Plug Power Inc (PLUG) Stock Price Quote, News & Filings

Plug Power Inc — Company Profile

Plug Power Inc. specializes in providing comprehensive clean hydrogen and zero-emission fuel cell solutions. These innovative offerings cater to various sectors, including supply chain and logistics, on-road electric vehicles, and stationary power generation, with operations spanning North America and international markets. The company is actively constructing an end-to-end green hydrogen ecosystem, encompassing its production, efficient storage and delivery, and subsequent energy generation for both mobile and fixed applications. Its technological portfolio includes advanced proton exchange membrane (PEM) and fuel cell systems, fuel processing capabilities, and innovative fuel cell/battery hybrid designs. Furthermore, Plug Power develops the essential infrastructure for green hydrogen generation, storage, and dispensing. Among its flagship offerings is GenDrive, a hydrogen-powered PEM fuel cell system specifically engineered for material handling electric vehicles. GenFuel provides a complete liquid hydrogen fueling solution, covering generation, storage, delivery, and dispensing. GenCare is an IoT-driven service program that ensures ongoing maintenance and on-site support for various Plug Power systems, including GenDrive, GenSure, GenFuel, and ProGen. For stationary power needs, GenSure delivers modular PEM fuel cell power, crucial for backup and grid-support in telecommunications, transportation, and utility sectors. The company also offers GenKey, an integrated, ready-to-use solution for businesses transitioning to fuel cell power. ProGen represents the core fuel cell stack and engine technology, versatile enough for mobile and stationary fuel cell systems, and serving as engines in electric delivery vans. Additionally, GenFuel Electrolyzers are optimized hydrogen generators designed for clean hydrogen production. Plug Power distributes its products through a multi-channel approach, leveraging a direct sales force, collaborations with original equipment manufacturers (OEMs), and an extensive dealer network. The firm boasts significant strategic alliances with prominent entities such as Airbus, Lhyfe, Edison Motors, Phillips 66, Apex Clean Energy, BAE Systems, and Universal Hydrogen Co. Established in 1997, Plug Power Inc. maintains its corporate headquarters in Latham, New York.

Sector: Technology
Industry: Hardware, Equipment & Parts
Exchange: UQ
CEO: Jose Luis Crespo
Headquarters: Slingerlands, NY, US
IPO Date: Oct 29, 1999
Employees: 2,344
Website: www.plugpower.com

Key Metrics

Price: $1.90
Market Cap: $2.65B
Revenue (TTM): $163.51M

Plug Power Inc — Company Profile

Sector: Technology
Industry: Hardware, Equipment & Parts
Exchange: UQ
CEO: Jose Luis Crespo
Headquarters: Slingerlands, NY, US
IPO Date: Oct 29, 1999
Employees: 2,344
Website: www.plugpower.com

Key Metrics

Price: $1.90
Market Cap: $2.65B
Revenue (TTM): $163.51M

Summary

Website

www.plugpower.com

Location

Slingerlands, NY, US

Phone518 782 7700

Employees2,344

CEOJose Luis Crespo

SectorTechnology

IndustryHardware, Equipment & Parts

IPO DateOct 29, 1999

Ask AI

Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

How it makes money

A short diagram of the business model.

Latest Documents

Mentions in Filings

… preciation and amortization on the condensed statements of cash flows. Our long-term supply contracts are monitored for impairment each reporting period. Investments in Non-consolidated Affiliates Olin Corporation and Plug Power, Inc. have a joint venture named Hidrogenii, LLC (Hidrogenii), a strategic partnership that aims to leverage the strengths of both companies to advance hydrogen production and utilization. The joint venture began with t …
OLIN CorpPlug Power Inc·10-Q - Quarterly report Q3·Q3 26·30 Oct
… of the Board from April 2025 until his resignation in August 2026, and he thereafter has served as Strategic Advisor to the Board since September 2026. Previously, Mr. Shrestha served until October 2025 as President of Plug Power, Inc. (Nasdaq: PLUG), where he held senior leadership responsibilities, including oversight of business expansion, strategic investments, corporate development and capital markets initiatives, following his appointment …
Health In Tech, Inc.Plug Power Inc·8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q4 26·26 Oct
… e at General Electric Company, where he managed cross-division sourcing strategies and optimized global supply chain and supplier collaboration. From January 1995 to March 2003, he served as a Director and co-founder of Plug Power Inc., a leading hydrogen fuel cell technology company, where he led research and development of core fuel cell technologies and participated in the company’s initial public offering. Mr. Huang obtained a Bachelor’s degr …
Bitari IncPlug Power Inc·S-1/A - Registration statement (general form, amendment)·Q4 26·26 Oct
… e at General Electric Company, where he managed cross-division sourcing strategies and optimized global supply chain and supplier collaboration. From January 1995 to March 2003, he served as a Director and co-founder of Plug Power Inc., a leading hydrogen fuel cell technology company, where he led research and development of core fuel cell technologies and participated in the company’s initial public offering. Mr. Huang obtained a Bachelor’s degr …
Bitari IncPlug Power Inc·S-1/A - Registration statement (general form, amendment)·Q4 26·14 Oct
… rs of investment banking experience in the decarbonization industry. Mr. Kaplan has been involved in over 60 transactions totaling approximately $6 billion in transaction value, with notable deals including First Solar, Plug Power, FuelCell Energy, Renewable Energy Group and SunPower Corporation. Mr. Kaplan was most recently Managing Director of Clean Technologies/Renewables at Stifel Financial Corp. (“Stifel”). In this role, Mr. Kaplan was respo …
Spring Valley Acquisition Corp. VPlug Power Inc·S-1/A - REGISTRATION STATEMENT·Q4 26·13 Oct
… believe Mr. Howard’s extensive legal experience qualifies him to serve as our director. Sanjay Shrestha Mr. Shrethsa has served as an independent director since April 2025. Mr. Shrestha has served as the President of PLUG POWER INC (PLUG) since November 2024. Mr. Shrestha previously served as General Manager, Energy Solutions from January 2021 to November 2024 and as Chief Strategy Officer and Executive Vice President from April 2019 to Janu …
Health In Tech, Inc.Plug Power Inc·ARS - Annual report to security holders·FY25·13 Oct

Key Stats

Trading

Px/Chg 1D$1.90 / +0.53%

Avg Volume77.73M

Beta1.54

Mkt Cap2.65B

FD Mkt Cap3.00B

Float

Shrs Out/Float1.40B / 1.33B

Short Float0.31%

Days to Cover6.03

Stock Repurchased$0.00

Current Valuation

EV3.46B

EV/EBITDA-2.20

EV/Sales4.68

P/B3.54

P/S3.58

FCF Yield-5.97%

ROE-32.72%

ROA-10.36%

Current Ratio2.36

Estimates

P/E-1.58

Est P/E0.00

Est EPS-0.09

Est PEG0.00

Valuation

Metric	5Yr Avg	May '23	May '24	May '25	May '26	Oct '26
PRICE-BASED RATIOS
Price / Earnings	-4.79	-7.44	-1.10	-0.35	-4.27	-10.81
Price / Sales	8.56	7.68	1.68	1.17	16.05	16.21
Price / Book Value	1.90	1.33	0.52	0.43	3.70	3.54
Price / Free Cash Flow	-9.23	-4.96	-0.83	-0.69	-22.92	-16.76
ENTERPRISE VALUE METRICS
Enterprise Value	3,462.8	5,593.7	2,491.6	1,685.3	4,081.7	3,461.7
Enterprise Value / Sales	10.55	7.97	2.80	2.68	18.12	21.17
Enterprise Value / EBITDA	-6.39	-8.84	-1.98	-0.85	-4.65	-15.63
Enterprise Value / EBIT	-6.13	-8.18	-1.87	-0.82	-4.62	-15.14

Financials

Full Financials

Millions USD	5Yr CAGR (%)	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
INCOME STATEMENT
Revenue	9%	502.3	701.4	891.3	628.8	709.9
Gross Income	9%	-171.3	-194.4	-507.8	-624.9	-242.0
EBITDA	40.2%	-409.6	-632.5	-1,259.9	-1,976.4	-1,583.6
EBIT	39.3%	-432.9	-684.1	-1,331.0	-2,061.0	-1,628.2
Net Income	37.2%	-460.0	-724.0	-1,368.8	-2,104.7	-1,631.6
EPS (Diluted)	14.5%	-0.82	-1.25	-2.30	-2.45	-1.41
BALANCE SHEET
Cash & ST Inv	-38.5%	3,869.5	2,158.4	135.0	205.7	555.3
Total Assets	-18.7%	5,950.1	5,764.3	4,902.7	3,602.8	2,594.6
Total Liabilities	4.3%	1,344.4	1,704.1	2,004.6	1,795.1	1,591.3
Total Shareholder Equity	-32.1%	4,605.7	4,060.2	2,898.1	1,734.1	978.1
CASH FLOW
Net Operating Cash Flow	10.6%	-358.2	-620.8	-1,106.6	-728.6	-535.8
Cap Ex	-10.2%	-193.3	-463.9	-696.1	-334.2	-125.6
Free Cash Flow	4.7%	-551.4	-1,084.7	-1,802.7	-1,062.9	-661.5

Enterprise Value Bridge

Millions USD		13 Nov '26
Price (As of 13 Nov '26)		1.12
Basic Shares		1,395.07
Market Cap		1,563.2
Diluted Shares		1,391.21
Fully Diluted Shares Outstanding		1,391.21
Fully Diluted Market Cap		1,558.9
+Consolidated Debt		823.1
−In-the-Money Convertible Debt		—
+Capital Leases		243.6
+Operating Leases		—
−Cash & Equivalents		-161.9
−Short-term Investments		-
+Total Preferred		-
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		5.5
+Pension Liabilities		—
Enterprise Value		2,229.9

Segment data

Revenue

by Products and services

Sale Of Electrolyzers26%
Fuel Delivered To Customers19%
Power Purchase Agreements15%
Sale Of Cryogenic Equipment13%
Services Performed On Fuel Cell Systems And Related Infrastructure13%

Revenue

by Geography

United States75%
Non-us25%

Related companies

Summary

Website

www.plugpower.com

Location

Slingerlands, NY, US

Phone518 782 7700

Employees2,344

CEOJose Luis Crespo

SectorTechnology

IndustryHardware, Equipment & Parts

IPO DateOct 29, 1999

Ask AI

Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

How it makes money

A short diagram of the business model.

Latest Documents

Mentions in Filings

… preciation and amortization on the condensed statements of cash flows. Our long-term supply contracts are monitored for impairment each reporting period. Investments in Non-consolidated Affiliates Olin Corporation and Plug Power, Inc. have a joint venture named Hidrogenii, LLC (Hidrogenii), a strategic partnership that aims to leverage the strengths of both companies to advance hydrogen production and utilization. The joint venture began with t …
OLIN CorpPlug Power Inc·10-Q - Quarterly report Q3·Q3 26·30 Oct
… of the Board from April 2025 until his resignation in August 2026, and he thereafter has served as Strategic Advisor to the Board since September 2026. Previously, Mr. Shrestha served until October 2025 as President of Plug Power, Inc. (Nasdaq: PLUG), where he held senior leadership responsibilities, including oversight of business expansion, strategic investments, corporate development and capital markets initiatives, following his appointment …
Health In Tech, Inc.Plug Power Inc·8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q4 26·26 Oct
… e at General Electric Company, where he managed cross-division sourcing strategies and optimized global supply chain and supplier collaboration. From January 1995 to March 2003, he served as a Director and co-founder of Plug Power Inc., a leading hydrogen fuel cell technology company, where he led research and development of core fuel cell technologies and participated in the company’s initial public offering. Mr. Huang obtained a Bachelor’s degr …
Bitari IncPlug Power Inc·S-1/A - Registration statement (general form, amendment)·Q4 26·26 Oct
… e at General Electric Company, where he managed cross-division sourcing strategies and optimized global supply chain and supplier collaboration. From January 1995 to March 2003, he served as a Director and co-founder of Plug Power Inc., a leading hydrogen fuel cell technology company, where he led research and development of core fuel cell technologies and participated in the company’s initial public offering. Mr. Huang obtained a Bachelor’s degr …
Bitari IncPlug Power Inc·S-1/A - Registration statement (general form, amendment)·Q4 26·14 Oct
… rs of investment banking experience in the decarbonization industry. Mr. Kaplan has been involved in over 60 transactions totaling approximately $6 billion in transaction value, with notable deals including First Solar, Plug Power, FuelCell Energy, Renewable Energy Group and SunPower Corporation. Mr. Kaplan was most recently Managing Director of Clean Technologies/Renewables at Stifel Financial Corp. (“Stifel”). In this role, Mr. Kaplan was respo …
Spring Valley Acquisition Corp. VPlug Power Inc·S-1/A - REGISTRATION STATEMENT·Q4 26·13 Oct
… believe Mr. Howard’s extensive legal experience qualifies him to serve as our director. Sanjay Shrestha Mr. Shrethsa has served as an independent director since April 2025. Mr. Shrestha has served as the President of PLUG POWER INC (PLUG) since November 2024. Mr. Shrestha previously served as General Manager, Energy Solutions from January 2021 to November 2024 and as Chief Strategy Officer and Executive Vice President from April 2019 to Janu …
Health In Tech, Inc.Plug Power Inc·ARS - Annual report to security holders·FY25·13 Oct

Key Stats

Trading

Px/Chg 1D$1.90 / +0.53%

Avg Volume77.73M

Beta1.54

Mkt Cap2.65B

FD Mkt Cap3.00B

Float

Shrs Out/Float1.40B / 1.33B

Short Float0.31%

Days to Cover6.03

Stock Repurchased$0.00

Current Valuation

EV3.46B

EV/EBITDA-2.20

EV/Sales4.68

P/B3.54

P/S3.58

FCF Yield-5.97%

ROE-32.72%

ROA-10.36%

Current Ratio2.36

Estimates

P/E-1.58

Est P/E0.00

Est EPS-0.09

Est PEG0.00

Valuation

Metric	5Yr Avg	May '23	May '24	May '25	May '26	Oct '26
PRICE-BASED RATIOS
Price / Earnings	-4.79	-7.44	-1.10	-0.35	-4.27	-10.81
Price / Sales	8.56	7.68	1.68	1.17	16.05	16.21
Price / Book Value	1.90	1.33	0.52	0.43	3.70	3.54
Price / Free Cash Flow	-9.23	-4.96	-0.83	-0.69	-22.92	-16.76
ENTERPRISE VALUE METRICS
Enterprise Value	3,462.8	5,593.7	2,491.6	1,685.3	4,081.7	3,461.7
Enterprise Value / Sales	10.55	7.97	2.80	2.68	18.12	21.17
Enterprise Value / EBITDA	-6.39	-8.84	-1.98	-0.85	-4.65	-15.63
Enterprise Value / EBIT	-6.13	-8.18	-1.87	-0.82	-4.62	-15.14

Financials

Full Financials

Millions USD	5Yr CAGR (%)	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
INCOME STATEMENT
Revenue	9%	502.3	701.4	891.3	628.8	709.9
Gross Income	9%	-171.3	-194.4	-507.8	-624.9	-242.0
EBITDA	40.2%	-409.6	-632.5	-1,259.9	-1,976.4	-1,583.6
EBIT	39.3%	-432.9	-684.1	-1,331.0	-2,061.0	-1,628.2
Net Income	37.2%	-460.0	-724.0	-1,368.8	-2,104.7	-1,631.6
EPS (Diluted)	14.5%	-0.82	-1.25	-2.30	-2.45	-1.41
BALANCE SHEET
Cash & ST Inv	-38.5%	3,869.5	2,158.4	135.0	205.7	555.3
Total Assets	-18.7%	5,950.1	5,764.3	4,902.7	3,602.8	2,594.6
Total Liabilities	4.3%	1,344.4	1,704.1	2,004.6	1,795.1	1,591.3
Total Shareholder Equity	-32.1%	4,605.7	4,060.2	2,898.1	1,734.1	978.1
CASH FLOW
Net Operating Cash Flow	10.6%	-358.2	-620.8	-1,106.6	-728.6	-535.8
Cap Ex	-10.2%	-193.3	-463.9	-696.1	-334.2	-125.6
Free Cash Flow	4.7%	-551.4	-1,084.7	-1,802.7	-1,062.9	-661.5

Enterprise Value Bridge

Millions USD		13 Nov '26
Price (As of 13 Nov '26)		1.12
Basic Shares		1,395.07
Market Cap		1,563.2
Diluted Shares		1,391.21
Fully Diluted Shares Outstanding		1,391.21
Fully Diluted Market Cap		1,558.9
+Consolidated Debt		823.1
−In-the-Money Convertible Debt		—
+Capital Leases		243.6
+Operating Leases		—
−Cash & Equivalents		-161.9
−Short-term Investments		-
+Total Preferred		-
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		5.5
+Pension Liabilities		—
Enterprise Value		2,229.9

Segment data

Revenue

by Products and services

Sale Of Electrolyzers26%
Fuel Delivered To Customers19%
Power Purchase Agreements15%
Sale Of Cryogenic Equipment13%
Services Performed On Fuel Cell Systems And Related Infrastructure13%

Revenue

by Geography

United States75%
Non-us25%

Plug Power Inc(PLUG US)

Plug Power Inc(PLUG US)

Plug Power Inc(PLUG US)

Plug Power Inc(PLUG US)

Financials & Metrics

Financials & Metrics

Plug Power Inc — Company Profile

Key Metrics

Plug Power Inc — Company Profile

Key Metrics

Dividends

Summary

Ask AI

Latest Documents

SEC Filings(2.3K)

News

Mentions in Filings

Key Stats

Trading

Float

Current Valuation

Estimates

Valuation

Financials

Related companies

Dividends

Summary

Ask AI

Latest Documents

SEC Filings(2.3K)

News

Mentions in Filings

Key Stats

Trading

Float

Current Valuation

Estimates

Valuation

Financials

Related companies