PLUG POWER INC (PLUG) Fundamental Analysis & Valuation

NASDAQ:PLUG • US72919P2020

Current stock price

2.18 USD
-0.07 (-3.11%)
At close:
2.17 USD
-0.01 (-0.46%)
After Hours:

This PLUG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

0

1. PLUG Profitability Analysis

1.1 Basic Checks

  • PLUG had negative earnings in the past year.
  • PLUG had a negative operating cash flow in the past year.
  • In the past 5 years PLUG always reported negative net income.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -500M -1B -1.5B -2B

1.2 Ratios

  • PLUG has a Return On Assets of -62.88%. This is in the lower half of the industry: PLUG underperforms 72.83% of its industry peers.
  • Looking at the Return On Equity, with a value of -166.82%, PLUG is doing worse than 64.13% of the companies in the same industry.
Industry RankSector Rank
ROA -62.88%
ROE -166.82%
ROIC N/A
ROA(3y)-49.74%
ROA(5y)-33.9%
ROE(3y)-111.81%
ROE(5y)-72.65%
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 2025 -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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200 -300

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3

2. PLUG Health Analysis

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
  • Compared to 5 years ago, PLUG has more shares outstanding
  • 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 2025 200M 400M 600M 800M 1B
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 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • PLUG has an Altman-Z score of -3.47. This is a bad value and indicates that PLUG is not financially healthy and even has some risk of bankruptcy.
  • PLUG's Altman-Z score of -3.47 is on the low side compared to the rest of the industry. PLUG is outperformed by 70.65% of its industry peers.
  • A Debt/Equity ratio of 0.66 indicates that PLUG is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.66, PLUG perfoms like the industry average, outperforming 44.57% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF N/A
Altman-Z -3.47
ROIC/WACCN/A
WACC8.53%
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 2025 0 2B 4B

2.3 Liquidity

  • PLUG has a Current Ratio of 2.31. This indicates that PLUG is financially healthy and has no problem in meeting its short term obligations.
  • With a decent Current ratio value of 2.31, PLUG is doing good in the industry, outperforming 66.30% of the companies in the same industry.
  • PLUG has a Quick Ratio of 1.46. 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 of 1.46. This is in the better half of the industry: PLUG outperforms 63.04% of its industry peers.
Industry RankSector Rank
Current Ratio 2.31
Quick Ratio 1.46
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 2025 1B 2B 3B 4B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. PLUG Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 56.99% over the past year.
  • The Revenue has grown by 12.90% in the past year. This is quite good.
  • The Revenue has been growing by 18.29% on average over the past years. This is quite good.
EPS 1Y (TTM)56.99%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%61.21%
Revenue 1Y (TTM)12.9%
Revenue growth 3Y0.4%
Revenue growth 5Y18.29%
Sales Q2Q%17.63%

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 16.02% yearly.
  • Based on estimates for the next years, PLUG will show a very strong growth in Revenue. The Revenue will grow by 23.17% on average per year.
EPS Next Y73.56%
EPS Next 2Y34.78%
EPS Next 3Y23.38%
EPS Next 5Y16.02%
Revenue Next Year8.35%
Revenue Next 2Y13.44%
Revenue Next 3Y16.32%
Revenue Next 5Y23.17%

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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. PLUG Valuation Analysis

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 20 40 60

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 0.5 -0.5 -1

4.3 Compensation for Growth

  • PLUG's earnings are expected to grow with 23.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y34.78%
EPS Next 3Y23.38%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. PLUG Dividend Analysis

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

PLUG Fundamentals: All Metrics, Ratios and Statistics

PLUG POWER INC

NASDAQ:PLUG (3/27/2026, 9:41:01 PM)

After market: 2.17 -0.01 (-0.46%)

2.18

-0.07 (-3.11%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)03-02
Earnings (Next)05-11
Inst Owners50.63%
Inst Owner Change4.46%
Ins Owners0.52%
Ins Owner Change0.95%
Market Cap3.04B
Revenue(TTM)709.92M
Net Income(TTM)-1.63B
Analysts66
Price Target2.67 (22.48%)
Short Float %24.64%
Short Ratio3.28
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)-253.4%
Min EPS beat(2)-511.61%
Max EPS beat(2)4.82%
EPS beat(4)1
Avg EPS beat(4)-135.4%
Min EPS beat(4)-511.61%
Max EPS beat(4)4.82%
EPS beat(8)1
Avg EPS beat(8)-151.54%
EPS beat(12)1
Avg EPS beat(12)-123.35%
EPS beat(16)1
Avg EPS beat(16)-103.8%
Revenue beat(2)1
Avg Revenue beat(2)-0.96%
Min Revenue beat(2)-3.32%
Max Revenue beat(2)1.4%
Revenue beat(4)2
Avg Revenue beat(4)1.31%
Min Revenue beat(4)-3.32%
Max Revenue beat(4)7.99%
Revenue beat(8)2
Avg Revenue beat(8)-11.45%
Revenue beat(12)4
Avg Revenue beat(12)-9.03%
Revenue beat(16)4
Avg Revenue beat(16)-10.67%
PT rev (1m)-3.84%
PT rev (3m)-3.34%
EPS NQ rev (1m)-9.97%
EPS NQ rev (3m)-9.97%
EPS NY rev (1m)0%
EPS NY rev (3m)1.72%
Revenue NQ rev (1m)-14.26%
Revenue NQ rev (3m)-14.26%
Revenue NY rev (1m)-12.54%
Revenue NY rev (3m)-6.04%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.28
P/FCF N/A
P/OCF N/A
P/B 3.11
P/tB 3.2
EV/EBITDA N/A
EPS(TTM)-1.17
EYN/A
EPS(NY)-0.31
Fwd EYN/A
FCF(TTM)-0.47
FCFYN/A
OCF(TTM)-0.38
OCFYN/A
SpS0.51
BVpS0.7
TBVpS0.68
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -62.88%
ROE -166.82%
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)-49.74%
ROA(5y)-33.9%
ROE(3y)-111.81%
ROE(5y)-72.65%
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-Score4
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 281.96%
Cap/Sales 17.7%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.31
Quick Ratio 1.46
Altman-Z -3.47
F-Score4
WACC8.53%
ROIC/WACCN/A
Cap/Depr(3y)552.19%
Cap/Depr(5y)676.52%
Cap/Sales(3y)49.65%
Cap/Sales(5y)50.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)56.99%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%61.21%
EPS Next Y73.56%
EPS Next 2Y34.78%
EPS Next 3Y23.38%
EPS Next 5Y16.02%
Revenue 1Y (TTM)12.9%
Revenue growth 3Y0.4%
Revenue growth 5Y18.29%
Sales Q2Q%17.63%
Revenue Next Year8.35%
Revenue Next 2Y13.44%
Revenue Next 3Y16.32%
Revenue Next 5Y23.17%
EBIT growth 1Y38.26%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year73%
EBIT Next 3Y30.57%
EBIT Next 5Y23.16%
FCF growth 1Y37.77%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y26.46%
OCF growth 3YN/A
OCF growth 5YN/A

PLUG POWER INC / PLUG Fundamental Analysis 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.