On July 18, 2024, Plug Power Inc. reported preliminary financial results for the quarter ended June 30, 2024, disclosing approximately $62.4 million in cash and cash equivalents and $956.5 million in restricted cash. The company emphasized that these figures are preliminary and subject to change upon completion of quarter-end closing procedures. Plug Power also filed a preliminary prospectus supplement with the SEC for a proposed underwritten public offering of common stock. The company outlined its business strategy, focusing on revenue growth and gross margin expansion through initiatives such as green hydrogen production, diversification of new products, and expansion into new regions. Additionally, Plug Power has received a conditional commitment from the Department of Energy for a loan guarantee up to $1.66 billion to finance the development of green hydrogen production facilities. The company cautioned that these forward-looking statements are subject to risks and uncertainties and that actual results may differ materially.

On July 18, 2024, Plug Power Inc. reported preliminary financial results for the quarter ended June 30, 2024, disclosing approximately $62.4 million in cash and cash equivalents and $956.5 million in restricted cash. The company emphasized that these figures are preliminary and subject to change upon completion of quarter-end closing procedures. Plug Power also filed a preliminary prospectus supplement with the SEC for a proposed underwritten public offering of common stock. The company outlined its business strategy, focusing on revenue growth and gross margin expansion through initiatives such as green hydrogen production, diversification of new products, and expansion into new regions. Additionally, Plug Power has received a conditional commitment from the Department of Energy for a loan guarantee up to $1.66 billion to finance the development of green hydrogen production facilities. The company cautioned that these forward-looking statements are subject to risks and uncertainties and that actual results may differ materially.