Plug Power Inc Q2 2021 Earnings Call Summary - Thomson StreetEvents

Plug Power Inc Q2 2021 Earnings Call Summary

Plug Power Inc Q2 2021 Earnings Call Summary - Thomson StreetEvents
Plug Power Inc Q2 2021 Earnings Call Summary
Published Aug 05, 2021
19 pages (11214 words) — Published Aug 05, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of PLUG.OQ earnings conference call or presentation 5-Aug-21 8:30pm GMT

  
Brief Excerpt:

...A. Highlights: Revenue increased dramatically by over 75% YoverY. 1. 2. Shipment of Gendrive unit into new sites dramatically increased vs. prior year. 3. Closed Heidia JV with Renault, targeting the light commercial market for vehicles in Europe. This market is expected to be 500,000 vehicles in 2030 with over 30% of market captured by JV. a. 4. Co. did have some challenges in qtr. associated with hydrogen costs, two major drivers: Because of NER relationship with Air Products, this had a short-term impact on pricing and construction costs to replace Air Products Liquid tanks. a. This is about two-thirds of the increase of hydrogen costs for qtr. i. b. There also was a crisis with availability of hydrogen due to a force majeure. i. Force majeure was due to a major hydrogen plant going down for two months in Southeast. ii. This local disruption impacted US hydrogen network. iii. Co. made sure customers had hydrogen throughout this event. 5. Near product changes were a one-time event, and...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Plug Power Inc
Ticker
PLUG.OQ
Time
8:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: William Chapman Peterson - JPMorgan Chase & Co, Research Division - Analyst : Yes, my question is this -- you announced this Plug Symposium. We're certainly looking forward to hearing more about the progress. But -- and I fully understand the move to virtual, that's definitely understandable. But it was delayed by a month. I'm just wondering if the delay is related to any sort of production movement, timing or any other delays? How does the manufacturing plan compare to your original plan? And the reason I'm asking this is, you didn't speak to it, but it's pretty apparent that supply constraints are impacting a number of industries, and perhaps maybe some lead times have been extending. I'm just curious if there's anything that's just changed in your manufacturing plan. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 05, 2021 / 8:30PM, PLUG.OQ - Q2 2021 Plug Power Inc Earnings Call

Question: William Chapman Peterson - JPMorgan Chase & Co, Research Division - Analyst : That's great. And it's somewhat of a lead-in to my next question. A lot has been asked about the hydrogen cost and those things. But I'm actually curious more about how we should think about your margin trajectory here in the second half and into next year as it relates to more of the systems cost? I think you got close to 20% here in the June quarter. How does that progress as we move through the year and into next year?

Table Of Contents

Plug Power Inc Business Update Conference Call Summary – 2022-01-19 – US$ 54.00 – Edited Brief of PLUG.OQ conference call or presentation 19-Jan-22 3:00pm GMT

Plug Power Inc Q3 2021 Earnings Call Summary – 2021-11-09 – US$ 54.00 – Edited Brief of PLUG.OQ earnings conference call or presentation 9-Nov-21 9:30pm GMT

Plug Power Inc Q3 2021 Earnings Call Transcript – 2021-11-09 – US$ 54.00 – Edited Transcript of PLUG.OQ earnings conference call or presentation 9-Nov-21 9:30pm GMT

Plug Power Inc Plug Symposium 2021: Here Comes Green Hydrogen Transcript – 2021-10-14 – US$ 54.00 – Edited Transcript of PLUG.OQ corporate analyst meeting</ 14-Oct-21 2:00pm GMT

Plug Power Inc Q2 2021 Earnings Call Transcript – 2021-08-05 – US$ 54.00 – Edited Transcript of PLUG.OQ earnings conference call or presentation 5-Aug-21 8:30pm GMT

Plug Power Inc Q1 2021 Earnings Call Transcript – 2021-06-22 – US$ 54.00 – Edited Transcript of PLUG.OQ earnings conference call or presentation 22-Jun-21 12:30pm GMT

Plug Power Inc Business Update Call Transcript – 2021-05-14 – US$ 54.00 – Edited Transcript of PLUG.OQ conference call or presentation 14-May-21 12:30pm GMT

Plug Power Inc Q4 2020 Earnings Call Transcript – 2021-02-25 – US$ 54.00 – Edited Transcript of PLUG.OQ earnings conference call or presentation 25-Feb-21 1:30pm GMT

Plug Power Inc Business Update Conference Call Transcript – 2021-01-26 – US$ 54.00 – Edited Transcript of PLUG.OQ conference call or presentation 26-Jan-21 1:30pm GMT

Plug Power Inc Q3 2020 Earnings Call Transcript – 2020-11-09 – US$ 54.00 – Edited Transcript of PLUG.OQ earnings conference call or presentation 9-Nov-20 3:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Plug Power Inc Q2 2021 Earnings Call Summary" Aug 05, 2021. Alacra Store. May 05, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2021-Plug-Power-Inc-Earnings-Call-B14944041>
  
APA:
Thomson StreetEvents. (2021). Plug Power Inc Q2 2021 Earnings Call Summary Aug 05, 2021. New York, NY: Alacra Store. Retrieved May 05, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2021-Plug-Power-Inc-Earnings-Call-B14944041>
  
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