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

Europe - Euronext Milan - BIT:1PLUG - US72919P2020 - Common Stock

1.7286 EUR
-0.19 (-9.75%)
Last: 12/23/2025, 7:00:00 PM
Fundamental Rating

2

1PLUG gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 69 industry peers in the Electrical Equipment industry. Both the profitability and financial health of 1PLUG have multiple concerns. While showing a medium growth rate, 1PLUG is valued expensive at the moment.


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.
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

1PLUG's Return On Assets of -68.32% is on the low side compared to the rest of the industry. 1PLUG is outperformed by 92.75% of its industry peers.
1PLUG's Return On Equity of -149.73% is on the low side compared to the rest of the industry. 1PLUG is outperformed by 88.41% of its industry peers.
Industry RankSector Rank
ROA -68.32%
ROE -149.73%
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

The Profit Margin and Operating Margin and Gross Margin are not available for 1PLUG so they could not be analyzed.
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.
The number of shares outstanding for 1PLUG has been increased compared to 1 year ago.
The number of shares outstanding for 1PLUG has been increased compared to 5 years ago.
Compared to 1 year ago, 1PLUG has a worse debt to assets ratio.
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 -2.97. 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 -2.97, 1PLUG is doing worse than 85.51% of the companies in the same industry.
A Debt/Equity ratio of 0.25 indicates that 1PLUG is not too dependend on debt financing.
1PLUG's Debt to Equity ratio of 0.25 is fine compared to the rest of the industry. 1PLUG outperforms 71.01% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF N/A
Altman-Z -2.97
ROIC/WACCN/A
WACC7.91%
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 1.32 indicates that 1PLUG should not have too much problems paying its short term obligations.
1PLUG has a Current ratio of 1.32. This is comparable to the rest of the industry: 1PLUG outperforms 47.83% of its industry peers.
A Quick Ratio of 0.70 indicates that 1PLUG may have some problems paying its short term obligations.
1PLUG has a Quick ratio of 0.70. This is in the lower half of the industry: 1PLUG underperforms 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.32
Quick Ratio 0.7
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

The earnings per share for 1PLUG have decreased by -1.40% in the last year.
The Revenue has been growing slightly by 2.53% in the past year.
The Revenue has been growing by 22.28% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-1.4%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%52%
Revenue 1Y (TTM)2.53%
Revenue growth 3Y7.77%
Revenue growth 5Y22.28%
Sales Q2Q%1.91%

3.2 Future

1PLUG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.75% yearly.
The Revenue is expected to grow by 19.89% on average over the next years. This is quite good.
EPS Next Y71.04%
EPS Next 2Y37.27%
EPS Next 3Y24.29%
EPS Next 5Y14.75%
Revenue Next Year0.13%
Revenue Next 2Y10.52%
Revenue Next 3Y14.63%
Revenue Next 5Y19.89%

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 10 20 30

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 0.5 -0.5 -1 -1.5

4.3 Compensation for Growth

A more expensive valuation may be justified as 1PLUG's earnings are expected to grow with 24.29% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y37.27%
EPS Next 3Y24.29%

0

5. Dividend

5.1 Amount

1PLUG does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

PLUG POWER INC

BIT:1PLUG (12/23/2025, 7:00:00 PM)

1.7286

-0.19 (-9.75%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-10 2025-11-10/amc
Earnings (Next)03-02 2026-03-02/amc
Inst Owners41.17%
Inst Owner ChangeN/A
Ins Owners0.49%
Ins Owner ChangeN/A
Market Cap2.41B
Revenue(TTM)676.17M
Net Income(TTM)-2.12B
Analysts64.52
Price Target2.43 (40.58%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)1
Avg EPS beat(2)-11.1%
Min EPS beat(2)-27.02%
Max EPS beat(2)4.82%
EPS beat(4)1
Avg EPS beat(4)-160.58%
Min EPS beat(4)-612.34%
Max EPS beat(4)4.82%
EPS beat(8)1
Avg EPS beat(8)-105.32%
EPS beat(12)1
Avg EPS beat(12)-84.66%
EPS beat(16)1
Avg EPS beat(16)-78.06%
Revenue beat(2)1
Avg Revenue beat(2)2.34%
Min Revenue beat(2)-3.32%
Max Revenue beat(2)7.99%
Revenue beat(4)1
Avg Revenue beat(4)-6.21%
Min Revenue beat(4)-28.67%
Max Revenue beat(4)7.99%
Revenue beat(8)1
Avg Revenue beat(8)-12.61%
Revenue beat(12)3
Avg Revenue beat(12)-10.97%
Revenue beat(16)4
Avg Revenue beat(16)-10.7%
PT rev (1m)-2.64%
PT rev (3m)14.89%
EPS NQ rev (1m)-6.68%
EPS NQ rev (3m)-8.86%
EPS NY rev (1m)-28.81%
EPS NY rev (3m)-24.31%
Revenue NQ rev (1m)-1.07%
Revenue NQ rev (3m)0.4%
Revenue NY rev (1m)-6.01%
Revenue NY rev (3m)-1.13%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.19
P/FCF N/A
P/OCF N/A
P/B 2
P/tB 2.12
EV/EBITDA N/A
EPS(TTM)-1.85
EYN/A
EPS(NY)-0.27
Fwd EYN/A
FCF(TTM)-0.41
FCFYN/A
OCF(TTM)-0.32
OCFYN/A
SpS0.41
BVpS0.86
TBVpS0.82
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -68.32%
ROE -149.73%
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
ROICexgc growth 3YN/A
ROICexgc 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 Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 270.3%
Cap/Sales 23.1%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.32
Quick Ratio 0.7
Altman-Z -2.97
F-Score3
WACC7.91%
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)-1.4%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%52%
EPS Next Y71.04%
EPS Next 2Y37.27%
EPS Next 3Y24.29%
EPS Next 5Y14.75%
Revenue 1Y (TTM)2.53%
Revenue growth 3Y7.77%
Revenue growth 5Y22.28%
Sales Q2Q%1.91%
Revenue Next Year0.13%
Revenue Next 2Y10.52%
Revenue Next 3Y14.63%
Revenue Next 5Y19.89%
EBIT growth 1Y14.36%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year36.5%
EBIT Next 3Y23.33%
EBIT Next 5Y19.56%
FCF growth 1Y62.61%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y55.71%
OCF growth 3YN/A
OCF growth 5YN/A

PLUG POWER INC / 1PLUG.MI FAQ

What is the fundamental rating for 1PLUG stock?

ChartMill assigns a fundamental rating of 2 / 10 to 1PLUG.MI.


What is the valuation status of PLUG POWER INC (1PLUG.MI) stock?

ChartMill assigns a valuation rating of 1 / 10 to PLUG POWER INC (1PLUG.MI). This can be considered as Overvalued.


How profitable is PLUG POWER INC (1PLUG.MI) stock?

PLUG POWER INC (1PLUG.MI) has a profitability rating of 0 / 10.


Can you provide the expected EPS growth for 1PLUG stock?

The Earnings per Share (EPS) of PLUG POWER INC (1PLUG.MI) is expected to grow by 71.04% in the next year.