************Asset sales and liquidity measures (Gateway/Genesee sale ≈ $132.5M)************
Key Questions
What asset sales has Plug Power completed for liquidity?
Plug Power sold Genesee for $132.5M and Gateway for $142.5M, both confirmed. STAMP rights in NY are valued at $275M+ with stream expected H1 2026.
How strong is Plug Power's balance sheet position?
Year-end 2025 cash stands at $555M, up from prior periods, with total assets at $2.6B and equity at $1B across 1.4B shares. PPE is down $281M.
What measures bolster Plug Power's liquidity?
The Investor Deck and Pivot strategy enhance liquidity through capex cuts mid-2026 for H2/AI focus. Yorkville $525M risks have decreased.
Genesee $132.5M/Gateway $142.5M + STAMP $275M+ to Stream H1'26; cash $555M YE25 (up from $368M YE24)/assets $2.6B/PPE -$281M/equity $1B; deck/Pivot bolsters liquidity/capex cut mid-2026 H2/AI; $275M+ sales fuel Quantum Leap amid Yorkville risks.
Sources (1)
Updated Apr 13, 2026