Plug Power Inc (PLUG)
NASDAQ:PLUG
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PLUG Stock Chart & Stats
$2.78
-$0.29(-9.83%)
At close: 4:00 PM EST
$2.78
-$0.29(-9.83%)
Day’s Range― - ―
52-Week Range$1.03 - $4.58
Previous CloseN/A
Volume36.66M
Average Volume (3M)81.28M
Market Cap
$3.98B
Enterprise Value$3.83B
Total Cash (Recent Filing)$223.19M
Total Debt (Recent Filing)$1.01B
Price to Earnings (P/E)―
Beta1.30
Next Earnings
Aug 12, 2026EPS Estimate
-0.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.42
Shares Outstanding1,395,069,100
10 Day Avg. Volume54,985,896
30 Day Avg. Volume81,278,070
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)2.33
Price to Sales (P/S)3.21
P/FCF Ratio-3.45
Enterprise Value/Market Cap0.96
Enterprise Value/Revenue5.17
Enterprise Value/Gross Profit-20.16
Enterprise Value/Ebitda-2.34
Forecast
1Y Price Target
$3.61Price Target Upside29.82% Upside
Rating ConsensusHold
Number of Analyst Covering13
EPS Forecast (FY)-0.34
Revenue Forecast (FY)$812.84M
Bulls Say, Bears Say
Bulls Say
Revenue Growth TrendSustained top-line growth across material handling, electrolyzers, and hydrogen fuel shows expanding commercial adoption. Durable revenue expansion supports scale economies, recurring fuel/service demand, and gives management runway to leverage fixed costs toward lasting margin improvement.
Electrolyzer Pipeline & ScaleRapid electrolyzer growth and multi‑MW project awards with large counterparties create a structural, higher‑value product mix. A deep project funnel supports multi‑year contracted work, potential volume-driven cost declines, and diversification away from solely material‑handling revenue.
Margin & Cost ImprovementsLarge gross‑margin recovery plus per‑unit service cost reductions (~30%) indicate operational fixes and improved product reliability. If sustained, these efficiency gains enable a credible path to positive EBITDA and eventual operating profit as volumes scale and Project Quantum Leap cost actions persist.
Bears Say
Persistent Negative ProfitabilityDespite recent progress, multi‑period negative gross margins and extreme operating losses reflect structural profitability gaps. Continued underwriting of losses suppresses retained equity, constrains reinvestment capacity, and keeps the company dependent on external financing until margins sustainably flip positive.
Reliance On Asset Monetizations For LiquidityDependence on one‑off asset sales and scheduled restricted‑cash releases is a structural funding risk. Delays or lower proceeds would force additional financing, potential dilution or covenant stress, and could impede investment in operations and large project execution over the next 2–6 months.
Execution & Project Timing RiskLarge electrolyzer and international projects are complex and sensitive to permitting, supply chain and partner timing. Execution delays can push revenue recognition, increase costs, and postpone scale benefits, constraining the timing of expected margin and cash‑flow improvements.
Plug Power News
PLUG FAQ
What was Plug Power Inc’s price range in the past 12 months?
Plug Power Inc lowest stock price was $1.03 and its highest was $4.58 in the past 12 months.
What is Plug Power Inc’s market cap?
Plug Power Inc’s market cap is $3.98B.
When is Plug Power Inc’s upcoming earnings report date?
Plug Power Inc’s upcoming earnings report date is Aug 12, 2026 which is in 52 days.
How were Plug Power Inc’s earnings last quarter?
Plug Power Inc released its earnings results on May 11, 2026. The company reported -$0.18 earnings per share for the quarter, missing the consensus estimate of -$0.098 by -$0.082.
Is Plug Power Inc overvalued?
According to Wall Street analysts Plug Power Inc’s price is currently Undervalued.
Does Plug Power Inc pay dividends?
Plug Power Inc does not currently pay dividends.
What is Plug Power Inc’s EPS estimate?
Plug Power Inc’s EPS estimate is -0.08.
How many shares outstanding does Plug Power Inc have?
Plug Power Inc has 1,395,069,100 shares outstanding.
What happened to Plug Power Inc’s price movement after its last earnings report?
Plug Power Inc reported an EPS of -$0.18 in its last earnings report, missing expectations of -$0.098. Following the earnings report the stock price went up 1.136%.
Which hedge fund is a major shareholder of Plug Power Inc?
Currently, no hedge funds are holding shares in PLUG
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Plug Power Stock Smart Score
Outperform
1
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4
5
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7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$3.61 (29.82% Upside)
$3.61 (29.82% Upside)
Blogger Sentiment
Neutral
PLUG Sentiment 50%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 1.8M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 0.5%
Last 30 Days ▼ 1.1%
Last 30 Days ▼ 1.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
150.00%
12-Months-Change
Fundamentals
Return on Equity
-139.28%
Trailing 12-Months
Asset Growth
-34.82%
Trailing 12-Months
Company Description
Plug Power Inc
Plug Power Inc. specializes in providing comprehensive clean hydrogen and zero-emission fuel cell solutions. These innovative offerings cater to various sectors, including supply chain and logistics, on-road electric vehicles, and stationary power generation, with operations spanning North America and international markets. The company is actively constructing an end-to-end green hydrogen ecosystem, encompassing its production, efficient storage and delivery, and subsequent energy generation for both mobile and fixed applications. Its technological portfolio includes advanced proton exchange membrane (PEM) and fuel cell systems, fuel processing capabilities, and innovative fuel cell/battery hybrid designs. Furthermore, Plug Power develops the essential infrastructure for green hydrogen generation, storage, and dispensing. Among its flagship offerings is GenDrive, a hydrogen-powered PEM fuel cell system specifically engineered for material handling electric vehicles. GenFuel provides a complete liquid hydrogen fueling solution, covering generation, storage, delivery, and dispensing. GenCare is an IoT-driven service program that ensures ongoing maintenance and on-site support for various Plug Power systems, including GenDrive, GenSure, GenFuel, and ProGen. For stationary power needs, GenSure delivers modular PEM fuel cell power, crucial for backup and grid-support in telecommunications, transportation, and utility sectors. The company also offers GenKey, an integrated, ready-to-use solution for businesses transitioning to fuel cell power. ProGen represents the core fuel cell stack and engine technology, versatile enough for mobile and stationary fuel cell systems, and serving as engines in electric delivery vans. Additionally, GenFuel Electrolyzers are optimized hydrogen generators designed for clean hydrogen production. Plug Power distributes its products through a multi-channel approach, leveraging a direct sales force, collaborations with original equipment manufacturers (OEMs), and an extensive dealer network. The firm boasts significant strategic alliances with prominent entities such as Airbus, Lhyfe, Edison Motors, Phillips 66, Apex Clean Energy, BAE Systems, and Universal Hydrogen Co. Established in 1997, Plug Power Inc. maintains its corporate headquarters in Latham, New York.
PLUG Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented substantial operational progress: strong revenue growth (+22%), an exceptional electrolyzer revenue surge (+343%), large improvements in gross margin (42 percentage points) and fuel margins (+54 percentage points), service cost reductions (~30%), improved liquidity ($802M total cash) and clear targets toward positive EBITDA in Q4 2026. However, material challenges remain: the company is still unprofitable (gross margin -13%, adjusted EPS -$0.08), relies on asset monetization and restricted cash releases for funding, and faces timing and execution risks on large electrolyzer projects. On balance, the quantitative and operational improvements indicate momentum and a credible path to profitability, while execution and funding risks warrant monitoring.View all PLUG earnings summariesPLUG Stock 12 Month Forecast
Average Price Target
$3.61
▲(29.82% Upside)
Technical Analysis
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Ownership Overview
0.41% Insiders
11.74% Mutual Funds
2.70% Other Institutional Investors
58.47% Public Companies and Individual Investors