Plug Power/$PLUG
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Plug Power
Plug Power Inc 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.
- Ticker
- $PLUG
- Sector
- Industrials
- Primary listing
- NASDAQ
- Employees
- 2,344
- Headquarters
- Slingerlands, United States
- Website
- www.plugpower.com
Plug Power Metrics
BasicAdvanced
$1.9B
-
-$1.24
2.22
-
Price and volume
Market cap
$1.9B
Beta
2.22
52-week high
$4.33
52-week low
$1.35
Average daily volume
51M
Financial strength
Current ratio
2.321
Quick ratio
0.82
Long term debt to equity
1.555
Total debt to equity
1.766
Interest coverage (TTM)
-7.54%
Profitability
EBITDA (TTM)
-512.105
Gross margin (TTM)
-24.75%
Net profit margin (TTM)
-220.59%
Operating margin (TTM)
-72.90%
Effective tax rate (TTM)
-0.03%
Revenue per employee (TTM)
$320,000
Management effectiveness
Return on assets (TTM)
-12.23%
Return on equity (TTM)
-144.96%
Valuation
Price to revenue (TTM)
2.455
Price to book
3.31
Price to tangible book (TTM)
3.48
Price to free cash flow (TTM)
-3.259
Free cash flow yield (TTM)
-30.69%
Free cash flow per share (TTM)
-0.423
Growth
Revenue change (TTM)
10.59%
Earnings per share change (TTM)
-39.65%
3-year revenue growth (CAGR)
-5.43%
10-year revenue growth (CAGR)
21.56%
3-year earnings per share growth (CAGR)
-4.53%
10-year earnings per share growth (CAGR)
13.93%
What the Analysts think about Plug Power
Analyst ratings (Buy, Hold, Sell) for Plug Power stock.
Analyst projections of the future price of Plug Power stock.
Bulls say / Bears say
Plug’s turnaround is showing measurable operating progress: Q2 gross margin was close to break-even and operating expenses fell by about half year on year. Preliminary Q3 net cash use fell to about $28 million, with no new equity or debt raised that quarter. (Plug Power Inc., Plug Power Inc.)
Management raised its 2026 revenue-growth outlook to 15–16% and says the growing material-handling installed base can support recurring sales from service, fuel and equipment replacements. (Plug Power Inc.)
The electrolyser business has some concrete commercial opportunities: Orica’s 50MW project reached final investment decision, while Arcadia signed a 280MW supply agreement and named Plug preferred supplier for further potential projects. Arcadia deliveries still depend on the project proceeding to a notice to proceed. (Plug Power Inc., Plug Power Inc.)
Liquidity remains fragile despite lower cash use: Plug held about $134 million in unrestricted cash at Q3 end after preliminary cash usage of $28 million, while first-half operating cash outflow was $244 million. It needs sustained improvement or further funding to extend its runway. (Plug Power Inc., StockTitan)
Operational progress has not yet translated into profitability: Plug reported a Q2 net loss of $188 million despite near break-even gross margin. Its target of positive EBITDAS in Q4 is still a forecast, not an achieved result. (StockTitan, Plug Power Inc.)
Project funding and execution are significant risks: the $1.66 billion US Department of Energy loan guarantee was withdrawn, and Plug abandoned its planned 100MW hydrogen project in Belgium. These setbacks show how funding changes and project delays can undermine expansion plans. (Energy Tech, Data Center Dynamics)
Data summarised monthly by Lightyear AI. Last updated on 16 Oct 2026.
Plug Power Financial Performance
Revenues and expenses
Plug Power Earnings Performance
Company profitability
Upcoming events
No upcoming events
Plug Power News
AllArticlesVideos
Funds containing Plug Power
AllUSDEURGBP
Fund name | Fund size | $PLUG weighting |
|---|---|---|
iShares Global Clean Energy£INRG | $3.1B | 1.35% |
iShares Global Clean Energy€IQQH | $3.1B | 1.35% |
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.07% |
SPDR Russell 2000 US Small Cap€R2US | $5.3B | 0.07% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | $3.2B | 0.04% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.