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PLUG US​

Plug Power Inc(PLUG US)

$1.38+0.000.00%Ext:$1.36-0.021.42%(Market Closed · 00:00:00 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

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
Net Income (TTM)
$-245304000.00
EPS (TTM)
-0.18
P/E (TTM)
-1.58
P/B (TTM)
3.54
Dividend Yield
0.00%
ROE (TTM)
-32.72%
ROA (TTM)
-10.36%
Operating Margin
-63.56%
Beta
1.54

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

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.

Website
www.plugpower.com
Location
Slingerlands, NY, US
Phone518 782 7700
Employees2,344
CEOJose Luis Crespo
SectorTechnology
IndustryHardware, Equipment & Parts
IPO DateOct 29, 1999

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Latest Documents

SEC Filings(2.3K)

Expand
  • 4Haycraft Benjamin19 Oct
  • 144Haycraft Benjamin15 Oct
  • 8-KResults of Operations and Financial Condition15 Oct
  • 4Angle Colin M2 Oct
  • 4Kenausis Gregory2 Oct
  • 4Joggerst Patrick2 Oct
  • 4BONNEY MARK J2 Oct
  • 4Marsh Andrew2 Oct
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers23 Sep
  • 4Haycraft Benjamin22 Sep
  • 144Haycraft Benjamin18 Sep
  • 4Haycraft Benjamin15 Sep
  • 144Haycraft Benjamin15 Sep
  • 144Haycraft Benjamin11 Sep
  • 144Angle Colin M9 Sep
  • 10-QQ2ended 30 Jun 202610 Aug
  • 8-KResults of Operations and Financial Condition10 Aug
  • SC 13G/APLUG POWER INC29 Jul
  • 8-KEntry into a Material Definitive Agreement13 Jul
  • 4Kenausis Gregory6 Jul

News

  • Bloom Energy Sinks 4% as Negative Cash Flow Overshadows Third Guidance Raise; FuelCell and Plug Power Hold Steady23 Oct
  • Plug Power (PLUG) Sees a More Significant Dip Than Broader Market: Some Facts to Know22 Oct
  • Bloom Energy Sinks 9% as Pre-Earnings Rally Reverses; FuelCell Drops 6%, Plug Power Falls 3%22 Oct
  • Bloom Energy Jumps 7% Ahead of Q3 Report as Musk Calls Power AI's Real Bottleneck; FuelCell Ticks Up, Plug Power Barely Moves21 Oct
  • Health In Tech Appoints Sanjay Shrestha as Chief Executive Officer to Lead Next Phase of Growth and Strategic Expansion20 Oct
  • Plug Power Appoints Dr. Lee Sweetland as Global Engineering Industrialization Lead19 Oct
  • Could Buying Plug Power Today Transform $1,000 Into Life-Changing Wealth?17 Oct
  • Down 30.0% in 4 Weeks, Here's Why Plug Power (PLUG) Looks Ripe for a Turnaround16 Oct
  • Plug Power (PLUG) Surpasses Market Returns: Some Facts Worth Knowing15 Oct
  • Plug Power Reports Continued Business Progress, Sets Dates for Third Quarter 2026 Earnings Call and Global Plug Symposium15 Oct
  • Stock Market Today, Oct. 14: Plug Power Falls on Analyst Target Cuts and Concerns Over Rising Interest Rates14 Oct
  • Eos Energy Enterprises vs. Plug Power: Which Energy Storage Pioneer Is a Better Buy in 2026?12 Oct
  • Plug Power (PLUG) Stock Sinks As Market Gains: Here's Why9 Oct
  • Did Plug Power Inc. Insiders Breach their Fiduciary Duties to Shareholders?8 Oct
  • Bloom Energy Tumbles 8% Even as UBS Lifts Its Price Target to $350; FuelCell Energy Slides 8%, Plug Power Drops 3%8 Oct
  • Plug Power, Inc. (PLUG) Is a Trending Stock: Facts to Know Before Betting on It8 Oct
  • What next for the falling Plug Power stock price?7 Oct
  • FuelCell Tumbles 12% as Its Finance Chief of 15 Years Steps Down; Bloom Energy Dips, Plug Power Slides 3%7 Oct
  • Plug Power (PLUG) Stock Sinks As Market Gains: What You Should Know6 Oct
  • FuelCell Energy Surges 11% on Fit Energy's Pennsylvania Data Center Plan; Bloom Energy Climbs 4%, Plug Power Barely Budges6 Oct

Mentions in Filings

  • … 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 <strong>Plug Power</strong> 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, <strong>Plug Power</strong>, 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 <strong>PLUG POWER</strong> 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
  • … , Sacramento in 1982. We believe Mr. Hayes’ extensive financial accounting and audit experience qualifies him to serve as our director. Tim Cortes Director nominee Mr. Cortes served as the Chief Technology Officer at <strong>Plug Power</strong> (Nasdaq: PLUG), a company engaged in the development of hydrogen fuel cell systems, from March 2021 to June 2025 and as Vice President of Hydrogen Energy Systems at Plug Power from January 2015 to March 2021. Before joi …
    Health In Tech, Inc.Plug Power Inc·DEF 14A - PROXY STATEMENT·Q4 26·13 Oct
  • … , Sacramento in 1982. We believe Mr. Hayes’ extensive financial accounting and audit experience qualifies him to serve as our director. Tim Cortes Director nominee Mr. Cortes served as the Chief Technology Officer at <strong>Plug Power</strong> (Nasdaq: PLUG), a company engaged in the development of hydrogen fuel cell systems, from March 2021 to June 2025 and as Vice President of Hydrogen Energy Systems at Plug Power from January 2015 to March 2021. Before joi …
    Health In Tech, Inc.Plug Power Inc·PRE 14A - PROXY STATEMENT·Q3 26·30 Sep
  • … R A P P O I N T E E S ( E F F E C T I V E U P O N T R A D I N G ) Board at listing 5 directors • 3 independent Christina Shea Wayne Wenhua Huang, Ph.D. Long Zhang Audit, Compensation, Nominating committees Co - founder, <strong>Plug Power</strong>; ex - IMI, Kodak, CEO, Long - run Investment; ex - Bosera No reliance on controlled - company Former Mayor, City of Irvine; government GE; PE investor; audit committee financial Chief Information Officer; Audit Chair ex …
    Bitari IncPlug Power Inc·FWP - Free writing prospectus·Q3 26·29 Sep

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/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-4.79-7.44-1.10-0.35-4.27-10.81
Price / Sales8.567.681.681.1716.0516.21
Price / Book Value1.901.330.520.433.703.54
Price / Free Cash Flow-9.23-4.96-0.83-0.69-22.92-16.76
ENTERPRISE VALUE METRICS
Enterprise Value3,462.85,593.72,491.61,685.34,081.73,461.7
Enterprise Value / Sales10.557.972.802.6818.1221.17
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 USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue9%502.3701.4891.3628.8709.9
Gross Income9%-171.3-194.4-507.8-624.9-242.0
EBITDA40.2%-409.6-632.5-1,259.9-1,976.4-1,583.6
EBIT39.3%-432.9-684.1-1,331.0-2,061.0-1,628.2
Net Income37.2%-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%3,869.52,158.4135.0205.7555.3
Total Assets-18.7%5,950.15,764.34,902.73,602.82,594.6
Total Liabilities4.3%1,344.41,704.12,004.61,795.11,591.3
Total Shareholder Equity-32.1%4,605.74,060.22,898.11,734.1978.1
CASH FLOW
Net Operating Cash Flow10.6%-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 Flow4.7%-551.4-1,084.7-1,802.7-1,062.9-661.5

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)1.37
Basic Shares1,395.07
Market Cap1,913.2
Diluted Shares1,389.67
Fully Diluted Shares Outstanding1,389.67
Fully Diluted Market Cap1,905.8
+Consolidated Debt1,010.2
−In-the-Money Convertible Debt—
+Capital Leases436.8
+Operating Leases—
−Cash & Equivalents-223.2
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest24.1
+Pension Liabilities—
Enterprise Value2,724.3

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%

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