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PLUG Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
2.860
Open
2.730
VWAP
2.78
Vol
66.37M
Mkt Cap
3.98B
Low
2.640
Amount
184.74M
EV/EBITDA(TTM)
--
Total Shares
1.40B
EV
4.27B
EV/OCF(TTM)
--
P/S(TTM)
4.50
Plug Power Inc. is engaged in providing an end-to-end hydrogen ecosystem, from production, storage, and delivery to energy generation. The Company is focused on delivering hydrogen solutions. Its vertically integrated, end-to-end hydrogen solutions are designed to fit customer needs, including hydrogen production equipment and the delivery of hydrogen fuel, including fuel cells, proton exchange membrane (PEM) electrolyzers, hydrogen liquefiers, liquid hydrogen cryogenic solutions, and hydrogen production. Its product and service portfolio includes GenDrive, GenFuel, GenCare, GenKey, GenEco Electrolyzers, Liquefaction Systems, Cryogenic Equipment, GenSure, and Liquid Hydrogen. GenDrive is a hydrogen fueled PEM fuel cell system, providing power to material handling electric vehicles (EVs), including Class 1, 2, 3 and 6 electric forklifts, automated guided vehicles, and ground support equipment. GenFuel is a liquid hydrogen fueling, delivery, generation, storage, and dispensing system.
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Events Timeline

(ET)
2026-06-17
17:00:00
Plug Power Shares Dip Slightly, Options Activity Moderate
select
2026-05-21 (ET)
2026-05-21
12:20:00
SpaceX and OpenAI Accelerate IPO Timelines
select
2026-05-20 (ET)
2026-05-20
07:10:00
Plug Power Announces Final Investment Decision for Barrow Green Hydrogen Project
select

News

Fool
9.5
06-16Fool
Plug Power's Growth Potential Amid Stock Pullback
  • Sales Growth Recovery: Plug Power's revenue rebounded to $710 million in 2025, reflecting a 13% increase from 2024, indicating a gradual recovery in growth amid declining interest rates and increased green hydrogen production, despite macroeconomic pressures.
  • Customer Base Expansion: By the end of 2025, Plug Power deployed over 74,000 fuel cell systems, up from approximately 50,000 at the end of 2021, primarily due to partnerships with Amazon and Walmart, which not only enhanced market share but also strengthened its competitive position in the hydrogen sector.
  • Optimistic Future Outlook: Analysts project a 15% revenue increase to $813 million in 2026, with a narrowed net loss of $492 million, driven by a 275 MW electrolyzer contract with Hy2gen and new hydrogen facilities from the U.S. Department of Energy, positioning the company for further growth in the green hydrogen market.
  • Financial Health Status: Despite holding $802 million in cash at the end of Q1 2026, Plug Power's total liabilities reached $1.59 billion, resulting in a debt-to-equity ratio of 2.1, indicating liquidity pressures during expansion, necessitating attention to its financial stability moving forward.
NASDAQ.COM
7.5
06-16NASDAQ.COM
Analysis of Plug Power's 40% Stock Pullback
  • Stock Pullback: Plug Power's stock has declined over 40% from its 52-week high of $4.58 on October 6, 2025, reflecting market concerns over rising interest rates and reduced clean energy subsidies, although its long-term growth potential remains attractive to investors.
  • Customer Base Expansion: By the end of 2025, Plug Power's deployed fuel cell systems increased from approximately 50,000 at the end of 2021 to over 74,000, primarily due to acquisitions of two cryogenic storage companies, demonstrating the company's capacity for expansion in the hydrogen market.
  • Revenue Growth Volatility: Plug Power's revenue reached $701 million in 2022 and grew to $891 million in 2023, but is expected to drop to $629 million in 2024, reflecting macroeconomic pressures on hydrogen projects; however, revenue is projected to rebound to $710 million in 2025.
  • Future Outlook: Analysts expect Plug Power's revenue to reach $1.16 billion by 2028, with an 18% CAGR, driven by its leading position in the green hydrogen market and the upcoming 275 MW electrolyzer contract, indicating significant potential for the company in future markets.
Fool
4.5
06-13Fool
Plug Power's Transformation Plan Outlook
  • Project Quantum Leap: Plug Power is implementing Project Quantum Leap to enhance operational efficiency, aiming to reverse its trend of $8.2 billion in accumulated losses since going public, with a net loss of $1.6 billion last year, by focusing on higher-margin products.
  • Electrolyzer Revenue Surge: During its transformation, Plug Power's electrolyzer revenue skyrocketed 343% year-over-year to $40.8 million in Q1, driven by strong demand in Europe and regulatory support, with a projected need for 4 to 6 gigawatts of electrolyzer capacity by 2030.
  • In-House Hydrogen Production Expansion: The company has hydrogen production facilities in Tennessee, Georgia, and Louisiana with a combined capacity of about 40 tons per day, reducing reliance on expensive third-party hydrogen and improving margins, while a deal with a major industrial gas company has lowered the cost per kilogram of purchased fuel.
  • Investor Attention: Plug Power is striving to enhance its business outlook by combining its high-margin electrolyzer equipment pipeline with an optimized domestic fuel network, as investors hope the company can transition from a speculative cash-burning entity to a profitable player in the hydrogen ecosystem.
NASDAQ.COM
4.5
06-13NASDAQ.COM
Plug Power Initiates Project Quantum Leap to Achieve Profitability
  • Project Quantum Leap: Plug Power has initiated Project Quantum Leap, aiming to cut costs and focus on higher-margin businesses to achieve positive EBITDA by Q4 this year, potentially marking the company's first profitability in 25 years.
  • Surge in Electrolyzer Revenue: In Q1, Plug Power's electrolyzer revenue skyrocketed 343% year-over-year to $40.8 million, reflecting strong market demand, particularly in Europe, which is expected to drive future growth for the company.
  • Self-Sufficient Hydrogen Production: The company operates hydrogen production plants in Tennessee, Georgia, and Louisiana with a combined capacity of approximately 40 tons per day, reducing reliance on expensive third-party hydrogen and enhancing overall margins.
  • Cost Reduction Strategy: A partnership with a major industrial gas company has significantly lowered the cost per kilogram of hydrogen purchased, enabling Plug Power to offer competitive pricing in the western and northeastern U.S. markets, thereby strengthening its market position.
seekingalpha
2.0
06-11seekingalpha
Plug Power Shares Decline for Seven Straight Sessions
  • Stock Price Decline: Plug Power (PLUG) shares closed down 1.2% at $2.83 on Thursday, marking a seven-session losing streak with a cumulative loss of about 22%, indicating market concerns over its future performance.
  • Year-to-Date Comparison: While PLUG has risen over 41% year-to-date, its short-term performance appears weak compared to the S&P 500's 6% increase, with a more than 21% drop in the past month reflecting shaken investor confidence.
  • Analyst Rating Divergence: Seeking Alpha's Quant Rating gives PLUG a Hold rating of 3.16, highlighting concerns over profitability, despite five analysts rating it as Strong Buy, indicating differing views on its future potential.
  • Market Sentiment and Policy Support: Although analysts are optimistic about PLUG's prospects, citing potential growth from government policy support, expected revenue declines and other headwinds limit investor gains, suggesting a complex market sentiment.
stocktwits
3.5
06-09stocktwits
Hyliion's KARNO Generator Shows Significant Advantages
  • Technological Advantage: Hyliion's KARNO generator, based on Stirling engine technology, offers fuel flexibility with the capability to run on over 20 fuels, enabling customers to adapt to future fuel market changes and reducing the need for new assets, thereby enhancing long-term economic benefits.
  • Maintenance Cost Comparison: Compared to Bloom Energy's fuel cell systems, KARNO features longer maintenance intervals and lower costs; Healy noted that fuel cells typically require replacement after 4 to 5 years at costs reaching hundreds of thousands of dollars, while KARNO provides a lower total cost of ownership, attracting more customers.
  • Market Demand: Hyliion is actively addressing the growing demand for on-site electricity generation across data centers, defense applications, and commercial facilities, with KARNO's high efficiency and low maintenance making it a more attractive option than traditional grid electricity, which is expected to drive future market share growth for the company.
  • Technology Validation Challenge: Despite the multiple advantages of KARNO technology, Healy acknowledged that Hyliion is still in the early stages of commercialization compared to fuel cell providers, needing to validate its technology through partnerships with several large data centers and commercial customers.
Wall Street analysts forecast PLUG stock price to rise
15 Analyst Rating
Wall Street analysts forecast PLUG stock price to rise
4 Buy
8 Hold
3 Sell
Hold
Current: 0.000
sliders
Low
0.75
Averages
2.46
High
7.00
Current: 0.000
sliders
Low
0.75
Averages
2.46
High
7.00
Susquehanna
Charles Minervino
Neutral
maintain
AI Analysis
2026-05-13
Reason
Susquehanna
Charles Minervino
Price Target
AI Analysis
2026-05-13
maintain
Neutral
Reason
Susquehanna analyst Charles Minervino raised the firm's price target on Plug Power to $3.75 from $2.75 and keeps a Neutral rating on the shares. The fim updated its model following Q1 results as the company continues to make progress on its cost reduction efforts through its Project Quantum Leap initiative and is targeting reaching upside EBITDAS by 4Q26.
B. Riley
B. Riley
NULL
to
Buy
maintain
$3 -> $5
2026-05-12
Reason
B. Riley
B. Riley
Price Target
$3 -> $5
2026-05-12
maintain
NULL
to
Buy
Reason
B. Riley raised the firm's price target on Plug Power to $5 from $3 and keeps a Buy rating on the shares. Plug Power reported Q1 revenue well above expectations alongside improving gross margins, supported by cost actions from its "Project Quantum Leap" initiative, with management guiding to 13%-15% full-year revenue growth, sequential margin improvement through 2026, and a path toward positive EBITDAS in Q4 driven by stronger 2H seasonality, operational discipline, and planned asset monetization proceeds, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for PLUG
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Valuation Metrics

The current forward P/E ratio for Plug Power Inc (PLUG.O) is 13.11, compared to its 5-year average forward P/E of -17.81. For a more detailed relative valuation and DCF analysis to assess Plug Power Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-17.81
Current PE
13.11
Overvalued PE
12.98
Undervalued PE
-48.61

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-15.19
Current EV/EBITDA
-7.23
Overvalued EV/EBITDA
342.41
Undervalued EV/EBITDA
-372.79

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
7.59
Current PS
3.83
Overvalued PS
15.44
Undervalued PS
-0.26

Financials

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Whales Holding PLUG

E
Electron Capital Partners, LLC
Holding
PLUG
+16.49%
3M Return

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Frequently Asked Questions

What is Plug Power Inc (PLUG) stock price today?

The current price of PLUG is 2.85 USD — it has increased 7.55

What is Plug Power Inc (PLUG)'s business?

Plug Power Inc. is engaged in providing an end-to-end hydrogen ecosystem, from production, storage, and delivery to energy generation. The Company is focused on delivering hydrogen solutions. Its vertically integrated, end-to-end hydrogen solutions are designed to fit customer needs, including hydrogen production equipment and the delivery of hydrogen fuel, including fuel cells, proton exchange membrane (PEM) electrolyzers, hydrogen liquefiers, liquid hydrogen cryogenic solutions, and hydrogen production. Its product and service portfolio includes GenDrive, GenFuel, GenCare, GenKey, GenEco Electrolyzers, Liquefaction Systems, Cryogenic Equipment, GenSure, and Liquid Hydrogen. GenDrive is a hydrogen fueled PEM fuel cell system, providing power to material handling electric vehicles (EVs), including Class 1, 2, 3 and 6 electric forklifts, automated guided vehicles, and ground support equipment. GenFuel is a liquid hydrogen fueling, delivery, generation, storage, and dispensing system.

What is the price predicton of PLUG Stock?

Wall Street analysts forecast PLUG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PLUG is2.46 USD with a low forecast of 0.75 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Plug Power Inc (PLUG)'s revenue for the last quarter?

Plug Power Inc revenue for the last quarter amounts to 163.51M USD, increased 22.32

What is Plug Power Inc (PLUG)'s earnings per share (EPS) for the last quarter?

Plug Power Inc. EPS for the last quarter amounts to -0.18 USD, decreased -14.29

How many employees does Plug Power Inc (PLUG). have?

Plug Power Inc (PLUG) has 2582 emplpoyees as of June 20 2026.

What is Plug Power Inc (PLUG) market cap?

Today PLUG has the market capitalization of 3.98B USD.