Leadership Shakeup at Plug Power Raises Investor Concerns

Plug Power investors are facing renewed uncertainty as the hydrogen technology company undergoes a comprehensive leadership transition while securing substantial funding through a complex equity deal that could significantly impact shareholder value.

The company announced that CEO Andy Marsh, who has led the organization for nearly two decades, will pass leadership to Jose Luis Crespo, currently President and Chief Revenue Officer, in March 2026. The timing coincides with Plug Power’s release of its 2025 financial results, marking a symbolic transition point. In a further significant development, President Sanjay Shrestha is also departing the company.

This management overhaul comes during a challenging operational phase. While the company demonstrated some financial improvement with margins climbing from negative 92% to negative 31% in the second... Read more...