Plug Power Inc. has announced its Q1 2025 earnings results, reporting a revenue of $133.7 million. This figure marks a continuation of the company's progress towards its strategic and financial objectives. Net cash used in operating and investing activities decreased significantly to $152.1 million in Q1 2025, compared to $288.3 million in Q1 2024. Additionally, Plug Power expanded its hydrogen production capacity to 40 tons per day across three operational plants and achieved substantial growth in its electrolyzer and fuel cell businesses. Earlier this year, the company implemented an executive compensation program to align executive incentives with shareholders' interests, highlighted by CEO Andy Marsh's decision to receive 50% of his compensation in Plug's stock for 2025.
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