Plug Power CFO, Paul Middleton, Underscores Confidence in Financial Strength and Strategic Growth with Share Purchase

Plug Power CFO, Paul Middleton, Underscores Confidence in Financial Strength and Strategic Growth with Share Purchase

SLINGERLANDS, N.Y., May 19, 2025 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive solutions for the hydrogen economy, today announced that its Chief Financial Officer, Paul Middleton, has purchased Plug’s common stock in an open market transaction, underscoring his conviction in Plug’s current strategy and future potential to dominate the hydrogen economy at scale. On May 16, 2025, Middleton acquired 350,000 shares at an average price of $0.7154 per share, for a total investment of approximately $250,000.

Middleton, said:

I remain confident in Plug’s long-term strategy and the opportunities ahead as we continue to execute our vision in the hydrogen economy,

“This purchase reflects my belief in the company’s financial strength and growth potential.”

This announcement follows Plug’s Q1 2025 earnings results, which demonstrated continued progress toward its strategic and financial goals. Plug delivered revenue of $133.7 million, while net cash used in operating and investing activities declined to $152.1 million in Q1 2025 versus $288.3 million in Q1 2024. The company also expanded hydrogen production capacity to 40 tons per day across three operational plants and secured meaningful growth in its electrolyzer and fuel cell businesses, reinforcing Plug’s position as a global leader in the clean hydrogen economy. Earlier this year, Plug introduced an executive compensation program to align executive incentives with shareholders—highlighted by CEO Andy Marsh’s decision to elect to take 50% of his compensation in Plug’s stock for 2025.

The transaction was disclosed in a Form 4 filing submitted to the U.S. Securities and Exchange Commission on May 19, 2025.

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