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PLUG Stock Chart & Stats
$2.09
-$0.10(-4.57%)
At close: 4:00 PM EDT
$2.09
-$0.10(-4.57%)
Day’s Range― - ―
52-Week Range$1.41 - $4.58
Previous CloseN/A
Volume37.38M
Average Volume (3M)47.96M
Market Cap
$2.87B
Enterprise Value$3.77K
Total Cash (Recent Filing)$223.19M
Total Debt (Recent Filing)$1.01B
Price to Earnings (P/E)―
Beta1.19
Next Earnings
Aug 10, 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. Volume42,188,718
30 Day Avg. Volume47,958,950
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$3.65Price Target Upside74.42% Upside
Rating ConsensusHold
Number of Analyst Covering13
EPS Forecast (FY)-0.35
Revenue Forecast (FY)$813.90M
Bulls Say, Bears Say
Bulls Say
Electrolyzer & Project PipelineElectrolyzer revenue surged 343% and management cites an ~ $8B opportunity funnel with large awards (Iberdrola, Galp, Hytogen). This shifts Plug toward utility-scale green hydrogen projects, diversifying revenue and creating multi-year, higher‑ticket project and services streams that support durable top‑line expansion beyond material handling.
Margin & Service Cost ImprovementGross margin swung dramatically (-55% to -13%) while per‑unit GenDrive service cost fell ~30%, reflecting volume leverage, better product mix and Project Quantum Leap cost actions. Longer stack life and fewer field touches lower recurring service costs, supporting sustainable margin improvement as production and installed base scale.
Liquidity Via Asset MonetizationPlug’s asset‑monetization program and the Stream transactions are targeted to unlock >$275M, with near‑term proceeds (Texas sale and Gateway amendments) and restricted‑cash releases. These structural funding actions materially improve near‑term liquidity and lower immediate refinancing pressure, providing runway to execute growth and margin initiatives.
Bears Say
Persistent Negative Cash FlowPlug generates significant negative operating and free cash flow (OCF -$580M TTM, FCF -$666M TTM), indicating structural cash burn. Continued reliance on external funding, asset sales or restricted‑cash releases is required to fund operations and growth, which constrains capital allocation and increases dilution or refinancing risk until sustained positive cash generation.
High Leverage & Weaker EquityLeverage has increased materially (debt ~$1.01B vs equity ~$0.75B, D/E ~1.35), reducing financial flexibility. Elevated debt raises interest and refinancing exposure, limits ability to absorb project delays or invest incrementally, and raises the bar for achieving self‑funding as Plug scales its hydrogen infrastructure.
Execution & Timing Risk On Large ProjectsLarge electrolyzer and infrastructure projects are complex and subject to permitting, approvals and coordination (examples include a delayed 50 MW Australia project). These execution and timing risks can defer revenue recognition and margin realization, exacerbate cash needs, and concentrate operational risk over multiple quarters.
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 $1.41 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 $2.87B.
When is Plug Power Inc’s upcoming earnings report date?
Plug Power Inc’s upcoming earnings report date is Aug 10, 2026 which is in 3 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
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
$3.65 (74.42% Upside)
$3.65 (74.42% Upside)
Blogger Sentiment
Neutral
PLUG Sentiment 60%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 1.8M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.2%
Last 30 Days ▼ 1.8%
Last 30 Days ▼ 1.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
11.95%
12-Months-Change
Fundamentals
Return on Equity
―
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
$3.65
▲(74.42% Upside)
Technical Analysis
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Ownership Overview
0.63% Insiders
12.26% Mutual Funds
2.44% Other Institutional Investors
57.96% Public Companies and Individual Investors