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PLUG Stock Chart & Stats
$2.27
-$0.10(-4.57%)
At close: 4:00 PM EDT
$2.27
-$0.10(-4.57%)
Day’s Range― - ―
52-Week Range$1.34 - $4.33
Previous CloseN/A
Volume37.38M
Average Volume (3M)50.88M
Market Cap
$1.97B
Enterprise Value$4.50B
Total Cash (Recent Filing)$161.89M
Total Debt (Recent Filing)$823.10M
Price to Earnings (P/E)―
Beta0.89
Next Earnings
Nov 09, 2026EPS Estimate
-0.07Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.36
Shares Outstanding1,397,195,300
10 Day Avg. Volume56,290,760
30 Day Avg. Volume50,882,625
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 Cap2.28
Enterprise Value/Revenue6.04
Enterprise Value/Gross Profit-32.58
Enterprise Value/Ebitda-2.81
Forecast
1Y Price Target
$2.97Price Target Upside30.69% Upside
Rating ConsensusHold
Number of Analyst Covering13
EPS Forecast (FY)-0.42
Revenue Forecast (FY)$819.64M
Bulls Say, Bears Say
Bulls Say
Raised Revenue OutlookHigher revenue guidance and year-over-year growth indicate improving commercial traction across Plug Power’s offerings. If sustained, this expansion can increase operating leverage, support customer adoption, and strengthen the company’s path toward better financial performance over the next several quarters.
Improving Margins And Cost DisciplineThe large improvement in gross margin, combined with lower operating expenses, suggests that restructuring, plant utilization, and service economics are beginning to improve the cost base. Continued execution could make future revenue growth more valuable by reducing losses and increasing operating leverage.
Material-handling Recurring OpportunityLarge planned fleet refreshes provide a multi-year demand opportunity for GenDrive equipment and related services. The strong service growth also supports a more recurring revenue mix, which could improve customer retention, visibility, and lifetime economics as the installed base expands.
Bears Say
Deeply Unprofitable OperationsPlug Power is still generating substantial losses despite strong revenue growth, indicating that scale has not yet produced sustainable economics. Persistently negative gross margins and very large net losses could continue to require external financing and limit the company’s ability to fund expansion internally.
Persistent Cash Burn And LeverageOngoing cash consumption and rising leverage reduce financial flexibility while the business remains unprofitable. Reliance on external funding can constrain investment choices, increase financing pressure, and make execution more sensitive to delays in growth projects or planned liquidity initiatives.
Negative Fuel And PPA EconomicsThe fuel and PPA businesses remain materially loss-making, so increased volume in these segments may not translate into durable earnings improvement. Further production, network, and contractual changes are needed before these activities can consistently contribute positive margins and cash generation.
Plug Power News
PLUG FAQ
What was Plug Power’s price range in the past 12 months?
Plug Power lowest stock price was $1.34 and its highest was $4.33 in the past 12 months.
What is Plug Power’s market cap?
Plug Power’s market cap is $1.97B.
When is Plug Power’s upcoming earnings report date?
Plug Power’s upcoming earnings report date is Nov 09, 2026 which is in 18 days.
How were Plug Power’s earnings last quarter?
Plug Power released its earnings results on Aug 10, 2026. The company reported -$0.14 earnings per share for the quarter, missing the consensus estimate of -$0.078 by -$0.062.
Is Plug Power overvalued?
According to Wall Street analysts Plug Power’s price is currently Undervalued.
Does Plug Power pay dividends?
Plug Power does not currently pay dividends.
What is Plug Power’s EPS estimate?
Plug Power’s EPS estimate is -0.07.
How many shares outstanding does Plug Power have?
Plug Power has 1,397,195,300 shares outstanding.
What happened to Plug Power’s price movement after its last earnings report?
Plug Power reported an EPS of -$0.14 in its last earnings report, missing expectations of -$0.078. Following the earnings report the stock price went up 5.213%.
Which hedge fund is a major shareholder of Plug Power?
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
Underperform
1
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3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$2.97 (30.69% Upside)
$2.97 (30.69% Upside)
Blogger Sentiment
Neutral
PLUG Sentiment 62%
Sector Average 63%
Sector Average 63%
Hedge Fund Trend
Increased
By 38.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.2%
Last 30 Days ▼ 3.6%
Last 30 Days ▼ 3.6%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-58.82%
12-Months-Change
Fundamentals
Return on Equity
-176.19%
Trailing 12-Months
Asset Growth
-34.62%
Trailing 12-Months
Learn more about TipRanks 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.
PLUG Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed clear and measurable operational improvement: stronger revenue, significant sequential and year-over-year margin improvements, sharp reductions in cash burn, meaningful commercial wins in electrolyzers and material handling, and concrete near-term liquidity via asset monetization. Balancing this, several material challenges remain — notably deeply negative fuel and PPA margins, GAAP losses driven in part by non-cash charges, some one-time drivers to OpEx improvement, and execution/timing risk on large electrolyzer projects and asset sales. Overall the momentum and visibility into the second half, coupled with raised guidance and demonstrated cash burn reduction, outweigh the remaining issues.View all PLUG earnings summariesPLUG Stock 12 Month Forecast
Average Price Target
$2.97
▲(30.69% Upside)
Technical Analysis
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Ownership Overview
0.61% Insiders
12.24% Mutual Funds
0.30% Other Institutional Investors
62.89% Public Companies and Individual Investors