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Plug Power Inc. (PLUG)

2.1600 -0.0300 (-1.37%)
At close: August 31 at 4:00:01 PM EDT
2.1600 0.0000 (0.00%)
Pre-Market: 5:00:16 AM EDT
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What's happening with PLUG?

9m ago
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Plug Power continues to face significant challenges as it navigates a volatile market. Recent cancellations of projects and substantial losses have raised concerns about its valuation, which remains under scrutiny amidst mixed investor sentiment.

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  • Previous Close 2.1900
  • Open 2.1700
  • Bid 2.1400 x 300
  • Ask 2.1500 x 200
  • Day's Range 2.1400 - 2.1900
  • 52 Week Range 1.4100 - 4.5800
  • Volume 34,995,021
  • Avg. Volume 57,208,126
  • Market Cap (intraday) 3.018B
  • Beta (5Y Monthly) 2.22
  • PE Ratio (TTM) --
  • EPS (TTM) -1.3200
  • 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

Performance Overview

Trailing total returns as of 8/31/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

PLUG
9.64%
S&P 500 (^GSPC)
12.28%

1-Year Return

PLUG
37.58%
S&P 500 (^GSPC)
18.98%

3-Year Return

PLUG
74.47%
S&P 500 (^GSPC)
70.51%

5-Year Return

PLUG
91.71%
S&P 500 (^GSPC)
69.95%

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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Top Analyst

HC Wainwright & Co.
61/100
Latest Rating
Buy
 

Analyst Price Targets

0.75 Low
3.55 Average
2.1600 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
As of 8/27/2026
  • Market Cap

    3.17B

  • Enterprise Value

    4.05B

  • Trailing P/E

    --

  • Forward P/E

    --

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    4.04

  • Price/Book (mrq)

    5.45

  • Enterprise Value/Revenue

    5.44

  • 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)

    -1.3200

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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Company Insights

Fair Value

2.1600 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

Research Reports

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  • Plug Power: Dropping Coverage

    Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.

    Rating
    Price Target
     
  • Plug Power: Dropping Coverage

    Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.

    Rating
    Price Target
     
  • Plug Power: Dropping Coverage

    Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.

    Rating
    Price Target
     
  • Plug Power: Dropping Coverage

    Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.

    Rating
    Price Target
     

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