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PLUG POWER INC (1PLUG.MI) Stock Fundamental Analysis

BIT:1PLUG - US72919P2020 - Common Stock

1.4252 EUR
+0.07 (+4.84%)
Last: 8/25/2025, 7:00:00 PM
Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to 1PLUG. 1PLUG was compared to 57 industry peers in the Electrical Equipment industry. Both the profitability and financial health of 1PLUG have multiple concerns. 1PLUG is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year 1PLUG has reported negative net income.
In the past year 1PLUG has reported a negative cash flow from operations.
1PLUG had negative earnings in each of the past 5 years.
1PLUG had a negative operating cash flow in each of the past 5 years.
1PLUG.MI Yearly Net Income VS EBIT VS OCF VS FCF1PLUG.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -500M -1B -1.5B -2B

1.2 Ratios

The Return On Assets of 1PLUG (-58.75%) is worse than 96.49% of its industry peers.
With a Return On Equity value of -117.21%, 1PLUG is not doing good in the industry: 87.72% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -58.75%
ROE -117.21%
ROIC N/A
ROA(3y)-32.97%
ROA(5y)-26.62%
ROE(3y)-62.14%
ROE(5y)-47.41%
ROIC(3y)N/A
ROIC(5y)N/A
1PLUG.MI Yearly ROA, ROE, ROIC1PLUG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -50 -100 -150 -200

1.3 Margins

1PLUG does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
1PLUG.MI Yearly Profit, Operating, Gross Margins1PLUG.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300

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2

2. Health

2.1 Basic Checks

1PLUG does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, 1PLUG has more shares outstanding
Compared to 5 years ago, 1PLUG has more shares outstanding
1PLUG has a worse debt/assets ratio than last year.
1PLUG.MI Yearly Shares Outstanding1PLUG.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
1PLUG.MI Yearly Total Debt VS Total Assets1PLUG.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

Based on the Altman-Z score of -2.74, we must say that 1PLUG is in the distress zone and has some risk of bankruptcy.
1PLUG's Altman-Z score of -2.74 is on the low side compared to the rest of the industry. 1PLUG is outperformed by 89.47% of its industry peers.
1PLUG has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.23, 1PLUG is doing good in the industry, outperforming 71.93% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF N/A
Altman-Z -2.74
ROIC/WACCN/A
WACC7.7%
1PLUG.MI Yearly LT Debt VS Equity VS FCF1PLUG.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B

2.3 Liquidity

A Current Ratio of 1.59 indicates that 1PLUG should not have too much problems paying its short term obligations.
1PLUG has a Current ratio (1.59) which is in line with its industry peers.
1PLUG has a Quick Ratio of 1.59. This is a bad value and indicates that 1PLUG is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of 1PLUG (0.82) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.59
Quick Ratio 0.82
1PLUG.MI Yearly Current Assets VS Current Liabilites1PLUG.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

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3. Growth

3.1 Past

1PLUG shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.70%.
Looking at the last year, 1PLUG shows a decrease in Revenue. The Revenue has decreased by -1.70% in the last year.
Measured over the past years, 1PLUG shows a very strong growth in Revenue. The Revenue has been growing by 22.28% on average per year.
EPS 1Y (TTM)1.7%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44.44%
Revenue 1Y (TTM)-1.7%
Revenue growth 3Y7.77%
Revenue growth 5Y22.28%
Sales Q2Q%21.36%

3.2 Future

The Earnings Per Share is expected to grow by 14.19% on average over the next years. This is quite good.
The Revenue is expected to grow by 21.57% on average over the next years. This is a very strong growth
EPS Next Y76.7%
EPS Next 2Y36.9%
EPS Next 3Y23.85%
EPS Next 5Y14.19%
Revenue Next Year1.12%
Revenue Next 2Y12.49%
Revenue Next 3Y16%
Revenue Next 5Y21.57%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
1PLUG.MI Yearly Revenue VS Estimates1PLUG.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 500M 1B 1.5B 2B 2.5B
1PLUG.MI Yearly EPS VS Estimates1PLUG.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 -1 -2

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1

4. Valuation

4.1 Price/Earnings Ratio

1PLUG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for 1PLUG. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
1PLUG.MI Price Earnings VS Forward Price Earnings1PLUG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
1PLUG.MI Per share data1PLUG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1

4.3 Compensation for Growth

A more expensive valuation may be justified as 1PLUG's earnings are expected to grow with 23.85% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y36.9%
EPS Next 3Y23.85%

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0

5. Dividend

5.1 Amount

No dividends for 1PLUG!.
Industry RankSector Rank
Dividend Yield N/A

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PLUG POWER INC

BIT:1PLUG (8/25/2025, 7:00:00 PM)

1.4252

+0.07 (+4.84%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)08-11 2025-08-11/amc
Earnings (Next)11-10 2025-11-10/amc
Inst Owners39.05%
Inst Owner ChangeN/A
Ins Owners0.54%
Ins Owner ChangeN/A
Market Cap1.65B
Analysts64.67
Price Target2.06 (44.54%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-17.41%
Min EPS beat(2)-27.02%
Max EPS beat(2)-7.79%
EPS beat(4)0
Avg EPS beat(4)-162.1%
Min EPS beat(4)-612.34%
Max EPS beat(4)-1.24%
EPS beat(8)0
Avg EPS beat(8)-111.47%
EPS beat(12)0
Avg EPS beat(12)-87.18%
EPS beat(16)0
Avg EPS beat(16)-84.81%
Revenue beat(2)1
Avg Revenue beat(2)3.58%
Min Revenue beat(2)-0.84%
Max Revenue beat(2)7.99%
Revenue beat(4)1
Avg Revenue beat(4)-10.13%
Min Revenue beat(4)-28.67%
Max Revenue beat(4)7.99%
Revenue beat(8)1
Avg Revenue beat(8)-14.02%
Revenue beat(12)3
Avg Revenue beat(12)-12.81%
Revenue beat(16)4
Avg Revenue beat(16)-10.62%
PT rev (1m)3.68%
PT rev (3m)-9.46%
EPS NQ rev (1m)3.22%
EPS NQ rev (3m)11.62%
EPS NY rev (1m)-6.16%
EPS NY rev (3m)-3.05%
Revenue NQ rev (1m)-9%
Revenue NQ rev (3m)-21.64%
Revenue NY rev (1m)-2.64%
Revenue NY rev (3m)-7.18%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.84
P/FCF N/A
P/OCF N/A
P/B 1.14
P/tB 1.19
EV/EBITDA N/A
EPS(TTM)-1.99
EYN/A
EPS(NY)-0.3
Fwd EYN/A
FCF(TTM)-0.61
FCFYN/A
OCF(TTM)-0.45
OCFYN/A
SpS0.5
BVpS1.26
TBVpS1.2
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -58.75%
ROE -117.21%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-32.97%
ROA(5y)-26.62%
ROE(3y)-62.14%
ROE(5y)-47.41%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 312.46%
Cap/Sales 32.06%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.59
Quick Ratio 0.82
Altman-Z -2.74
F-Score3
WACC7.7%
ROIC/WACCN/A
Cap/Depr(3y)757.88%
Cap/Depr(5y)684.65%
Cap/Sales(3y)65.8%
Cap/Sales(5y)50.45%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.7%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44.44%
EPS Next Y76.7%
EPS Next 2Y36.9%
EPS Next 3Y23.85%
EPS Next 5Y14.19%
Revenue 1Y (TTM)-1.7%
Revenue growth 3Y7.77%
Revenue growth 5Y22.28%
Sales Q2Q%21.36%
Revenue Next Year1.12%
Revenue Next 2Y12.49%
Revenue Next 3Y16%
Revenue Next 5Y21.57%
EBIT growth 1Y22.06%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year54.25%
EBIT Next 3Y25.53%
EBIT Next 5Y21.67%
FCF growth 1Y51.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y42.39%
OCF growth 3YN/A
OCF growth 5YN/A