Plug Power Inc. (PLUG)

US — Industrials Sector
Peers: FCEL  BE  MVST  SLDP  ENVX  NIO  BLDP  BLNK  QS 

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Key Metrics & Ratings

  • symbol PLUG
  • Rev/Share 0.6791
  • Book/Share 2.0434
  • PB 0.7741
  • Debt/Equity 0.3532
  • CurrentRatio 1.9456
  • ROIC -0.6466

 

  • MktCap 1742771200.0
  • FreeCF/Share -0.9526
  • PFCF -1.9343
  • PE -0.7168
  • Debt/Assets 0.1805
  • DivYield 0
  • ROE -0.8349

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 5
  • P/B Score 5
  • D/E Score 3

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade PLUG Seaport Research Partners Neutral Sell -- $1 Jan. 27, 2025

News

Rivian Unseats Lucid, DraftKings Ousts Plug Power In Russell 1000 Shake-Up
DKNG, LCID, PLUG, RIVN
Published: July 16, 2025 by: Benzinga
Sentiment: Positive

Each year, FTSE Russell recalibrates its U.S. indexes to ensure they accurately represent the evolving market. The Russell 1000 Index, comprising the largest 1,000 U.S. companies by market cap, saw some notable additions and exclusions in 2025.

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image for news Rivian Unseats Lucid, DraftKings Ousts Plug Power In Russell 1000 Shake-Up
Plug Power Eyes Reducing Cash Burn Rate: Can It Be a Game Changer?
PLUG
Published: July 16, 2025 by: Zacks Investment Research
Sentiment: Negative

PLUG's Project Quantum Leap cuts cash burn rate nearly 50% in Q1 2025, aiming for $200M in annualized savings.

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image for news Plug Power Eyes Reducing Cash Burn Rate: Can It Be a Game Changer?
Plug Power Stock Down 38% in Past Six Months: What Should Investors Do?
PLUG
Published: July 11, 2025 by: Zacks Investment Research
Sentiment: Negative

PLUG stock plunges 38% in six months amid falling hydrogen equipment sales and cash burn, despite long-term growth hopes.

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image for news Plug Power Stock Down 38% in Past Six Months: What Should Investors Do?
Plug Power ($PLUG) | Redwire ($RDW) | NFI Group ($NFYEF) | Planet Labs ($PL)
NFYEF, PL, PLUG
Published: July 09, 2025 by: Green Stock News
Sentiment: Positive

Welcome to the Green Stock News brief for Wednesday July 9th. Here are today's top headlines: Plug Power (NASDAQ: PLUG) has extended its supply agreement with a major U.S. industrial gas partner through 2030, ensuring a reliable and cost-effective hydrogen supply for its expanding business.

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image for news Plug Power ($PLUG) | Redwire ($RDW) | NFI Group ($NFYEF) | Planet Labs ($PL)
How a Government Loan Changes the Game for Plug Power
PLUG
Published: July 04, 2025 by: MarketBeat
Sentiment: Positive

For years, the story surrounding Plug Power NASDAQ: PLUG has been one of ambitious vision shadowed by a persistent question: how would it fund its massive growth plans without perpetually burning cash? That narrative has now fundamentally shifted.

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image for news How a Government Loan Changes the Game for Plug Power
Why Plug Power Stock Soared Today
PLUG
Published: July 03, 2025 by: The Motley Fool
Sentiment: Positive

Plug Power (PLUG 5.00%) stock closed out Thursday's trading with big gains. The company's share price rose 5% in the session amid a 0.8% gain for the S&P 500 and a 1% gain for the Nasdaq Composite.

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image for news Why Plug Power Stock Soared Today
Plug Power Eyes Expansion in Green Energy Sector: Can It Deliver Growth?
PLUG
Published: July 03, 2025 by: Zacks Investment Research
Sentiment: Neutral

PLUG battles cash burn and weak sales but eyes a turnaround with major hydrogen plant investments and a $1.66B DOE loan.

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image for news Plug Power Eyes Expansion in Green Energy Sector: Can It Deliver Growth?
Investors Heavily Search Plug Power, Inc. (PLUG): Here is What You Need to Know
PLUG
Published: July 03, 2025 by: Zacks Investment Research
Sentiment: Positive

Plug Power (PLUG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Read More
image for news Investors Heavily Search Plug Power, Inc. (PLUG): Here is What You Need to Know
Plug Power vs. Bloom Energy: Which Fuel Cell Stock Should You Bet On?
BE, PLUG
Published: June 30, 2025 by: Zacks Investment Research
Sentiment: Positive

BE's strong sales growth, rising EPS and expanding global partnerships give it an edge over struggling rival PLUG.

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image for news Plug Power vs. Bloom Energy: Which Fuel Cell Stock Should You Bet On?
Plug Power's Equipment Revenues Decline: Is the Risk Priced In?
PLUG
Published: June 27, 2025 by: Zacks Investment Research
Sentiment: Neutral

PLUG sees legacy product sales slump, but a 582% jump in electrolyzers revenues and global contracts signal a green pivot.

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image for news Plug Power's Equipment Revenues Decline: Is the Risk Priced In?
Plug Power's Electrolyzer Sales Jump in Q1: Can the Momentum Sustain?
PLUG
Published: June 20, 2025 by: Zacks Investment Research
Sentiment: Positive

PLUG's electrolyzer revenues soar in Q1 2025, fueled by rising global demand for green hydrogen solutions.

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image for news Plug Power's Electrolyzer Sales Jump in Q1: Can the Momentum Sustain?
Plug Power Down 39% YTD: How Should Investors Play the Stock?
PLUG
Published: June 13, 2025 by: Zacks Investment Research
Sentiment: Neutral

PLUG is down 39% YTD as cash burn and weak margins weigh, but revenue recovery signs and long-term potential keep hopes alive.

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image for news Plug Power Down 39% YTD: How Should Investors Play the Stock?
Insiders are buying Plug Power stock: is a short-squeeze coming?
PLUG
Published: June 10, 2025 by: Invezz
Sentiment: Positive

Plug Power stock price surged on Monday after the company expanded its relationship with Allied Green Ammonia, a company based in Uzbekistan. It jumped to a high of $1.24, its highest point since April 8, and 78% above its lowest level this year.

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image for news Insiders are buying Plug Power stock: is a short-squeeze coming?
Plug Power CFO Paul Middleton Underscores Continued Confidence in Strategic Growth with Additional Share Purchase
PLUG
Published: June 09, 2025 by: GlobeNewsWire
Sentiment: Neutral

LATHAM, N.Y., June 09, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced that Chief Financial Officer Paul Middleton has purchased an additional 650,000 shares of Plug's common stock on the open market. On June 9, 2025, Middleton acquired 650,000 shares at an average price of $1.0339 per share.

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image for news Plug Power CFO Paul Middleton Underscores Continued Confidence in Strategic Growth with Additional Share Purchase
Will the Cash Burn Reduction Strategy be a Game Changer for Plug Power?
PLUG
Published: June 06, 2025 by: Zacks Investment Research
Sentiment: Negative

PLUG narrows losses and cuts its cash burn nearly in half as Project Quantum Leap aims to reshape its financial trajectory.

Read More
image for news Will the Cash Burn Reduction Strategy be a Game Changer for Plug Power?
Here is What to Know Beyond Why Plug Power, Inc. (PLUG) is a Trending Stock
PLUG
Published: June 05, 2025 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Plug Power (PLUG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

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image for news Here is What to Know Beyond Why Plug Power, Inc. (PLUG) is a Trending Stock
What's Behind PLUG Stock's Deep Dive?
PLUG
Published: May 30, 2025 by: Forbes
Sentiment: Negative

Plug Power (NASDAQ: PLUG), a company specializing in hydrogen fuel cells, is facing severe financial difficulties, resulting in a 60% decline in its stock price year-to-date. Currently priced at just below $1, the stock has dropped over 70% from its 52-week peak of around $3.50.

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image for news What's Behind PLUG Stock's Deep Dive?
XPENG ($XPEV) | Plug Power ($PLUG) | Eos Energy ($EOSE) | Fusion Fuel Green ($HTOO)
HTOO, PLUG, XPEV
Published: May 29, 2025 by: Green Stock News
Sentiment: Positive

Welcome to the Green Stock News brief for Thursday May 29th. Here are today's top headlines: XPENG (NYSE: XPEV) has launched the all-electric MONA M03 Max in China, following the success of the MONA M03 Pro, which reached 120,000 units delivered in record time since its 2024 release.

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image for news XPENG ($XPEV) | Plug Power ($PLUG) | Eos Energy ($EOSE) | Fusion Fuel Green ($HTOO)
Is Trending Stock Plug Power, Inc. (PLUG) a Buy Now?
PLUG
Published: May 22, 2025 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Plug Power (PLUG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Read More
image for news Is Trending Stock Plug Power, Inc. (PLUG) a Buy Now?
3 Unloved Tech Stocks That Could Go Parabolic
PLUG, SERV, SOUN
Published: May 21, 2025 by: The Motley Fool
Sentiment: Neutral

Many tech investors like to hunt for companies that could be the next hot stock -- ones that have the potential for quick and steep rallies that defy the broad market's expectations and perhaps even their own underlying fundamentals.

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image for news 3 Unloved Tech Stocks That Could Go Parabolic
Plug Power CFO, Paul Middleton, Underscores Confidence in Financial Strength and Strategic Growth with Share Purchase
PLUG
Published: May 19, 2025 by: GlobeNewsWire
Sentiment: Neutral

SLINGERLANDS, N.Y., May 19, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive solutions for the hydrogen economy, today announced that its Chief Financial Officer, Paul Middleton, has purchased Plug's common stock in an open market transaction, underscoring his conviction in Plug's current strategy and future potential to dominate the hydrogen economy at scale. On May 16, 2025, Middleton acquired 350,000 shares at an average price of $0.7154 per share, for a total investment of approximately $250,000.

Read More
image for news Plug Power CFO, Paul Middleton, Underscores Confidence in Financial Strength and Strategic Growth with Share Purchase
Why Plug Power Stock Plummeted by 11% Today
PLUG
Published: May 15, 2025 by: The Motley Fool
Sentiment: Neutral

Leading hydrogen fuel cell developer Plug Power (PLUG -10.72%) needed some juice on Thursday, as investors aggressively traded out of the company. They were largely reacting to news of a federal review of grants and other forms of support doled out to a range of energy companies, including Plug Power.

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image for news Why Plug Power Stock Plummeted by 11% Today
Plug Power: Sell On Likely Loss Of Hydrogen Production Tax Credit (Downgrade)
PLUG
Published: May 14, 2025 by: Seeking Alpha
Sentiment: Neutral

Plug Power Inc. reported improved Q1 2025 results due to a combination of price increases for the company's service offerings and aggressive cost reduction efforts. However, gross margins remained in deeply negative territory and the business continues to consume substantial amounts of cash. While PLUG liquidity appears to be sufficient for the remainder of the year, the low share price has impacted the company's funding options.

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image for news Plug Power: Sell On Likely Loss Of Hydrogen Production Tax Credit (Downgrade)
Plug Power Q1 Loss Wider Than Expected, Revenues Beat Estimates
PLUG
Published: May 13, 2025 by: Zacks Investment Research
Sentiment: Positive

PLUG posts first-quarter 2025 results, wherein its revenues increase 11.1% year over year on growing electrolyzer deliveries and continued demand in material handling.

Read More
image for news Plug Power Q1 Loss Wider Than Expected, Revenues Beat Estimates
Plug Power, Inc. (PLUG) is Attracting Investor Attention: Here is What You Should Know
PLUG
Published: May 01, 2025 by: Zacks Investment Research
Sentiment: Positive

Plug Power (PLUG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Read More
image for news Plug Power, Inc. (PLUG) is Attracting Investor Attention: Here is What You Should Know
Plug Power: Stock Rallies On Preliminary Q1 Results And New Financing Announcement - Hold
PLUG
Published: April 28, 2025 by: Seeking Alpha
Sentiment: Positive

Plug Power's shares rallied after the company pre-announced Q1 revenues in-line with management's previous guidance range and highlighted lower cash usage. In addition, the company entered into an up to $525 million secured debt agreement with existing lender Yorkville Advisors. Unfortunately, a closer look at Plug Power's regulatory filings reveals an expensive transaction with a 15%+ interest rate and harsh amortization requirements.

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image for news Plug Power: Stock Rallies On Preliminary Q1 Results And New Financing Announcement - Hold
Remember Plug Power Stock? It Might Be Back!
PLUG
Published: April 28, 2025 by: Schaeffers Research
Sentiment: Positive

We covered Plug Power Inc (NASDAQ:PLUG) stock 53 times in 2021, and only seven times in 2024.

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image for news Remember Plug Power Stock? It Might Be Back!
Plug Power shares pop on strong preliminary Q1 results
PLUG
Published: April 28, 2025 by: Proactive Investors
Sentiment: Positive

Plug Power (NASDAQ:PLUG) shares surged after the company announced strong preliminary revenue results for the first quarter of 2025 and the signing of a significant $525 million secured credit facility with Yorkville Advisors. The company, which is developing green hydrogen and fuel cell technologies, said it expects first quarter revenue in the range of $130 million to $134 million, in line with the analyst consensus of $131.6 million.

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image for news Plug Power shares pop on strong preliminary Q1 results
Plug Power Signs $525 Million Secured Credit Facility with Yorkville Advisors and Reports Strong Preliminary Q1 2025 Results
PLUG
Published: April 28, 2025 by: GlobeNewsWire
Sentiment: Neutral

SLINGERLANDS, N.Y., April 28, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions, today announced it has signed a definitive agreement for a secured debt facility and achieved key operational and financial milestones that support its path toward profitability and long-term growth.

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image for news Plug Power Signs $525 Million Secured Credit Facility with Yorkville Advisors and Reports Strong Preliminary Q1 2025 Results
Why Plug Power, Oklo, Constellation Energy, and Nano Nuclear Energy Stocks Slumped Today
CEG, NNE, OKLO, PLUG
Published: April 21, 2025 by: The Motley Fool
Sentiment: Negative

Nuclear power stocks opened the post-holiday week broadly lower on Monday, with shares of Oklo (OKLO -8.14%) falling 6.3% through 10:45 a.m. ET, Constellation Energy (CEG -8.48%) down 6.5%, and Nano Nuclear Energy (NNE -9.67%) faring worst of all -- down 10.8%.

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image for news Why Plug Power, Oklo, Constellation Energy, and Nano Nuclear Energy Stocks Slumped Today

About Plug Power Inc. (PLUG)

  • IPO Date 1999-10-29
  • Website https://www.plugpower.com
  • Industry Electrical Equipment & Parts
  • CEO Andrew J. Marsh
  • Employees 3224

Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. The company provides proton exchange membrane (PEM), fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. It has strategic agreements with Airbus; Lhyfe; Edison Motors; Phillips 66; Apex Clean Energy; BAE Systems; and Universal Hydrogen Co. The company was founded in 1997 and is headquartered in Latham, New York.