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PLUG POWER INC (PLUG) Stock Fundamental Analysis

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

1.29  -0.01 (-0.77%)

Premarket: 1.345 +0.05 (+4.26%)

Fundamental Rating

2

Taking everything into account, PLUG scores 2 out of 10 in our fundamental rating. PLUG was compared to 94 industry peers in the Electrical Equipment industry. PLUG has a bad profitability rating. Also its financial health evaluation is rather negative. 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

In the past year PLUG has reported negative net income.
PLUG had a negative operating cash flow in the past year.
PLUG had negative earnings in each of the past 5 years.
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

PLUG's Return On Assets of -55.19% is on the low side compared to the rest of the industry. PLUG is outperformed by 75.53% of its industry peers.
PLUG has a Return On Equity of -107.97%. This is in the lower half of the industry: PLUG underperforms 65.96% of its industry peers.
Industry RankSector Rank
ROA -55.19%
ROE -107.97%
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

The Profit Margin and Operating Margin and Gross Margin are not available for PLUG 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
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.
PLUG has more shares outstanding than it did 1 year ago.
The number of shares outstanding for PLUG has been increased compared to 5 years ago.
PLUG has a worse debt/assets ratio than last year.
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

PLUG has an Altman-Z score of -2.60. This is a bad value and indicates that PLUG is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -2.60, PLUG is doing worse than 70.21% of the companies in the same industry.
A Debt/Equity ratio of 0.28 indicates that PLUG is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.28, PLUG is in line with its industry, outperforming 55.32% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF N/A
Altman-Z -2.6
ROIC/WACCN/A
WACC9.96%
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

A Current Ratio of 1.95 indicates that PLUG should not have too much problems paying its short term obligations.
PLUG has a Current ratio (1.95) which is in line with its industry peers.
PLUG has a Quick Ratio of 1.07. This is a normal value and indicates that PLUG is financially healthy and should not expect problems in meeting its short term obligations.
PLUG's Quick ratio of 1.07 is in line compared to the rest of the industry. PLUG outperforms 48.94% of its industry peers.
Industry RankSector Rank
Current Ratio 1.95
Quick Ratio 1.07
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

The earnings per share for PLUG have decreased by -3.35% in the last year.
PLUG shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.85%.
PLUG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.28% yearly.
EPS 1Y (TTM)-3.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%54.35%
Revenue 1Y (TTM)-19.85%
Revenue growth 3Y7.77%
Revenue growth 5Y22.28%
Sales Q2Q%11.15%

3.2 Future

The Earnings Per Share is expected to grow by 14.61% 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 21.80% on average per year.
EPS Next Y77.39%
EPS Next 2Y35.91%
EPS Next 3Y23.57%
EPS Next 5Y14.61%
Revenue Next Year3.25%
Revenue Next 2Y13.44%
Revenue Next 3Y18.04%
Revenue Next 5Y21.8%

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.
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.
Also next year PLUG 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
PLUG Price Earnings VS Forward Price EarningsPLUG 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
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 23.57% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y35.91%
EPS Next 3Y23.57%

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0

5. Dividend

5.1 Amount

PLUG does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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PLUG POWER INC

NASDAQ:PLUG (6/13/2025, 10:00:02 PM)

Premarket: 1.345 +0.05 (+4.26%)

1.29

-0.01 (-0.77%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)05-12 2025-05-12/amc
Earnings (Next)08-06 2025-08-06/amc
Inst Owners43.58%
Inst Owner Change4.99%
Ins Owners0.48%
Ins Owner Change5.51%
Market Cap1.39B
Analysts64.67
Price Target2.27 (75.97%)
Short Float %26.09%
Short Ratio2.35
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)-308.05%
Min EPS beat(2)-608.31%
Max EPS beat(2)-7.79%
EPS beat(4)0
Avg EPS beat(4)-159.49%
Min EPS beat(4)-608.31%
Max EPS beat(4)-1.24%
EPS beat(8)0
Avg EPS beat(8)-113.58%
EPS beat(12)0
Avg EPS beat(12)-88.08%
EPS beat(16)0
Avg EPS beat(16)-92.22%
Revenue beat(2)0
Avg Revenue beat(2)-14.75%
Min Revenue beat(2)-28.67%
Max Revenue beat(2)-0.84%
Revenue beat(4)0
Avg Revenue beat(4)-18.12%
Min Revenue beat(4)-28.67%
Max Revenue beat(4)-0.84%
Revenue beat(8)1
Avg Revenue beat(8)-14.36%
Revenue beat(12)2
Avg Revenue beat(12)-14.36%
Revenue beat(16)4
Avg Revenue beat(16)-10.71%
PT rev (1m)-10.41%
PT rev (3m)-26.03%
EPS NQ rev (1m)0.84%
EPS NQ rev (3m)4.15%
EPS NY rev (1m)0%
EPS NY rev (3m)4.34%
Revenue NQ rev (1m)-1.12%
Revenue NQ rev (3m)-18.88%
Revenue NY rev (1m)-5.22%
Revenue NY rev (3m)-18.67%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.17
P/FCF N/A
P/OCF N/A
P/B 0.75
P/tB 0.78
EV/EBITDA N/A
EPS(TTM)-2.47
EYN/A
EPS(NY)-0.42
Fwd EYN/A
FCF(TTM)-0.88
FCFYN/A
OCF(TTM)-0.62
OCFYN/A
SpS0.6
BVpS1.72
TBVpS1.65
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -55.19%
ROE -107.97%
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 Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 365.47%
Cap/Sales 43.8%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.95
Quick Ratio 1.07
Altman-Z -2.6
F-Score3
WACC9.96%
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)-3.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%54.35%
EPS Next Y77.39%
EPS Next 2Y35.91%
EPS Next 3Y23.57%
EPS Next 5Y14.61%
Revenue 1Y (TTM)-19.85%
Revenue growth 3Y7.77%
Revenue growth 5Y22.28%
Sales Q2Q%11.15%
Revenue Next Year3.25%
Revenue Next 2Y13.44%
Revenue Next 3Y18.04%
Revenue Next 5Y21.8%
EBIT growth 1Y13.28%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year53.68%
EBIT Next 3Y24.74%
EBIT Next 5Y21.78%
FCF growth 1Y34.85%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y25.61%
OCF growth 3YN/A
OCF growth 5YN/A