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PLUG POWER INC (PLUG) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:PLUG - US72919P2020 - Common Stock

2.26 USD
-0.09 (-3.83%)
Last: 1/15/2026, 8:07:57 PM
2.28 USD
+0.02 (+0.88%)
After Hours: 1/15/2026, 8:07:57 PM
Fundamental Rating

2

PLUG gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 91 industry peers in the Electrical Equipment industry. PLUG may be in some trouble as it scores bad on both profitability and health. PLUG is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

0

1. Profitability

1.1 Basic Checks

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

1.2 Ratios

  • The Return On Assets of PLUG (-68.32%) is worse than 78.02% of its industry peers.
  • The Return On Equity of PLUG (-149.73%) is worse than 63.74% 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
PLUG Yearly ROA, ROE, ROICPLUG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300

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1

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.
  • 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 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

  • Based on the Altman-Z score of -2.81, we must say that PLUG is in the distress zone and has some risk of bankruptcy.
  • PLUG's Altman-Z score of -2.81 is on the low side compared to the rest of the industry. PLUG is outperformed by 70.33% of its industry peers.
  • PLUG has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
  • With a decent Debt to Equity ratio value of 0.25, PLUG is doing good in the industry, outperforming 64.84% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF N/A
Altman-Z -2.81
ROIC/WACCN/A
WACC8.14%
PLUG Yearly LT Debt VS Equity VS FCFPLUG 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

  • PLUG has a Current Ratio of 1.32. 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 Current ratio of 1.32 is on the low side compared to the rest of the industry. PLUG is outperformed by 61.54% of its industry peers.
  • A Quick Ratio of 0.70 indicates that PLUG may have some problems paying its short term obligations.
  • PLUG's Quick ratio of 0.70 is on the low side compared to the rest of the industry. PLUG is outperformed by 71.43% of its industry peers.
Industry RankSector Rank
Current Ratio 1.32
Quick Ratio 0.7
PLUG Yearly Current Assets VS Current LiabilitesPLUG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 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 slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.40%.
  • The Revenue has been growing slightly by 2.53% in the past year.
  • 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)-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

  • The Earnings Per Share is expected to grow by 14.93% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 19.43% on average over the next years. This is quite good.
EPS Next Y71.04%
EPS Next 2Y37.27%
EPS Next 3Y24.29%
EPS Next 5Y14.93%
Revenue Next Year0.13%
Revenue Next 2Y10.52%
Revenue Next 3Y14.63%
Revenue Next 5Y19.43%

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

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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

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 24.29% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y37.27%
EPS Next 3Y24.29%

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0

5. Dividend

5.1 Amount

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

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PLUG POWER INC

NASDAQ:PLUG (1/15/2026, 8:07:57 PM)

After market: 2.28 +0.02 (+0.88%)

2.26

-0.09 (-3.83%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-10
Earnings (Next)03-02
Inst Owners41.22%
Inst Owner Change0.12%
Ins Owners0.53%
Ins Owner Change1.12%
Market Cap3.14B
Revenue(TTM)676.17M
Net Income(TTM)-2.12B
Analysts65.81
Price Target2.76 (22.12%)
Short Float %25.82%
Short Ratio3.29
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)0%
PT rev (3m)6.89%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.69%
EPS NY rev (1m)0%
EPS NY rev (3m)-25.78%
Revenue NQ rev (1m)-0.34%
Revenue NQ rev (3m)-0.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.14%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.65
P/FCF N/A
P/OCF N/A
P/B 2.22
P/tB 2.35
EV/EBITDA N/A
EPS(TTM)-2.18
EYN/A
EPS(NY)-0.31
Fwd EYN/A
FCF(TTM)-0.48
FCFYN/A
OCF(TTM)-0.37
OCFYN/A
SpS0.49
BVpS1.02
TBVpS0.96
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 -2.81
F-Score3
WACC8.14%
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 Y71.04%
EPS Next 2Y37.27%
EPS Next 3Y24.29%
EPS Next 5Y14.93%
Revenue 1Y (TTM)2.53%
Revenue growth 3Y7.77%
Revenue growth 5Y22.28%
Sales Q2Q%1.91%
Revenue Next Year0.13%
Revenue Next 2Y10.52%
Revenue Next 3Y14.63%
Revenue Next 5Y19.43%
EBIT growth 1Y14.36%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year36.5%
EBIT Next 3Y23.33%
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 / PLUG FAQ

What is the fundamental rating for PLUG stock?

ChartMill assigns a fundamental rating of 2 / 10 to PLUG.


What is the valuation status for PLUG stock?

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


Can you provide the profitability details for PLUG POWER INC?

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