$PLUG
PLUG POWER INC Stock $plug

$plug Overview Financials Valuation SEC Filings Company Website

2020 Q4 Form 10-Q Financial Statement

#000155837020013381 Filed on November 09, 2020

Income Statement

Concept	2020 Q4	2020 Q3	2019 Q3
Revenue	$309.1M	$107.0M	$59.46M
YoY Change	237.42%	80.03%	11.77%
Cost Of Revenue	$159.6M	$135.6M	$54.89M
YoY Change	90.31%	147.09%	12.48%
Gross Profit	-$431.1M	-$28.58M	$4.500M
YoY Change	-5665.63%	-735.2%	2.27%
Gross Profit Margin	-139.47%	-26.7%	7.57%
Selling, General & Admin	$32.40M	$17.21M	$10.40M
YoY Change	224.88%	65.56%	19.48%
% of Gross Profit			231.0%
Research & Development		$7.386M	$3.563M
YoY Change		107.3%	-57.58%
% of Gross Profit			79.18%
Depreciation & Amortization	$4.870M	$4.230M	$3.620M
YoY Change	53.14%	16.85%	22.3%
% of Gross Profit			80.44%
Operating Expenses	$46.66M	$25.73M	$13.96M
YoY Change	214.1%	84.31%	-17.89%
Operating Profit	-$477.8M	-$54.31M	-$9.458M
YoY Change	6620.69%	474.22%	-24.94%
Interest Expense	-$18.50M	$17.25M	-$7.500M
YoY Change	62.28%	-329.97%	63.04%
% of Operating Profit
Other Income/Expense, Net	$1.100M	-$17.55M	-$8.273M
YoY Change	-110.0%	112.15%
Pretax Income	-$517.3M	-$71.86M	-$17.82M
YoY Change	2768.15%	303.22%	3.02%
Income Tax	-$6.700M	-$6.600M	$0.00
% Of Pretax Income
Net Earnings	-$510.6M	-$65.22M	-$17.82M
YoY Change	2731.0%	265.94%	14.24%
Net Earnings / Revenue	-165.19%	-60.92%	-29.97%
Basic Earnings Per Share
Diluted Earnings Per Share	-$1.198M	-$175.7K	-$76.44K
COMMON SHARES
Basic Shares Outstanding	415.6M	365.8M
Diluted Shares Outstanding

Balance Sheet

Concept	2020 Q4	2020 Q3	2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.312B	$448.1M	$43.30M
YoY Change	840.79%	934.87%	213.77%
Cash & Equivalents	$1.312B	$448.1M	$43.28M
Short-Term Investments
Other Short-Term Assets	$108.3M	$82.40M	$48.50M
YoY Change	42.5%	69.9%	52.04%
Inventory	$139.4M	$134.2M	$80.60M
Prepaid Expenses
Receivables	$43.00M	$113.1M	$24.40M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.603B	$778.3M	$197.1M
YoY Change	411.13%	294.79%	59.24%
LONG-TERM ASSETS
Property, Plant & Equipment	$74.55M	$374.3M	$217.0M
YoY Change	-49.53%	72.49%	51.54%
Goodwill	$72.40M	$71.82M	$8.606M
YoY Change	722.73%	734.56%
Intangibles	$39.25M	$39.57M	$5.113M
YoY Change	608.63%	673.89%
Long-Term Investments
YoY Change
Other Assets	$263.4M	$237.2M	$128.5M
YoY Change	43.31%	84.59%	228.64%
Total Long-Term Assets	$648.1M	$577.8M	$273.2M
YoY Change	87.39%	111.52%	39.73%
TOTAL ASSETS
Total Short-Term Assets	$1.603B	$778.3M	$197.1M
Total Long-Term Assets	$648.1M	$577.8M	$273.2M
Total Assets	$2.251B	$1.356B	$470.3M
YoY Change	241.36%	188.34%	47.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$50.20M	$58.79M	$36.85M
YoY Change	24.33%	59.54%	-0.67%
Accrued Expenses	$46.08M	$37.95M	$9.457M
YoY Change	219.82%	301.27%	9.97%
Deferred Revenue	$23.28M	$17.23M	$11.48M
YoY Change	99.08%	50.05%
Short-Term Debt	$25.40M	$0.00	$0.00
YoY Change
Long-Term Debt Due	$25.39M	$74.83M	$17.20M
YoY Change	-4.05%	335.0%	-71.43%
Total Short-Term Liabilities	$222.4M	$252.2M	$112.8M
YoY Change	65.99%	123.58%	-3.67%
LONG-TERM LIABILITIES
Long-Term Debt	$389.0M	$225.5M	$186.6M
YoY Change	22.48%	20.85%	18.55%
Other Long-Term Liabilities	$40.45M	$45.17M	$2.834M
YoY Change	1335.31%	1493.86%	-90.43%
Total Long-Term Liabilities	$40.45M	$45.17M	$2.834M
YoY Change	1335.31%	1493.86%	-98.48%
TOTAL LIABILITIES
Total Short-Term Liabilities	$222.4M	$252.2M	$112.8M
Total Long-Term Liabilities	$40.45M	$45.17M	$2.834M
Total Liabilities	$784.4M	$769.8M	$463.1M
YoY Change	48.42%	66.24%	52.23%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.946B	-$1.462B	-$1.332B
YoY Change	44.15%	9.77%
Common Stock	$4.740M	$4.061M	$2.540M
YoY Change	48.78%	59.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$40.43M	$40.43M	$31.22M
YoY Change	29.53%	29.53%
Treasury Stock Shares	$15.93M	$15.93M
Shareholders Equity	$1.467B	$586.3M	-$19.23M
YoY Change
Total Liabilities & Shareholders Equity	$2.251B	$1.356B	$470.3M
YoY Change	241.36%	188.34%	47.29%

Cashflow Statement

Concept	2020 Q4	2020 Q3	2019 Q3
OPERATING ACTIVITIES
Net Income	-$510.6M	-$65.22M	-$17.82M
YoY Change	2731.0%	265.94%	14.24%
Depreciation, Depletion And Amortization	$4.870M	$4.230M	$3.620M
YoY Change	53.14%	16.85%	22.3%
Cash From Operating Activities	$1.030M	-$44.62M	-$3.310M
YoY Change	-167.76%	1248.04%	-193.5%
INVESTING ACTIVITIES
Capital Expenditures	-$23.62M	-$15.33M	-$2.660M
YoY Change	348.2%	476.32%	127.35%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$180.0K	$0.00
YoY Change
Cash From Investing Activities	-$23.61M	-$15.17M	-$2.650M
YoY Change	348.01%	472.45%	126.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$927.3M	$344.4M
YoY Change	670.18%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	925.4M	408.0M	69.03M
YoY Change	420.12%	490.99%	1512.85%
NET CHANGE
Cash From Operating Activities	1.030M	-44.62M	-3.310M
Cash From Investing Activities	-23.61M	-15.17M	-2.650M
Cash From Financing Activities	925.4M	408.0M	69.03M
Net Change In Cash	902.8M	348.2M	63.07M
YoY Change	427.57%	452.04%	848.42%
FREE CASH FLOW
Cash From Operating Activities	$1.030M	-$44.62M	-$3.310M
Capital Expenditures	-$23.62M	-$15.33M	-$2.660M
Free Cash Flow	$24.65M	-$29.29M	-$650.0K
YoY Change	557.33%	4406.15%	-113.8%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
	dei	Entity Central Index Key EntityCentralIndexKey	0001093691
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2020
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Amendment Flag AmendmentFlag	false
CY2020Q3	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	plug:FinancingTransactionFinanceObligationAmountCurrent plug:FinancingTransactionFinanceObligationAmount
	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2020-09-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	1-34392
	dei	Entity Registrant Name EntityRegistrantName	PLUG POWER INC
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	22-3672377
	dei	Entity Address Address Line1 EntityAddressAddressLine1	968 ALBANY SHAKER ROAD
	dei	Entity Address City Or Town EntityAddressCityOrTown	LATHAM
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	12110
	dei	City Area Code CityAreaCode	518
	dei	Local Phone Number LocalPhoneNumber	782-7700
	dei	Security12b Title Security12bTitle	Common Stock, par value $0.01per share
	dei	Trading Symbol TradingSymbol	PLUG
	dei	Security Exchange Name SecurityExchangeName	NASDAQ
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	false
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
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CY2019Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	25448000
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CY2019Q4	us-gaap	Inventory Net InventoryNet	72391000
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CY2020Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	17280000
CY2019Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	8543000
CY2020Q3	us-gaap	Liabilities Current LiabilitiesCurrent	263851000
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CY2019Q4	us-gaap	Liabilities Liabilities	635355000
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CY2019Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	318637560
CY2020Q3	us-gaap	Common Stock Value CommonStockValue	4061000
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CY2019Q4	us-gaap	Treasury Stock Value TreasuryStockValue	31216000
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CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	134679000
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CY2019Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	771184000
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	us-gaap	Revenues Revenues	215872000
	us-gaap	Revenues Revenues	138575000
CY2020Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	108279000
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	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	216557000
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	123391000
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	us-gaap	Gross Profit GrossProfit	15184000
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	us-gaap	Operating Expenses OperatingExpenses	79081000
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CY2019Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-10081000
	us-gaap	Operating Income Loss OperatingIncomeLoss	-79766000
	us-gaap	Operating Income Loss OperatingIncomeLoss	-42501000
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CY2019Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-7972000
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	us-gaap	Net Income Loss NetIncomeLoss	-85514000
	us-gaap	Net Income Loss NetIncomeLoss	-67190000
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	us-gaap	Nature Of Operations NatureOfOperations	<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;"></span></p><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="font-family:'Times New Roman';font-size:9pt;font-weight:bold;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">1.</td><td style="padding:0pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;text-align:justify;">Nature of Operations </b></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Description of Business</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">As a leading provider of comprehensive hydrogen fuel cell turnkey solutions, Plug Power Inc., or the Company, is seeking to build a green hydrogen economy. The Company is focused on hydrogen and fuel cell systems that are used to power electric motors primarily in the electric mobility and stationary power markets, given the ongoing paradigm shift in the power, energy, and transportation industries to address climate change, energy security, and meet sustainability goals. Plug Power created the first commercially viable market for hydrogen fuel cell, or the HFC technology. As a result, the Company has deployed over 38,000 fuel cell systems, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen network across North America. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">We are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. A fuel cell is an electrochemical device that combines hydrogen and oxygen to produce electricity and heat without combustion. Hydrogen is derived from multiple sources. The majority of liquid hydrogen in the United States is produced using the steam methane reforming process and utilizing by-product hydrogen from chlor alkali production. By-product hydrogen from a chlor alkali plant is considered to be low carbon hydrogen and in some cases, considered green hydrogen, depending on the source of electricity and geographic location. We source a significant amount of liquid hydrogen based on the chlor alkali process today. Additionally, we manufacture and sell fuel cell products to replace batteries and diesel generators in stationary backup power applications. These products have proven valuable with telecommunications, transportation and utility customers as robust, reliable and sustainable power solutions. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">We provide and continue to develop commercially-viable hydrogen and fuel cell solutions for industrial mobility applications (including electric forklifts and electric industrial vehicles) at multi-shift high volume manufacturing and high throughput distribution sites where we believe our products and services provide a unique combination of productivity, flexibility and environmental benefits. In June of 2020, Plug Power completed the acquisitions of United Hydrogen Group, Inc. and Giner ELX, Inc. in line with the Company’s hydrogen vertical integration strategy, with plans to have more than 50% of the hydrogen used by the Company to be green by 2024. These acquisitions further enhance Plug Power’s position in the hydrogen industry with capabilities in generation, liquefaction and distribution of hydrogen fuel complementing its industry-leading position in the design, construction, and operation of customer-facing hydrogen fueling stations. These acquisitions establish a pathway for Plug Power to transition from low-carbon to zero-carbon hydrogen solutions. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Our current products and services include:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 36pt;">GenDrive: GenDrive is our hydrogen fueled PEM fuel cell system providing power to material handling electric vehicles, including class 1, 2, 3 and 6 electric forklifts and ground support equipment;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">GenFuel: GenFuel is our hydrogen fueling delivery, generation, storage and dispensing system;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 36pt;">GenCare: GenCare is our ongoing ‘internet of things’-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products and ProGen fuel cell engines;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 36pt;">GenSure: GenSure is our stationary fuel cell solution providing scalable, modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 36pt;">GenKey: GenKey is our vertically integrated “turn-key” solution combining either GenDrive or GenSure fuel cell power with GenFuel fuel and GenCare aftermarket service, offering complete simplicity to customers transitioning to fuel cell power; and</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 36pt;">ProGen: ProGen is our fuel cell stack and engine technology currently used globally in mobility and stationary fuel cell systems, and as engines in electric delivery vans. This includes the Plug Power MEA (membrane electrode assembly), a critical component of the fuel cell stack used in zero-emission fuel cell electric vehicle engines, in which Plug Power is the largest producer in North America. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">We provide our products worldwide through our direct product sales force, and by leveraging relationships with original equipment manufacturers and their dealer networks. We manufacture our commercially-viable products in Latham, NY, Rochester, NY and Spokane, WA and support liquid hydrogen generation and logistics in Charleston, TN.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Liquidity </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Our cash requirements relate primarily to working capital needed to operate and grow our business, including funding operating expenses, growth in inventory to support both shipments of new units and servicing the installed base, growth in equipment leased to customers under long-term arrangements, funding the growth in our GenKey “turn-key” solution, which includes the installation of our customers’ hydrogen infrastructure as well as production and delivery of the hydrogen fuel, continued development and expansion of our products, payment of lease/financing obligations under sale/leaseback financings, and the repayment or refinancing of our long-term debt. Our ability to achieve profitability and meet future liquidity needs and capital requirements will depend upon numerous factors, including the timing and quantity of product orders and shipments; attaining and expanding positive gross margins across all product lines; the timing and amount of our operating expenses; the timing and costs of working capital needs; the timing and costs of developing marketing and distribution channels; the ability of our customers to obtain financing to support commercial transactions; our ability to obtain financing arrangements to support the sale or leasing of our products and services to customers and to repay or refinance our long-term debt, and the terms of such agreements that may require us to pledge or restrict substantial amounts of our cash to support these financing arrangements; the timing and costs of developing marketing and distribution channels; the timing and costs of product service requirements; the timing and costs of hiring and training product staff; the timing and costs of product development and introductions; the extent of our ongoing and new research and development programs; and changes in our strategy or our planned activities. If we are unable to fund our operations with positive cash flows and cannot obtain external financing, we may not be able to sustain future operations. As a result, we may be required to delay, reduce and/or cease our operations and/or seek bankruptcy protection.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">We have experienced and continue to experience negative cash flows from operations and net losses. The Company incurred net losses attributable to common stockholders of $85.5 million and $67.2 million for the nine months ended September 30, 2020 and 2019, respectively, and had an accumulated deficit of $1.4 billion at September 30, 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">We have historically funded our operations primarily through public and private offerings of equity and debt, as well as short-term borrowings, long-term debt and project financings. The Company believes that its current working capital and cash anticipated to be generated from future operations, as well as borrowings from lending and project financing sources and proceeds from equity and debt offerings, including our at-the-market offering, will provide sufficient liquidity to fund operations for at least one year after the date the financial statements are issued. There is no guarantee that future funding will be available if and when required or at terms acceptable to the Company. This projection is based on our current expectations regarding new project financing and product sales and service, cost structure, cash burn rate and other operating assumptions.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">During the nine months ended September 30, 2020, net cash used in operating activities was $156.9 million, consisting primarily of a net loss attributable to the Company of $85.5 million, and net outflows from fluctuations in working capital and other assets and liabilities of $96.3 million. The changes in working capital primarily were related to increases and decreases in various current asset and liability accounts. As of September 30, 2020, we had cash and cash equivalents of $448.1 million and net working capital of $514.2 million. By comparison, at December 31, 2019, we had cash and cash equivalents of $139.5 million and net working capital of $162.5 million. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Net cash used in investing activities for the nine months ended September 30, 2020 totaled $71.7 million and included net cash paid for acquisitions, purchases of intangible assets, purchases of property, plant and equipment, and outflows associated with materials, labor, and overhead necessary to construct new leased property. Cash outflows related to equipment that we lease directly to customers are included in net cash used in investing activities. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Net cash provided by financing activities for the nine months ended September 30, 2020 totaled $590.6 million and primarily resulted from the issuance of shares of common stock and convertible senior notes, and proceeds from borrowing on long-term debt, offset by the repurchase of convertible senior notes and purchase of related capped calls.<span style="font-size:12pt;"> </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-style:italic;font-weight:bold;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-style:italic;font-weight:bold;">Public and Private Offerings of Equity and Debt</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt 0pt;"><span style="background-color:#ffff00;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt 0pt;"><i style="font-style:italic;text-decoration:underline;text-decoration-color:#000000;">Common Stock Issuances</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-style:italic;text-decoration:underline;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">In August 2020, the Company issued and sold in a registered direct offering an aggregate of 35,276,250 shares of its common stock at a purchase price of $10.25 per share for net proceeds of approximately $344.4 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt 0pt;"><span style="font-style:italic;text-decoration:underline;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt 0pt;">On April 13, 2020, the Company entered into an At Market Issuance Sales Agreement (ATM), with B. Riley FBR, Inc., as sales agent, or FBR, pursuant to which the Company may offer and sell, from time to time through FBR, shares of Company common stock having an aggregate offering price of up to $75.0 million. As of the date of this filing, the Company has not issued any shares of common stock pursuant to the ATM.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt 0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt 0pt;">In December 2019, the Company issued and sold in a registered public offering an aggregate of 46 million shares of its common stock at a purchase price of $2.75 per share for net proceeds of approximately $120.4 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt 0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt 0pt;">Prior to December 31, 2019, the Company entered into a previous ATM with FBR, which was terminated in the fourth quarter of 2019. Under this ATM, for the nine months ended September 30, 2019, the Company issued 6.3 million shares of common stock, resulting in net proceeds of $14.6 million. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt 0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">In March 2019, the Company issued and sold in a registered direct offering an aggregate of 10 million shares of its common stock at a purchase price of $2.35 per share for net proceeds of approximately $23.5 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt 0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><i style="font-style:italic;text-decoration:underline;text-decoration-color:#000000;">Convertible Senior Notes</i><span style="color:#ff0000;"> </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">In May 2020, the Company issued $212.8 million in aggregate principal amount of 3.75% convertible senior notes due 2025, which we refer to herein as the 3.75% Convertible Senior Notes. The total net proceeds from this offering, after deducting costs of the issuance, were $205.1 million. The Company used $90.2 million of the net proceeds from the offering of the 3.75% Convertible Senior Notes to repurchase $66.3 million of the $100 million in aggregate principal amount of 5.5% Convertible Senior Notes due 2023, which we refer to herein as the 5.5% Convertible Senior Notes. In addition, the Company used approximately $16.3 million of the net proceeds from the offering of the 3.75% Convertible Senior Notes to enter into privately negotiated capped called transactions.<span style="color:#212529;"> </span>In October 2020, $28.0 million of the remaining 5.5% Convertible Senior Notes converted into 12.2 million shares of common stock.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">In September 2019, the Company issued a $40.0 million in aggregate principal amount of 7.5% convertible senior note due 2023, which we refer to herein as the 7.5% Convertible Senior Note. The Company’s total obligation, net of interest accretion, due to the holder was $48.0 million. The total net proceeds from this offering, after deducting costs of the issuance, were $39.1 million. On July 1, 2020, the note automatically converted fully into 16.0 million shares of common stock.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Operating and Finance Leases</span><span style="font-style:italic;font-weight:bold;"> </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:9pt 0pt 0pt 0pt;">The Company enters into sale/leaseback agreements with various financial institutions to facilitate the Company’s commercial transactions with key customers. The Company sells certain fuel cell systems and hydrogen infrastructure to the financial institutions and leases the equipment back to support certain customer locations and to fulfill its varied Power Purchase Agreements (PPAs). Transactions completed under the sale/leaseback arrangements are generally accounted for </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">as operating leases and therefore the sales of the fuel cell systems and hydrogen infrastructure are recognized as revenue. In connection with certain sale/leaseback transactions, the financial institutions require the Company to maintain cash balances in restricted accounts securing the Company’s finance obligations. Cash received from customers under the PPAs is used to make payments against the Company’s finance obligations. As the Company performs under these agreements, the required restricted cash balances are released, according to a set schedule. The total remaining lease payments to financial institutions under these agreements at September 30, 2020 was $332.8 million, $286.2 million of which were secured with restricted cash, security deposits backing letters of credit, and pledged service escrows.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">The Company has varied master lease agreements with Wells Fargo Equipment Finance, Inc., or Wells Fargo, to finance the Company’s commercial transactions with various customers. The Wells Fargo lease agreements were entered into during 2017, 2018, 2019 and 2020. Pursuant to the lease agreements, the Company sells fuel cell systems and hydrogen infrastructure to Wells Fargo and then leases them back and operates them at Walmart sites. The Company has a customer guarantee for a large portion of the transactions entered into in connection with such lease agreements. The Wells Fargo lease agreements required letters of credit totaling approximately $78.8 million for the unguaranteed portion as of September 30, 2020. The total remaining lease liabilities owed to Wells Fargo were $114.3 million at September 30, 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Over recent years, including in 2019, the Company has entered into master lease agreements with multiple institutions such as Key Equipment Finance (KeyBank), SunTrust Equipment Finance & Lease Corp. (now known as Truist Bank), First American Bancorp, Inc. (First American), Crestmark Equipment Finance (Crestmark) and U.S. Bank. During the nine months ended September 30 2020, the Company entered into additional lease agreements with KeyBank, First American, Truist Bank, Crestmark and U.S. Bank. Similar to the Wells Fargo lease agreements, the primary purpose of these agreements is to finance commercial transactions with varied customers. Most of the transactions with these financial institutions required cash collateral for the unguaranteed portions totaling $189.9<span style="color:#ff0000;"> </span>million as of September 30, 2020. Similar to the Wells Fargo lease agreements, in many cases the Company has a customer guarantee for a large portion of the transactions. The total remaining lease liabilities owed to these financial institutions were $218.5 million at September 30, 2020. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Long-Term Debt</span><span style="font-style:italic;font-weight:bold;"> </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">In March 2019, the Company entered into a loan and security agreement (Loan Agreement) with Generate Lending, LLC (Generate Capital) pursuant to which the Company borrowed $85.0 million (Term Loan Facility). The initial proceeds of the loan were used to pay in full the Company’s long-term debt and accrued interest of $17.6 million under the loan agreement with NY Green Bank, a Division of the New York State Energy Research & Development Authority, and terminate approximately $50.3 million of certain equipment leases with Generate Plug Power SLB II, LLC as well as repurchase the associated leased equipment. In April 2019 and November 2019, the Company borrowed an additional $15.0 million and $20.0 million, respectively, under the Term Loan Facility with Generate Capital at 12% interest to fund working capital for ongoing deployments and other general corporate purposes. On March 31, 2020, the outstanding balance was $107.5 million. The principal and interest payments are paid primarily by restricted cash. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">On May 6, 2020, the Company and Generate amended the Loan Agreement to, among other things, (i) provide an incremental term loan facility in the amount of $50.0 million, which has been fully funded, (ii) provide for additional, incremental term loans in an aggregate amount not to exceed $50.0 million, which are available to the Company in Generate Capital’s sole discretion, (iii) reduce the interest rate on all loans to 9.50% from 12.00% per annum, and (iv) extend the maturity date to October 31, 2025 from October 6, 2022. In the third quarter of 2020, the Company borrowed an additional $50.0 million under the amended Loan Agreement. See Note 8, Long-Term Debt, for additional information. Based on the amortization schedule as September 30, 2020, the outstanding balance of $185.0 million under the Term Loan Facility must be fully paid by October 31, 2025.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p>
	plug	Number Of Fuel Systems Deployed NumberOfFuelSystemsDeployed	38000
	us-gaap	Undistributed Earnings UndistributedEarnings	-85500000
	us-gaap	Undistributed Earnings UndistributedEarnings	-67200000
CY2020Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1400000000
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-156900000
	us-gaap	Net Income Loss NetIncomeLoss	-85500000
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	-96300000
CY2020Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	448100000
CY2020Q3	plug	Net Working Capital NetWorkingCapital	514200000
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	139500000
CY2019Q4	plug	Net Working Capital NetWorkingCapital	162500000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-71700000
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	590600000
CY2020Q3	us-gaap	Share Price SharePrice	10.25
CY2020Q3	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	344400000
CY2020Q3	us-gaap	Debt Conversion Converted Instrument Shares Issued1 DebtConversionConvertedInstrumentSharesIssued1	16000000.0
CY2020Q3	plug	Lease Payments Under Agreements LeasePaymentsUnderAgreements	332800000
CY2020Q3	plug	Lease Security Amount LeaseSecurityAmount	286200000
	plug	Lease Impairment Loss LeaseImpairmentLoss	0
	plug	Upfront Revenue Recognized UpfrontRevenueRecognized	0
	plug	Operating Lease Maximum Allowed Extension Percentage OperatingLeaseMaximumAllowedExtensionPercentage	0.75
	plug	Operating Lease Maximum Allowed Extension Percentage OperatingLeaseMaximumAllowedExtensionPercentage	0.75
	us-gaap	Use Of Estimates UseOfEstimates	<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><b style="font-weight:bold;">Use of Estimates</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">The unaudited interim condensed consolidated financial statements of the Company have been prepared in conformity with U.S. generally accepted accounting principles, which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited interim condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2020Q3	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	1100000
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-weight:bold;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><b style="font-weight:bold;">Reclassifications</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-style:italic;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Reclassifications are made, whenever necessary, to prior period financial statements to conform to the current period presentation. As of September 30, 2020, there have been no such reclassifications.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="background-color:#ffff00;font-weight:bold;visibility:hidden;"></span></p>
CY2020Q3	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities	6100000
CY2020Q3	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities	6100000
	us-gaap	Deferred Taxes Business Combination Valuation Allowance Available To Reduce Income Tax Expense DeferredTaxesBusinessCombinationValuationAllowanceAvailableToReduceIncomeTaxExpense	5200000
	us-gaap	Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations	5200000
CY2020Q3	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	1100000
CY2020Q3	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	1900000
CY2020Q3	plug	Increase Decrease In Long Term Debt IncreaseDecreaseInLongTermDebt	1700000
CY2020Q3	us-gaap	Goodwill Period Increase Decrease GoodwillPeriodIncreaseDecrease	200000
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	187874079
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	217909307
CY2020Q3	us-gaap	Debt Conversion Converted Instrument Shares Issued1 DebtConversionConvertedInstrumentSharesIssued1	16000000.0
CY2020Q2	us-gaap	Debt Instrument Interest Rate Stated Percentage DebtInstrumentInterestRateStatedPercentage	0.035
CY2020Q3	plug	Inventory Raw Materials And Supplies Production Locations Net Of Reserves InventoryRawMaterialsAndSuppliesProductionLocationsNetOfReserves	85924000
CY2019Q4	plug	Inventory Raw Materials And Supplies Production Locations Net Of Reserves InventoryRawMaterialsAndSuppliesProductionLocationsNetOfReserves	48011000
CY2020Q3	plug	Inventory Raw Materials And Supplies Customer Locations Net Of Reserves InventoryRawMaterialsAndSuppliesCustomerLocationsNetOfReserves	10007000
CY2019Q4	plug	Inventory Raw Materials And Supplies Customer Locations Net Of Reserves InventoryRawMaterialsAndSuppliesCustomerLocationsNetOfReserves	9241000
CY2020Q3	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	30421000
CY2019Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	12529000
CY2020Q3	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	7954000
CY2019Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	2610000
CY2020Q3	us-gaap	Inventory Net InventoryNet	134306000
CY2019Q4	us-gaap	Inventory Net InventoryNet	72391000
CY2020Q3	plug	Operating Lease Asset Right Of Use OperatingLeaseAssetRightOfUse	275211000
CY2019Q4	plug	Operating Lease Asset Right Of Use OperatingLeaseAssetRightOfUse	198068000
CY2020Q3	plug	Finance Leased Asset Right Of Use FinanceLeasedAssetRightOfUse	42161000
CY2019Q4	plug	Finance Leased Asset Right Of Use FinanceLeasedAssetRightOfUse	41475000
CY2020Q3	plug	Capitalized Costs Of Finance Leases Assets CapitalizedCostsOfFinanceLeasesAssets	51814000
CY2019Q4	plug	Capitalized Costs Of Finance Leases Assets CapitalizedCostsOfFinanceLeasesAssets	41465000
CY2020Q3	plug	Finance Lease Assets Accumulated Depreciation FinanceLeaseAssetsAccumulatedDepreciation	59711000
CY2019Q4	plug	Finance Lease Assets Accumulated Depreciation FinanceLeaseAssetsAccumulatedDepreciation	36268000
CY2020Q3	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	309475000
CY2019Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	244740000
CY2020Q3	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	43028000
CY2020Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	3859000
CY2020Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	39169000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	8564000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	3025000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5539000
CY2020Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	300000
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	800000
CY2019Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	200000
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	500000
CY2020Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	1464000
CY2020Q3	plug	Finite Lived Intangible Assets Amortization Expense After Year Four FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour	5411000
CY2020Q3	plug	Finite Lived Intangible Assets Amortization Expense Net FiniteLivedIntangibleAssetsAmortizationExpenseNet	10169000
	plug	Proceeds From Escrow ProceedsFromEscrow	250000
CY2020Q3	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	35276250
CY2020Q3	us-gaap	Share Price SharePrice	10.25
CY2020Q3	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	344400000
CY2020Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	366000
CY2020Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	1464000
CY2020Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	1464000
CY2020Q2	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	50000000.0
CY2020Q3	us-gaap	Line Of Credit LineOfCredit	185000000.0
CY2020Q3	us-gaap	Debt Instrument Interest Rate Stated Percentage DebtInstrumentInterestRateStatedPercentage	0.095
CY2020Q3	us-gaap	Line Of Credit LineOfCredit	185000000.0
	plug	Secured Debt Percentage Of Securities In Foreign Subsidiaries Securing Debt SecuredDebtPercentageOfSecuritiesInForeignSubsidiariesSecuringDebt	0.65
CY2020Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	164017000
CY2020Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	127317000
CY2020Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	93321000
CY2020Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	62920000
CY2020Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	33692000
CY2020Q4	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	3500000
CY2020Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000.0
CY2020Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2020Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
	plug	Number Of Votes Per Share NumberOfVotesPerShare	1
CY2019Q4	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	46000000
CY2019Q4	us-gaap	Share Price SharePrice	2.75
CY2019Q4	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	120400000
CY2019Q1	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	10000000
CY2019Q1	us-gaap	Share Price SharePrice	2.35
CY2019Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	23500000
CY2020Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	390197748
CY2019Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	303378515
CY2020Q4	plug	Class Of Warrant Or Right Number Of Securities Vested By Warrants Or Rights ClassOfWarrantOrRightNumberOfSecuritiesVestedByWarrantsOrRights	7274565
CY2020Q3	plug	Provision For Loss Contracts Related To Services ProvisionForLossContractsRelatedToServices	4300000
CY2017Q3	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	2.1231
CY2020Q3	us-gaap	Revenues Revenues	106989000
CY2019Q3	us-gaap	Revenues Revenues	59461000
	us-gaap	Revenues Revenues	215872000
	us-gaap	Revenues Revenues	138575000
CY2020Q3	us-gaap	Accounts Receivable Net AccountsReceivableNet	113133000
CY2019Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	25448000
CY2020Q3	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	12029000
CY2019Q4	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	13251000
CY2020Q3	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	76526000
CY2019Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	43480000
	us-gaap	Contract With Customer Asset Reclassified To Receivable ContractWithCustomerAssetReclassifiedToReceivable	10249000
	plug	Contract With Customer Asset Revenue Recognized And Unbilled ContractWithCustomerAssetRevenueRecognizedAndUnbilled	9027000
	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	1222000
	plug	Contract With Customer Asset Increase Decrease For Cash Received ContractWithCustomerAssetIncreaseDecreaseForCashReceived	58732000
	us-gaap	Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination	18107000
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	-43793000
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-33046000
CY2020Q3	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	401632000
CY2020Q3	us-gaap	Capitalized Contract Cost Net CapitalizedContractCostNet	1300000
CY2019Q4	us-gaap	Capitalized Contract Cost Net CapitalizedContractCostNet	500000
CY2020Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-6500000
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-24200000
CY2020Q3	us-gaap	Income Tax Expense Benefit Intraperiod Tax Allocation IncomeTaxExpenseBenefitIntraperiodTaxAllocation	6500000
	us-gaap	Income Tax Expense Benefit Intraperiod Tax Allocation IncomeTaxExpenseBenefitIntraperiodTaxAllocation	19000000.0
	plug	Income Tax Expense Benefit Business Combination IncomeTaxExpenseBenefitBusinessCombination	5200000
CY2020Q3	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	8272000
CY2020Q3	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	34436000
CY2020Q3	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	32665000
CY2020Q3	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	30043000
CY2020Q3	us-gaap	Lessor Operating Lease Payments To Be Received Five Years LessorOperatingLeasePaymentsToBeReceivedFiveYears	26660000
CY2020Q3	us-gaap	Lessor Operating Lease Payments To Be Received Thereafter LessorOperatingLeasePaymentsToBeReceivedThereafter	49351000
CY2020Q3	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	181427000
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	14639000
CY2020Q3	us-gaap	Finance Lease Liability Payments Remainder Of Fiscal Year FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear	17371000
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	58505000
CY2020Q3	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	68371000
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	58480000
CY2020Q3	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	64028000
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	55655000
CY2020Q3	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	59353000
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	54203000
CY2020Q3	us-gaap	Finance Lease Liability Payments Due Year Five FinanceLeaseLiabilityPaymentsDueYearFive	70989000
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	71304000
CY2020Q3	us-gaap	Finance Lease Liability Payments Due After Year Five FinanceLeaseLiabilityPaymentsDueAfterYearFive	72478000
CY2020Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	312786000
CY2020Q3	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	352590000
CY2020Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	84903000
CY2020Q3	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	96040000
CY2020Q3	plug	Sale Of Future Service SaleOfFutureService	-144292000
CY2020Q3	plug	Sale Of Future Service SaleOfFutureService	-144292000
CY2020Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	372175000
CY2020Q3	us-gaap	Finance Lease Liability FinanceLeaseLiability	400842000
CY2020Q3	us-gaap	Operating Lease Expense OperatingLeaseExpense	14600000
CY2019Q3	us-gaap	Operating Lease Expense OperatingLeaseExpense	7800000
	us-gaap	Operating Lease Expense OperatingLeaseExpense	40100000
	us-gaap	Operating Lease Expense OperatingLeaseExpense	19900000
CY2020Q3	us-gaap	Sale And Leaseback Transaction Gain Loss Net SaleAndLeasebackTransactionGainLossNet	24500000
CY2019Q3	us-gaap	Sale And Leaseback Transaction Gain Loss Net SaleAndLeasebackTransactionGainLossNet	14800000
	us-gaap	Sale And Leaseback Transaction Gain Loss Net SaleAndLeasebackTransactionGainLossNet	30900000
CY2020Q3	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	41100000
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	86500000
CY2019Q3	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	38400000
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	72900000
CY2020Q3	plug	Prepaid Rent And Security Deposit PrepaidRentAndSecurityDeposit	5800000
	us-gaap	Operating Lease Payments OperatingLeasePayments	40500000
	us-gaap	Operating Lease Payments OperatingLeasePayments	19222000
CY2020Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P5Y6M
CY2019Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P5Y3M
CY2020Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.121
CY2019Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.121
	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	2655000
	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	2308000
	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	1778000
	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	3194000
	plug	Finance Lease Cost FinanceLeaseCost	4433000
	plug	Finance Lease Cost FinanceLeaseCost	5502000
CY2020Q3	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	41100000
	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	86500000
CY2019Q3	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	38400000
	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	72900000
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	7847000
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	57659000
CY2020Q3	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P3Y4M9D
CY2019Q3	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P3Y1M2D
CY2020Q3	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.078
CY2019Q3	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.111
CY2020Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	133400000
CY2020Q3	plug	Letter Of Credit LetterOfCredit	149300000

Files In Submission

Name	View Source	Status
0001558370-20-013381-index-headers.html	Edgar Link	pending
0001558370-20-013381-index.html	Edgar Link	pending
0001558370-20-013381.txt	Edgar Link	pending
0001558370-20-013381-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
plug-20200930.xsd	Edgar Link	pending
plug-20200930x10q.htm	Edgar Link	pending
plug-20200930x10q_htm.xml	Edgar Link	completed
plug-20200930xex31d1.htm	Edgar Link	pending
plug-20200930xex31d2.htm	Edgar Link	pending
plug-20200930xex32d1.htm	Edgar Link	pending
plug-20200930xex32d2.htm	Edgar Link	pending
plug-20200930_cal.xml	Edgar Link	unprocessable
plug-20200930_def.xml	Edgar Link	unprocessable
plug-20200930_lab.xml	Edgar Link	unprocessable
plug-20200930_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$PLUG
PLUG POWER INC Stock $plug

2020 Q4 Form 10-Q Financial Statement

#000155837020013381 Filed on November 09, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PLUG PLUG POWER INC Stock $plug

2020 Q4 Form 10-Q Financial Statement

#000155837020013381 Filed on November 09, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PLUG
PLUG POWER INC Stock $plug