Logo image of PLUG

PLUG POWER INC (PLUG) Stock Fundamental Analysis

NASDAQ:PLUG - US72919P2020 - Common Stock

1.68 USD
+0.14 (+9.09%)
Last: 8/22/2025, 8:00:00 PM
1.66 USD
-0.02 (-1.19%)
After Hours: 8/22/2025, 8:00:00 PM
Fundamental Rating

2

PLUG gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 93 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

Quickly go to:

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.
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

With a Return On Assets value of -58.75%, PLUG is not doing good in the industry: 78.49% of the companies in the same industry are doing better.
With a Return On Equity value of -117.21%, PLUG is not doing good in the industry: 64.52% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -58.75%
ROE -117.21%
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

More info and screens

2

2. Health

2.1 Basic Checks

PLUG does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for PLUG has been increased compared to 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

Based on the Altman-Z score of -2.78, we must say that PLUG is in the distress zone and has some risk of bankruptcy.
PLUG has a worse Altman-Z score (-2.78) than 70.97% of its industry peers.
PLUG has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of PLUG (0.23) is better than 60.22% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF N/A
Altman-Z -2.78
ROIC/WACCN/A
WACC7.92%
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 1.59 indicates that PLUG should not have too much problems paying its short term obligations.
With a Current ratio value of 1.59, PLUG perfoms like the industry average, outperforming 43.01% of the companies in the same industry.
A Quick Ratio of 0.82 indicates that PLUG may have some problems paying its short term obligations.
With a Quick ratio value of 0.82, PLUG is not doing good in the industry: 63.44% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.59
Quick Ratio 0.82
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

More info and screens

5

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 1.70% over the past year.
PLUG shows a decrease in Revenue. In the last year, the revenue decreased by -1.70%.
The Revenue has been growing by 22.28% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)1.7%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44.44%
Revenue 1Y (TTM)-1.7%
Revenue growth 3Y7.77%
Revenue growth 5Y22.28%
Sales Q2Q%21.36%

3.2 Future

PLUG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.19% yearly.
Based on estimates for the next years, PLUG will show a very strong growth in Revenue. The Revenue will grow by 21.57% on average per year.
EPS Next Y78.05%
EPS Next 2Y36.39%
EPS Next 3Y23.71%
EPS Next 5Y14.19%
Revenue Next Year3.97%
Revenue Next 2Y14.21%
Revenue Next 3Y19.1%
Revenue Next 5Y21.57%

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 -1 -2

More info and screens

1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for PLUG. In the last year negative earnings were reported.
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

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

A more expensive valuation may be justified as PLUG's earnings are expected to grow with 23.71% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y36.39%
EPS Next 3Y23.71%

More info and screens

0

5. Dividend

5.1 Amount

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

More info and screens

PLUG POWER INC

NASDAQ:PLUG (8/22/2025, 8:00:00 PM)

After market: 1.66 -0.02 (-1.19%)

1.68

+0.14 (+9.09%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)08-11 2025-08-11/amc
Earnings (Next)11-10 2025-11-10/amc
Inst Owners39.05%
Inst Owner Change0.49%
Ins Owners0.54%
Ins Owner Change7.32%
Market Cap1.94B
Analysts64.67
Price Target2.4 (42.86%)
Short Float %29.3%
Short Ratio3.97
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)-17.41%
Min EPS beat(2)-27.02%
Max EPS beat(2)-7.79%
EPS beat(4)0
Avg EPS beat(4)-162.1%
Min EPS beat(4)-612.34%
Max EPS beat(4)-1.24%
EPS beat(8)0
Avg EPS beat(8)-111.47%
EPS beat(12)0
Avg EPS beat(12)-87.18%
EPS beat(16)0
Avg EPS beat(16)-84.81%
Revenue beat(2)1
Avg Revenue beat(2)3.58%
Min Revenue beat(2)-0.84%
Max Revenue beat(2)7.99%
Revenue beat(4)1
Avg Revenue beat(4)-10.13%
Min Revenue beat(4)-28.67%
Max Revenue beat(4)7.99%
Revenue beat(8)1
Avg Revenue beat(8)-14.02%
Revenue beat(12)3
Avg Revenue beat(12)-12.81%
Revenue beat(16)4
Avg Revenue beat(16)-10.62%
PT rev (1m)2.12%
PT rev (3m)-8.04%
EPS NQ rev (1m)-0.28%
EPS NQ rev (3m)9.59%
EPS NY rev (1m)0%
EPS NY rev (3m)6.91%
Revenue NQ rev (1m)0.53%
Revenue NQ rev (3m)-3.16%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)-6.6%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.88
P/FCF N/A
P/OCF N/A
P/B 1.15
P/tB 1.21
EV/EBITDA N/A
EPS(TTM)-2.31
EYN/A
EPS(NY)-0.38
Fwd EYN/A
FCF(TTM)-0.71
FCFYN/A
OCF(TTM)-0.52
OCFYN/A
SpS0.58
BVpS1.46
TBVpS1.39
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -58.75%
ROE -117.21%
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 Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 312.46%
Cap/Sales 32.06%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.59
Quick Ratio 0.82
Altman-Z -2.78
F-Score3
WACC7.92%
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)1.7%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44.44%
EPS Next Y78.05%
EPS Next 2Y36.39%
EPS Next 3Y23.71%
EPS Next 5Y14.19%
Revenue 1Y (TTM)-1.7%
Revenue growth 3Y7.77%
Revenue growth 5Y22.28%
Sales Q2Q%21.36%
Revenue Next Year3.97%
Revenue Next 2Y14.21%
Revenue Next 3Y19.1%
Revenue Next 5Y21.57%
EBIT growth 1Y22.06%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year54.25%
EBIT Next 3Y25.53%
EBIT Next 5Y21.67%
FCF growth 1Y51.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y42.39%
OCF growth 3YN/A
OCF growth 5YN/A