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PLUG POWER INC (PLUG) Stock Fundamental Analysis

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

1.11  -0.03 (-2.63%)

After market: 1.11 0 (0%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to PLUG. PLUG was compared to 94 industry peers in the Electrical Equipment industry. PLUG may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, PLUG is valued expensive at the moment.


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.
In the past year PLUG has reported a negative cash flow from operations.
PLUG had negative earnings in each of the past 5 years.
PLUG had a negative operating cash flow in each of the past 5 years.
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 (-55.19%) is worse than 75.53% of its industry peers.
With a Return On Equity value of -107.97%, PLUG is not doing good in the industry: 65.96% of the companies in the same industry are doing better.
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

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
The number of shares outstanding for PLUG has been increased compared to 5 years ago.
The debt/assets ratio for PLUG is higher compared to a year ago.
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 -2.67, we must say that PLUG is in the distress zone and has some risk of bankruptcy.
PLUG has a Altman-Z score of -2.67. This is in the lower half of the industry: PLUG underperforms 70.21% of its industry peers.
PLUG has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
PLUG has a Debt to Equity ratio (0.28) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF N/A
Altman-Z -2.67
ROIC/WACCN/A
WACC9.91%
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 comparable to the rest of the industry.
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 has a Quick ratio (1.07) which is comparable to the rest of the industry.
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.
Looking at the last year, PLUG shows a very negative growth in Revenue. The Revenue has decreased by -19.85% in the last year.
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

Based on estimates for the next years, PLUG will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.61% on average per year.
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 Y77.72%
EPS Next 2Y36.32%
EPS Next 3Y23.6%
EPS Next 5Y14.61%
Revenue Next Year3.54%
Revenue Next 2Y14.28%
Revenue Next 3Y19.46%
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

The Price/Earnings Ratio is negative for PLUG. In the last year negative earnings were reported.
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 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 23.60% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y36.32%
EPS Next 3Y23.6%

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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 (6/20/2025, 10:42:01 PM)

After market: 1.11 0 (0%)

1.11

-0.03 (-2.63%)

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 Change6.89%
Market Cap1.20B
Analysts64.67
Price Target2.28 (105.41%)
Short Float %22.2%
Short Ratio1.77
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)-9.95%
PT rev (3m)-25.65%
EPS NQ rev (1m)1.12%
EPS NQ rev (3m)9.55%
EPS NY rev (1m)1.48%
EPS NY rev (3m)5.75%
Revenue NQ rev (1m)0.14%
Revenue NQ rev (3m)-8.44%
Revenue NY rev (1m)-4.96%
Revenue NY rev (3m)-18.44%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.86
P/FCF N/A
P/OCF N/A
P/B 0.64
P/tB 0.67
EV/EBITDA N/A
EPS(TTM)-2.47
EYN/A
EPS(NY)-0.39
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 -2.67
F-Score3
WACC9.91%
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)-3.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%54.35%
EPS Next Y77.72%
EPS Next 2Y36.32%
EPS Next 3Y23.6%
EPS Next 5Y14.61%
Revenue 1Y (TTM)-19.85%
Revenue growth 3Y7.77%
Revenue growth 5Y22.28%
Sales Q2Q%11.15%
Revenue Next Year3.54%
Revenue Next 2Y14.28%
Revenue Next 3Y19.46%
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