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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$1.39 - $4.58
Previous CloseN/A
Volume36.66M
Average Volume (3M)54.76M
Market Cap
$3.11B
Enterprise Value$3.83B
Total Cash (Recent Filing)$223.19M
Total Debt (Recent Filing)$1.01B
Price to Earnings (P/E)―
Beta1.28
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. Volume45,763,654
30 Day Avg. Volume54,758,843
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 Cap1.23
Enterprise Value/Revenue5.17
Enterprise Value/Gross Profit-20.16
Enterprise Value/Ebitda-2.34
Forecast
1Y Price Target
$3.65Price Target Upside31.13% Upside
Rating ConsensusHold
Number of Analyst Covering13
EPS Forecast (FY)-0.34
Revenue Forecast (FY)$813.34M
Bulls Say, Bears Say
Bulls Say
Electrolyzer Revenue Surge & Project FunnelElectrolyzer sales jumping 343% to $40.8M and a reported ~$8B opportunity funnel reflect durable, large-scale demand and multi-year project visibility. Winning sizable awards (Iberdrola, Galp, Hytogen) positions Plug as a supplier in capital-intensive green hydrogen supply chains, diversifying revenue and supporting a lasting backlog as projects execute over quarters and years.
Material Margin And Service-cost ImprovementA 42 percentage-point gross-margin swing and ~30% lower per-unit service costs indicate structural improvements from volume, mix, product reliability and Project Quantum Leap initiatives. Durable reductions in service labor and longer stack life improve unit economics, making sustained margin expansion and the path to positive EBITDA more plausible over multiple quarters.
Asset Monetization Improving Near-term LiquidityA coordinated asset-monetization program (targeting >$275M) and the Graham, Texas sale provide structural liquidity relief and lower maintenance burdens. Enhanced funding visibility reduces short-term refinancing pressure, enabling continued operations, project execution and margin improvements while management scales hydrogen production and electrolyzer deployments.
Bears Say
Persistent Negative Cash FlowSustained negative operating cash flow (~-$580M TTM) and large free cash burn (~-$666M TTM) mean Plug depends on external financing or asset sales to fund growth. This chronic cash deficit constrains capital allocation, raises dilution/refinancing risk, and makes multi-year investment in electrolyzers and hydrogen infrastructure contingent on consistent liquidity execution.
Rising Leverage And Weakened Balance SheetLeverage climbed materially (debt-to-equity ~1.35 TTM), leaving ~$1.01B of debt against ~$0.75B equity. Elevated debt reduces financial flexibility, raises interest and covenant exposure, and limits the firm's ability to self-fund large, multi-year electrolyzer or hydrogen-network investments if operational improvement lags or asset monetizations are delayed.
Execution And Timing Risk On Large ProjectsMajor electrolyzer and plant projects face permitting, regulatory and FID timing risks (examples include port easement delays). Such execution uncertainty can defer revenue recognition, raise costs, and slow hydrogen-network scale-up; given project size and complexity, delays materially affect the timeline to achieve the backlog-driven growth and profitability targets.
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 $1.39 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 $3.11B.
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 29 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
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$3.65 (31.13% Upside)
$3.65 (31.13% Upside)
Blogger Sentiment
Neutral
PLUG Sentiment 50%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Increased
By 1.8M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.3%
Last 30 Days ▲ 0.1%
Last 30 Days ▲ 0.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
33.95%
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 Stock 12 Month Forecast
Average Price Target
$3.65
▲(31.13% Upside)
Technical Analysis
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Ownership Overview
0.63% Insiders
12.26% Mutual Funds
1.39% Other Institutional Investors
59.33% Public Companies and Individual Investors