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

Europe - BIT:1PLUG - US72919P2020 - Common Stock

2.973 EUR
-0.3 (-9.24%)
Last: 10/17/2025, 7:00:00 PM
Fundamental Rating

2

Overall 1PLUG gets a fundamental rating of 2 out of 10. We evaluated 1PLUG against 61 industry peers in the Electrical Equipment industry. 1PLUG has a bad profitability rating. Also its financial health evaluation is rather negative. 1PLUG is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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.
In the past 5 years 1PLUG always reported negative net income.
In the past 5 years 1PLUG always reported negative operating cash flow.
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

1PLUG has a Return On Assets of -58.75%. This is amonst the worse of the industry: 1PLUG underperforms 91.80% of its industry peers.
Looking at the Return On Equity, with a value of -117.21%, 1PLUG is doing worse than 86.89% of the companies in the same industry.
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

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

1PLUG has an Altman-Z score of -1.95. This is a bad value and indicates that 1PLUG is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -1.95, 1PLUG is doing worse than 86.89% of the companies in the same industry.
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 72.13% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF N/A
Altman-Z -1.95
ROIC/WACCN/A
WACC8.04%
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

1PLUG has a Current Ratio of 1.59. This is a normal value and indicates that 1PLUG is financially healthy and should not expect problems in meeting its short term obligations.
1PLUG has a Current ratio (1.59) which is comparable to the rest of the industry.
A Quick Ratio of 0.82 indicates that 1PLUG may have some problems paying its short term obligations.
1PLUG has a Quick ratio (0.82) which is in line with its industry peers.
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

5

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%.
The Revenue has decreased by -1.70% in the past year.
1PLUG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.28% yearly.
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 14.00% on average over the next years. This is quite good.
1PLUG is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.78% yearly.
EPS Next Y76.97%
EPS Next 2Y36.83%
EPS Next 3Y23.81%
EPS Next 5Y14%
Revenue Next Year1.29%
Revenue Next 2Y12.27%
Revenue Next 3Y15.68%
Revenue Next 5Y21.78%

3.3 Evolution

The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
1PLUG.MI Yearly Revenue VS Estimates1PLUG.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1B 2B 3B 4B
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

1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for 1PLUG. In the last year negative earnings were reported.
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 20 40 60 80

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

1PLUG's earnings are expected to grow with 23.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y36.83%
EPS Next 3Y23.81%

0

5. Dividend

5.1 Amount

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

PLUG POWER INC

BIT:1PLUG (10/17/2025, 7:00:00 PM)

2.973

-0.3 (-9.24%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)08-11 2025-08-11/amc
Earnings (Next)11-11 2025-11-11/amc
Inst Owners39.35%
Inst Owner ChangeN/A
Ins Owners0.58%
Ins Owner ChangeN/A
Market Cap3.52B
Analysts65.16
Price Target2.16 (-27.35%)
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)5.41%
PT rev (3m)8.64%
EPS NQ rev (1m)-0.05%
EPS NQ rev (3m)7.96%
EPS NY rev (1m)1.17%
EPS NY rev (3m)-4.92%
Revenue NQ rev (1m)-0.12%
Revenue NQ rev (3m)-7.25%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)-2.48%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 6.11
P/FCF N/A
P/OCF N/A
P/B 2.44
P/tB 2.57
EV/EBITDA N/A
EPS(TTM)-1.98
EYN/A
EPS(NY)-0.3
Fwd EYN/A
FCF(TTM)-0.59
FCFYN/A
OCF(TTM)-0.44
OCFYN/A
SpS0.49
BVpS1.22
TBVpS1.16
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 -1.95
F-Score3
WACC8.04%
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 Y76.97%
EPS Next 2Y36.83%
EPS Next 3Y23.81%
EPS Next 5Y14%
Revenue 1Y (TTM)-1.7%
Revenue growth 3Y7.77%
Revenue growth 5Y22.28%
Sales Q2Q%21.36%
Revenue Next Year1.29%
Revenue Next 2Y12.27%
Revenue Next 3Y15.68%
Revenue Next 5Y21.78%
EBIT growth 1Y22.06%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year49.61%
EBIT Next 3Y25.08%
EBIT Next 5Y20.54%
FCF growth 1Y51.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y42.39%
OCF growth 3YN/A
OCF growth 5YN/A