Plug Power Inc. (PLUG)

US — Industrials Sector
Peers: EAF  HAYW  AMPX  EOSE  HAFN  MATX  GTLS  AIR  KFY  KAI 

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Key Metrics & Ratings

  • symbol PLUG
  • Rev/Share 0.5972
  • Book/Share 1.5657
  • PB 1.4476
  • Debt/Equity 0.3252
  • CurrentRatio 1.5914
  • ROIC -0.6638

 

  • MktCap 2233218794.0
  • FreeCF/Share -0.6838
  • PFCF -2.8987
  • PE -1.2351
  • Debt/Assets 0.163
  • DivYield 0
  • ROE -0.9494

 

  • Rating B-
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 5
  • P/B Score 4
  • D/E Score 2

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

Plug Power Remains Plagued by Margin Woes: Can It Buck the Trend?
PLUG
Published: December 09, 2025 by: Zacks Investment Research
Sentiment: Negative

PLUG's deeper margin slide and heavy Q3 impairments underscore persistent cost strains despite its push to streamline operations and expand capacity.

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image for news Plug Power Remains Plagued by Margin Woes: Can It Buck the Trend?
2 must-buy penny stocks by January 1, 2026
MNDR, PLUG
Published: December 03, 2025 by: Finbold
Sentiment: Neutral

For most investors, penny stocks are viewed as sitting at the intersection of high risk and high potential, attracting those willing to navigate significant volatility.

Read More
image for news 2 must-buy penny stocks by January 1, 2026
Will Softening Equipment Demand Limit Plug Power's Growth Potential?
PLUG
Published: December 02, 2025 by: Zacks Investment Research
Sentiment: Negative

PLUG faces weakening demand across legacy products, while rising electrolyzer sales offer a rare bright spot amid its Q3 pressures.

Read More
image for news Will Softening Equipment Demand Limit Plug Power's Growth Potential?
Planet Labs ($PL) | Plug Power ($PLUG) | Stratasys ($SSYS) | Spire Global ($SPIR)
PL, PLUG, SPIR, SSYS
Published: December 01, 2025 by: Green Stock News
Sentiment: Positive

Welcome to the Green Stock News brief for Monday December 1st. Here are today's top headlines: Planet Labs (NYSE: PL) has successfully launched its AI-enabled Pelican-5 and Pelican-6 satellites on the SpaceX Transporter-15 mission, and has begun commissioning after establishing contact.

Read More
image for news Planet Labs ($PL) | Plug Power ($PLUG) | Stratasys ($SSYS) | Spire Global ($SPIR)
Investors Heavily Search Plug Power, Inc. (PLUG): Here is What You Need to Know
PLUG
Published: November 27, 2025 by: Zacks Investment Research
Sentiment: Positive

Recently, Zacks.com users have been paying close attention to Plug Power (PLUG). This makes it worthwhile to examine what the stock has in store.

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image for news Investors Heavily Search Plug Power, Inc. (PLUG): Here is What You Need to Know
Plug Power vs. Flux Power: Which Clean Energy Stock Has the Edge?
FLUX, PLUG
Published: November 26, 2025 by: Zacks Investment Research
Sentiment: Neutral

PLUG's rising electrolyzer demand contrasts with FLUX's order declines, sharpening the clean-energy battle for investors.

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image for news Plug Power vs. Flux Power: Which Clean Energy Stock Has the Edge?
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Plug Power Inc. - PLUG
PLUG
Published: November 21, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Plug Power Inc. (“Plug” or the “Company”) (NASDAQ: PLUG). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

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image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Plug Power Inc. - PLUG
Plug Power Announces Special Meeting of Stockholders and Filing of Preliminary Proxy Statement
PLUG
Published: November 21, 2025 by: GlobeNewsWire
Sentiment: Neutral

SLINGERLANDS, N.Y., Nov. 21, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG) (the “Company” or “Plug”), a global leader in comprehensive hydrogen solutions for the hydrogen economy, will hold a Special Meeting of Stockholders (the “Special Meeting”) on January 15, 2026, at 10:00 a.m. Eastern Time. The meeting will be conducted in a virtual format only.

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image for news Plug Power Announces Special Meeting of Stockholders and Filing of Preliminary Proxy Statement
Plug Power Nets $399 Million in Cash Following Successful Financing; Eliminates First Lien and Fully Funds Current Business Plan
PLUG
Published: November 21, 2025 by: GlobeNewsWire
Sentiment: Neutral

SLINGERLANDS, N.Y., Nov. 21, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced the successful closing of the previously announced offering of $375 million aggregate principal amount of 6.75% convertible notes due 2033, including the full exercise of the initial purchasers' option to purchase an additional $56.25 million aggregate principal amount of the notes, resulting in a total aggregate principal amount of $431.25 million. Plug received total net proceeds from the offering of approximately $399.4 million, after deducting the initial purchasers' discount and estimated offering expenses.

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image for news Plug Power Nets $399 Million in Cash Following Successful Financing; Eliminates First Lien and Fully Funds Current Business Plan
Plug Power Stock Is Plunging. Here's What Investors Need to Know.
PLUG
Published: November 19, 2025 by: Investopedia
Sentiment: Negative

Plug Power (PLUG) shares sank Wednesday after the maker of hydrogen fuel cells announced it would sell $375 million in debt that could be converted into stock.

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image for news Plug Power Stock Is Plunging. Here's What Investors Need to Know.
Plug Power Kicks The Can To 2033, Escapes 'Death Spiral' Debt
PLUG
Published: November 19, 2025 by: Benzinga
Sentiment: Neutral

Plug Power, Inc. (NASDAQ: PLUG) stock took a hit on Wednesday as investors digested the company's convertible notes offering — but, looking past the immediate drop, it's a calculated move to fix Plug's balance sheet.

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image for news Plug Power Kicks The Can To 2033, Escapes 'Death Spiral' Debt
How Plug Power's 59% Stock Crash Has Put Clean-Energy ETFs At Risk
PLUG, HYDR, ICLN, PBW
Published: November 19, 2025 by: Benzinga
Sentiment: Negative

Plug Power Inc's (NASDAQ: PLUG) latest capital raise is having far-reaching effects beyond its own stock.

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image for news How Plug Power's 59% Stock Crash Has Put Clean-Energy ETFs At Risk
Top Stock Movers Now: Lowe's, Nvidia, Alphabet, Plug Power, and More
GOOG, GOOGL, LOW, NVDA, PLUG
Published: November 19, 2025 by: Investopedia
Sentiment: Positive

Major U.S. equities indexes were mixed at midday Wednesday ahead of highly anticipated earnings from Nvidia (NVDA) due after the closing bell. The S&P 500 and Nasdaq gained, while the Dow fell.

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image for news Top Stock Movers Now: Lowe's, Nvidia, Alphabet, Plug Power, and More
Plug Power Undertakes Cost Measures: Can It Overcome Rising Losses?
PLUG
Published: November 19, 2025 by: Zacks Investment Research
Sentiment: Neutral

PLUG's cost cuts and operational shifts clash with deeper losses as margins slide and impairments rise.

Read More
image for news Plug Power Undertakes Cost Measures: Can It Overcome Rising Losses?
PLUG Stock To $1?
PLUG
Published: November 18, 2025 by: Forbes
Sentiment: Negative

Plug Power (NASDAQ: PLUG) has become one of the most highly reactive clean-energy stocks in the market. After trading above $4 in early October, the stock experienced a severe 40% drop, plummeting as investors abandoned high-beta renewable companies in response to rising Treasury yields and escalating tariff concerns.

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image for news PLUG Stock To $1?
Here is What to Know Beyond Why Plug Power, Inc. (PLUG) is a Trending Stock
PLUG
Published: November 14, 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
Plug Power Surges 38.6% YTD: Should Investors Ride the Rally?
PLUG
Published: November 13, 2025 by: Zacks Investment Research
Sentiment: Positive

PLUG's strong electrolyzer demand, global partnerships and green hydrogen momentum fuel optimism despite ongoing margin and cash flow challenges.

Read More
image for news Plug Power Surges 38.6% YTD: Should Investors Ride the Rally?
Plug Power: Progress Is Clear, Profits Aren't
PLUG
Published: November 11, 2025 by: Seeking Alpha
Sentiment: Positive

Plug Power Inc. is building a full-scale green hydrogen ecosystem, expanding electrolyzer sales, and benefiting from supportive government policies. PLUG's Q3 revenue rose modestly, with strong growth in electrolyzer sales and improved cash flow, but overall profitability remains elusive. Despite operational improvements, PLUG stock trades at a significant premium to sector peers, justified mainly by sales-based valuations rather than earnings.

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image for news Plug Power: Progress Is Clear, Profits Aren't
Plug Power is using the AI power boom to generate cash and ditch unneeded government support
PLUG
Published: November 11, 2025 by: Market Watch
Sentiment: Positive

Plug Power has dropped out of a government loan program, deciding it was more cost-effective to pay for hydrogen supply than to build its own network. Analysts agree.

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image for news Plug Power is using the AI power boom to generate cash and ditch unneeded government support
PLUG's Q3 Equipment Revenues Decline Y/Y: What's the Reason Behind It?
PLUG
Published: November 11, 2025 by: Zacks Investment Research
Sentiment: Neutral

Plug Power sees revenue declines in legacy product lines, but rising electrolyzer demand may fuel a turnaround.

Read More
image for news PLUG's Q3 Equipment Revenues Decline Y/Y: What's the Reason Behind It?
How to Approach Plug Power Stock Ahead of Its Q3 Earnings Release?
PLUG
Published: November 07, 2025 by: Zacks Investment Research
Sentiment: Negative

PLUG faces margin pressures ahead of Q3 earnings, but strong electrolyzer demand and global partnerships are likely to offer support.

Read More
image for news How to Approach Plug Power Stock Ahead of Its Q3 Earnings Release?
Insights Into Plug Power (PLUG) Q3: Wall Street Projections for Key Metrics
PLUG
Published: November 06, 2025 by: Zacks Investment Research
Sentiment: Positive

Besides Wall Street's top-and-bottom-line estimates for Plug Power (PLUG), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2025.

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image for news Insights Into Plug Power (PLUG) Q3: Wall Street Projections for Key Metrics
Can Solid Electrolyzer Demand Drive Plug Power's Q3 Sales?
PLUG
Published: November 05, 2025 by: Zacks Investment Research
Sentiment: Positive

PLUG's soaring electrolyzer sales, new global deals and project milestones fuel its accelerating growth momentum.

Read More
image for news Can Solid Electrolyzer Demand Drive Plug Power's Q3 Sales?
Archer Aviation ($ACHR) | WeRide ($WRD) | Plug Power ($PLUG) | ChargePoint ($CHPT)
ACHR, CHPT, PLUG, WRD
Published: November 05, 2025 by: Green Stock News
Sentiment: Positive

Welcome to the Green Stock News brief for Wednesday November 5th. Here are today's top headlines: Archer Aviation (NYSE: ACHR) has announced that its Midnight aircraft has been selected by the Tokyo Metropolitan Government for phase one of Tokyo's “eVTOL Implementation Project.

Read More
image for news Archer Aviation ($ACHR) | WeRide ($WRD) | Plug Power ($PLUG) | ChargePoint ($CHPT)
Will Plug Power (PLUG) Report Negative Q3 Earnings? What You Should Know
PLUG
Published: November 04, 2025 by: Zacks Investment Research
Sentiment: Negative

Plug Power (PLUG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Will Plug Power (PLUG) Report Negative Q3 Earnings? What You Should Know
Bloom Energy vs. Plug Power: Which Fuel-Cell Stock Should You Buy Now?
BE, PLUG
Published: October 31, 2025 by: Zacks Investment Research
Sentiment: Neutral

BE and PLUG stock can provide emission-free power to customers, bypassing the need for the grid.

Read More
image for news Bloom Energy vs. Plug Power: Which Fuel-Cell Stock Should You Buy Now?
Is Trending Stock Plug Power, Inc. (PLUG) a Buy Now?
PLUG
Published: October 31, 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 Is Trending Stock Plug Power, Inc. (PLUG) a Buy Now?
BorgWarner ($BWA) | Plug Power ($PLUG) | Clean Energy Fuels ($CLNE) | Aduro Clean Tech ($ADUR)
ACTHF, BWA, CLNE, PLUG
Published: October 30, 2025 by: Green Stock News
Sentiment: Positive

Welcome to the Green Stock News brief for Thursday October 30th. Here are today's top headlines: BorgWarner (NYSE: BWA) has secured its first North American contract to supply battery technology for autonomous vehicles, providing its NMC 157 cylindrical cell battery system for the fully electric, Level 4 HOLON urban shuttle.

Read More
image for news BorgWarner ($BWA) | Plug Power ($PLUG) | Clean Energy Fuels ($CLNE) | Aduro Clean Tech ($ADUR)
Traders Are Actively Buying These Stocks Right Now
OPEN, PLUG, QBTS, RGTI
Published: October 24, 2025 by: 24/7 Wall Street
Sentiment: Neutral

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image for news Traders Are Actively Buying These Stocks Right Now
4 Stocks Traders Are Buying Hand Over Fist Today
BITF, NOK, PLUG, QBTS
Published: October 23, 2025 by: 24/7 Wall Street
Sentiment: Neutral

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image for news 4 Stocks Traders Are Buying Hand Over Fist 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.