PLUG POWER INC (1PLUG.MI) Fundamental Analysis & Valuation

BIT:1PLUG • US72919P2020

1.88 EUR
+0.34 (+21.78%)
Last: Mar 3, 2026, 07:00 PM

This 1PLUG.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

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. 1PLUG may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, 1PLUG is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

0

1. 1PLUG.MI Profitability Analysis

1.1 Basic Checks

  • 1PLUG had negative earnings in the past year.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 -500M -1B -1.5B -2B

1.2 Ratios

  • 1PLUG has a worse Return On Assets (-68.32%) than 94.20% of its industry peers.
  • 1PLUG has a Return On Equity of -149.73%. This is amonst the worse of the industry: 1PLUG underperforms 91.30% 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 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300

2

2. 1PLUG.MI Health Analysis

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.
  • 1PLUG has a worse debt/assets ratio than last year.
1PLUG.MI Yearly Shares Outstanding1PLUG.MI Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

  • 1PLUG has an Altman-Z score of -2.90. This is a bad value and indicates that 1PLUG is not financially healthy and even has some risk of bankruptcy.
  • 1PLUG's Altman-Z score of -2.90 is on the low side compared to the rest of the industry. 1PLUG is outperformed by 85.51% of its industry peers.
  • A Debt/Equity ratio of 0.25 indicates that 1PLUG is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.25, 1PLUG is doing good in the industry, outperforming 71.01% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF N/A
Altman-Z -2.9
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 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.
  • With a Current ratio value of 1.32, 1PLUG perfoms like the industry average, outperforming 47.83% of the companies in the same industry.
  • 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 72.46% 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

5

3. 1PLUG.MI Growth Analysis

3.1 Past

  • 1PLUG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.40%.
  • 1PLUG shows a small growth in Revenue. In the last year, the Revenue has grown by 2.53%.
  • 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)-1.4%
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 14.93% yearly.
  • The Revenue is expected to grow by 19.43% on average over the next years. This is quite good.
EPS Next Y71.68%
EPS Next 2Y37.34%
EPS Next 3Y24.31%
EPS Next 5Y14.93%
Revenue Next Year5.93%
Revenue Next 2Y14.56%
Revenue Next 3Y14.7%
Revenue Next 5Y19.43%

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 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B
1PLUG.MI Yearly EPS VS Estimates1PLUG.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 -1 -2

1

4. 1PLUG.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • 1PLUG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year 1PLUG is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
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 0.5 -0.5 -1 -1.5

4.3 Compensation for Growth

  • 1PLUG's earnings are expected to grow with 24.31% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y37.34%
EPS Next 3Y24.31%

0

5. 1PLUG.MI Dividend Analysis

5.1 Amount

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

1PLUG.MI Fundamentals: All Metrics, Ratios and Statistics

PLUG POWER INC

BIT:1PLUG (3/3/2026, 7:00:00 PM)

1.88

+0.34 (+21.78%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-10
Earnings (Next)02-26
Inst Owners41.22%
Inst Owner ChangeN/A
Ins Owners0.53%
Ins Owner ChangeN/A
Market Cap2.62B
Revenue(TTM)676.17M
Net Income(TTM)-2.12B
Analysts66
Price Target2.36 (25.53%)
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)-3.06%
PT rev (3m)-2.65%
EPS NQ rev (1m)3.73%
EPS NQ rev (3m)-4.74%
EPS NY rev (1m)2.22%
EPS NY rev (3m)-25.95%
Revenue NQ rev (1m)0.29%
Revenue NQ rev (3m)-2.75%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)-0.57%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.49
P/FCF N/A
P/OCF N/A
P/B 2.14
P/tB 2.27
EV/EBITDA N/A
EPS(TTM)-1.88
EYN/A
EPS(NY)-0.27
Fwd EYN/A
FCF(TTM)-0.42
FCFYN/A
OCF(TTM)-0.32
OCFYN/A
SpS0.42
BVpS0.88
TBVpS0.83
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 -2.9
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 Y71.68%
EPS Next 2Y37.34%
EPS Next 3Y24.31%
EPS Next 5Y14.93%
Revenue 1Y (TTM)2.53%
Revenue growth 3Y7.77%
Revenue growth 5Y22.28%
Sales Q2Q%1.91%
Revenue Next Year5.93%
Revenue Next 2Y14.56%
Revenue Next 3Y14.7%
Revenue Next 5Y19.43%
EBIT growth 1Y14.36%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year38.87%
EBIT Next 3Y23.3%
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 for 1PLUG stock?

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


What is the profitability of 1PLUG stock?

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


What is the financial health of PLUG POWER INC (1PLUG.MI) stock?

The financial health rating of PLUG POWER INC (1PLUG.MI) is 2 / 10.


What is the earnings growth outlook for PLUG POWER INC?

The Earnings per Share (EPS) of PLUG POWER INC (1PLUG.MI) is expected to grow by 71.68% in the next year.