Plug Power stock analysis
Plug Power (0R1J) Share Price & Analysis
0R1J Stock Chart & Stats
- Day’s Range
- $1.22 - $1.35
- 52-Week Range
- $1.22 - $4.33
- Previous Close
- $1.36
- Volume
- N/A
- Average Volume (3M)
- 433.30K
- Market Cap
- $1.90B
- Enterprise Value
- $3.60B
- Total Cash (Recent Filing)
- $134.13M
- Total Debt (Recent Filing)
- $888.48M
- Price to Earnings (P/E)
- ―
- Beta
- -0.51
- Next Earnings
- Mar 04, 2027 (Est.)
- EPS Estimate
- -0.04
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Revenue Growth
Improving quarterly revenue and reaffirmed full-year guidance indicate broader customer adoption and expanding commercial activity. If sustained, this growth can increase operating leverage, support larger deployments, and strengthen Plug’s position across material handling and hydrogen infrastructure markets.
Margin And Cost Improvement
The sharp year-over-year improvement in gross margin and operating expenses shows meaningful progress in the company’s cost structure. Continued restructuring, better pricing, and higher volumes could provide operating leverage and move the business closer to sustainable profitability.
Commercial Pipeline And Installed Base
Large electrolyzer agreements and a sizable material-handling refresh cycle create multi-period commercial opportunities beyond a single quarter. These projects can deepen customer relationships, generate equipment and service revenue, and improve utilization of Plug’s existing infrastructure and capabilities.
Bears Say
Persistent Unprofitability
Despite better revenue and margins, the company has not yet demonstrated a profitable core business. Persistent negative gross profit and very large operating losses can consume capital, limit reinvestment, and leave future earnings dependent on further execution improvements.
Cash Burn And Leverage
Ongoing cash consumption combined with rising leverage reduces financial flexibility and increases dependence on funding or asset monetization. If the transition toward positive cash generation is delayed, Plug may have less capacity to finance projects, absorb setbacks, or sustain operations independently.
Negative Fuel And PPA Economics
Negative fuel and PPA margins show that important recurring parts of the business remain economically unfavorable despite year-over-year improvement. Continued losses in these areas could offset equipment gains, weaken cash generation, and make profitability dependent on successful operational fixes and pricing.
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Plug Power Stock Smart Score
Company Description
Plug Power
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.
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
- CEO
- Jose Luis Crespo
- Employees
- 2,344
- Website
- www.plugpower.com
- Address
- 125 Vista Boulevard, Slingerlands, NY, 12159, US
Plug Power (0R1J) Earnings & Revenues
0R1J Earnings Call
Earnings Call SentimentPositive
The call was predominantly positive, with strong year-over-year revenue growth, major gross-margin improvement, sharply lower operating expenses, record-low net cash usage without new capital and substantial material handling and electrolyzer pipeline activity. The main challenges were that several margins remained negative, electrolyzer revenue was expected to decline for the full year, positive EPS depended on noncash fair-value gains, plant outages affected fuel margin and Stream monetization proceeds were delayed. Management expressed confidence in Q4 execution while acknowledging remaining work and execution requirements.
View all GB:0R1J earnings summaries0R1J Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 1 | 6 | 15 |
| Technical Analysis | 1 | 6 | 3 |
| Moving Averages | 0 | 0 | 12 |











