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Plug Power Inc. (PLUG)

2.1700 +0.0600 (+2.84%)
At close: September 4 at 4:00:00 PM EDT
2.1592 -0.0108 (-0.50%)
After hours: September 4 at 7:59:50 PM EDT
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What's happening with PLUG?

46m ago
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Plug Power is experiencing mixed signals as it reports growing electrolyzer revenue and secures new contracts, but faces ongoing financial challenges. Despite recent stock rallies, concerns over valuation and operational execution persist, raising questions about its future profitability.

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  • Previous Close 2.1100
  • Open 2.1100
  • Bid 2.1600 x 100
  • Ask 2.1700 x 500
  • Day's Range 2.0900 - 2.2000
  • 52 Week Range 1.4100 - 4.5800
  • Volume 45,131,492
  • Avg. Volume 55,074,596
  • Market Cap (intraday) 3.032B
  • Beta (5Y Monthly) 2.22
  • PE Ratio (TTM) --
  • EPS (TTM) -1.3600
  • Earnings Date Nov 9, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 3.55

Plug Power Inc. designs, develops, and sells hydrogen products and solutions in Europe, Australia, North America, and internationally. The company offers GenDrive, a hydrogen fueled PEM fuel cell system, which powers material handling EVs, including Class 1, 2, 3 and 6 electric forklifts, automated guided vehicles, and ground support equipment; GenFuel, a liquid hydrogen fueling, delivery, generation, storage, and dispensing system; and GenCare, an Internet of Things based maintenance and on-site service program. It also provides GenKey, a turn-key solution; GenEco electrolyzers for clean hydrogen production; liquefaction systems; cryogenic equipment, such as trailers and mobile storage equipment for the distribution of liquified hydrogen, oxygen, argon, nitrogen, and other cryogenic gases; GenSure, a stationary fuel cell solution; and liquid hydrogen. The company serves customers in material handling operations, fuel cell electric vehicle fleets, and stationary power applications through its direct sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was incorporated in 1997 and is based in Slingerlands, New York.

www.plugpower.com

2,344

Full Time Employees

December 31

Fiscal Year Ends

Industrials

Sector

Recent News

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Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

PLUG
10.15%
S&P 500 (^GSPC)
12.75%

1-Year Return

PLUG
50.69%
S&P 500 (^GSPC)
18.71%

3-Year Return

PLUG
74.50%
S&P 500 (^GSPC)
70.93%

5-Year Return

PLUG
91.78%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q1 FY26
Revenue 163.51M
Earnings -245.3M
Profit Margin -150.02%

Q3

FY25

Q4

FY25

Q1

FY26

-800M
-600M
-400M
-200M
0
200M
-350.0%
-300.0%
-250.0%
-200.0%

Analyst Insights

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Analyst Price Targets

0.75 Low
3.55 Average
2.1700 Current
7.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 8/12/2026
Analyst Roth Capital
Rating Action Reiterates
Rating Buy
Price Action Raises
Price Target 3.5 -> 5

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (5yr expected)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    -220.59%

  • Return on Assets (ttm)

    -12.23%

  • Return on Equity (ttm)

    -144.96%

  • Revenue (ttm)

    744.09M

  • Net Income Avi to Common (ttm)

    -1.64B

  • Diluted EPS (ttm)

    -1.3600

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    172.09M

  • Total Debt/Equity (mrq)

    176.57%

  • Levered Free Cash Flow (ttm)

    -247.1M

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