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PLUG POWER INC (PLUG) Stock Fundamental Analysis

NASDAQ:PLUG - Nasdaq - US72919P2020 - Common Stock - Currency: USD

0.8517  -0.02 (-2.4%)

Premarket: 0.88 +0.03 (+3.32%)

Fundamental Rating

2

PLUG gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 98 industry peers in the Electrical Equipment industry. PLUG may be in some trouble as it scores bad on both profitability and health. PLUG is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

PLUG had negative earnings in the past year.
In the past year PLUG has reported a negative cash flow from operations.
In the past 5 years PLUG always reported negative net income.
In the past 5 years PLUG always reported negative operating cash flow.
PLUG Yearly Net Income VS EBIT VS OCF VS FCFPLUG 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 PLUG (-58.42%) is worse than 77.32% of its industry peers.
With a Return On Equity value of -121.37%, PLUG is not doing good in the industry: 67.01% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -58.42%
ROE -121.37%
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
PLUG Yearly ROA, ROE, ROICPLUG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -50 -100 -150 -200

1.3 Margins

PLUG 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
PLUG Yearly Profit, Operating, Gross MarginsPLUG 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

PLUG does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, PLUG has more shares outstanding
PLUG has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, PLUG has a worse debt to assets ratio.
PLUG Yearly Shares OutstandingPLUG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
PLUG Yearly Total Debt VS Total AssetsPLUG 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 -2.86, we must say that PLUG is in the distress zone and has some risk of bankruptcy.
PLUG has a Altman-Z score of -2.86. This is in the lower half of the industry: PLUG underperforms 73.20% of its industry peers.
PLUG has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of PLUG (0.35) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF N/A
Altman-Z -2.86
ROIC/WACCN/A
WACC7.15%
PLUG Yearly LT Debt VS Equity VS FCFPLUG 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

PLUG has a Current Ratio of 1.97. This is a normal value and indicates that PLUG is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.97, PLUG perfoms like the industry average, outperforming 58.76% of the companies in the same industry.
A Quick Ratio of 1.06 indicates that PLUG should not have too much problems paying its short term obligations.
PLUG has a Quick ratio of 1.06. This is comparable to the rest of the industry: PLUG outperforms 46.39% of its industry peers.
Industry RankSector Rank
Current Ratio 1.97
Quick Ratio 1.06
PLUG Yearly Current Assets VS Current LiabilitesPLUG 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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5

3. Growth

3.1 Past

PLUG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.30%.
The Revenue for PLUG has decreased by -29.45% in the past year. This is quite bad
Measured over the past years, PLUG shows a very strong growth in Revenue. The Revenue has been growing by 22.28% on average per year.
EPS 1Y (TTM)-19.3%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-52.78%
Revenue 1Y (TTM)-29.45%
Revenue growth 3Y7.77%
Revenue growth 5Y22.28%
Sales Q2Q%-13.81%

3.2 Future

The Earnings Per Share is expected to grow by 14.55% on average over the next years. This is quite good.
Based on estimates for the next years, PLUG will show a very strong growth in Revenue. The Revenue will grow by 23.57% on average per year.
EPS Next Y76.42%
EPS Next 2Y35.78%
EPS Next 3Y23.39%
EPS Next 5Y14.55%
Revenue Next Year11.15%
Revenue Next 2Y18.08%
Revenue Next 3Y18.97%
Revenue Next 5Y23.57%

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.
PLUG Yearly Revenue VS EstimatesPLUG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 500M 1B 1.5B 2B 2.5B
PLUG Yearly EPS VS EstimatesPLUG Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 -0.5 -1 -1.5 -2 -2.5

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1

4. Valuation

4.1 Price/Earnings Ratio

PLUG 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 PLUG. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
PLUG Price Earnings VS Forward Price EarningsPLUG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
PLUG Per share dataPLUG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 -2

4.3 Compensation for Growth

PLUG's earnings are expected to grow with 23.39% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y35.78%
EPS Next 3Y23.39%

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0

5. Dividend

5.1 Amount

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

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PLUG POWER INC

NASDAQ:PLUG (5/1/2025, 9:25:07 PM)

Premarket: 0.88 +0.03 (+3.32%)

0.8517

-0.02 (-2.4%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)03-03 2025-03-03/amc
Earnings (Next)05-08 2025-05-08/amc
Inst Owners52.31%
Inst Owner Change0.31%
Ins Owners0.6%
Ins Owner Change7.37%
Market Cap817.97M
Analysts56.13
Price Target2.57 (201.75%)
Short Float %29.34%
Short Ratio3.93
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)-304.78%
Min EPS beat(2)-608.31%
Max EPS beat(2)-1.24%
EPS beat(4)0
Avg EPS beat(4)-166.67%
Min EPS beat(4)-608.31%
Max EPS beat(4)-1.24%
EPS beat(8)0
Avg EPS beat(8)-116.83%
EPS beat(12)0
Avg EPS beat(12)-92.93%
EPS beat(16)0
Avg EPS beat(16)-94.42%
Revenue beat(2)0
Avg Revenue beat(2)-23.83%
Min Revenue beat(2)-28.67%
Max Revenue beat(2)-18.98%
Revenue beat(4)0
Avg Revenue beat(4)-24.21%
Min Revenue beat(4)-28.67%
Max Revenue beat(4)-18.98%
Revenue beat(8)2
Avg Revenue beat(8)-14.19%
Revenue beat(12)2
Avg Revenue beat(12)-14.67%
Revenue beat(16)4
Avg Revenue beat(16)-11.12%
PT rev (1m)-16.45%
PT rev (3m)-17.2%
EPS NQ rev (1m)0.18%
EPS NQ rev (3m)-7.91%
EPS NY rev (1m)0.05%
EPS NY rev (3m)-1.38%
Revenue NQ rev (1m)-2.95%
Revenue NQ rev (3m)-27.23%
Revenue NY rev (1m)-12.44%
Revenue NY rev (3m)-13.07%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.3
P/FCF N/A
P/OCF N/A
P/B 0.47
P/tB 0.5
EV/EBITDA N/A
EPS(TTM)-2.72
EYN/A
EPS(NY)-0.64
Fwd EYN/A
FCF(TTM)-1.11
FCFYN/A
OCF(TTM)-0.76
OCFYN/A
SpS0.65
BVpS1.81
TBVpS1.72
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -58.42%
ROE -121.37%
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-Score2
Asset Turnover0.17
Health
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 395.3%
Cap/Sales 53.16%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.97
Quick Ratio 1.06
Altman-Z -2.86
F-Score2
WACC7.15%
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)-19.3%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-52.78%
EPS Next Y76.42%
EPS Next 2Y35.78%
EPS Next 3Y23.39%
EPS Next 5Y14.55%
Revenue 1Y (TTM)-29.45%
Revenue growth 3Y7.77%
Revenue growth 5Y22.28%
Sales Q2Q%-13.81%
Revenue Next Year11.15%
Revenue Next 2Y18.08%
Revenue Next 3Y18.97%
Revenue Next 5Y23.57%
EBIT growth 1Y1.08%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year55.85%
EBIT Next 3Y25.81%
EBIT Next 5Y21.15%
FCF growth 1Y41.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y34.15%
OCF growth 3YN/A
OCF growth 5YN/A