after delivering over 300 MW worldwide.
1. Nasdaq Closing Bell Celebration
Plug Power management and employees will ring the Nasdaq Closing Bell on March 6, 2026 to commemorate the company’s strong 2025 results and the official start of CEO Jose Luis Crespo’s tenure.
2. 2025 Financial Highlights
For the full year 2025, Plug Power achieved approximately $710 million in revenue, up 12.9% from 2024, with equipment sales driving most of the growth. GenEco electrolyzers contributed $187 million and have amassed an $8 billion global sales funnel, while over 300 MW of electrolyzers have been deployed across six continents.
3. Leadership Transition
Jose Luis Crespo assumed the CEO role on March 2, 2026 after serving as President and Chief Revenue Officer, where he led global sales strategy and built a multi-billion-dollar pipeline and strategic enterprise relationships.