LIVE

PLUG

Plug Power Inc.

PLUG

NASDAQ·Industrials·Electrical Equipment & Parts·Mkt cap $3.0B

$2.63

▼ -0.57%

View full research view

Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

View research view

52-Week Range

$1.35 - $4.58

P/E

-1.85

Fwd P/E

-8.42

Beta

2.12

Div Yield

0.00%

Avg Vol

74.3M

Shares Out

1.1B

Mkt Cap

$3.0B

Price action

Price chart

Up 88.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • End-to-end hydrogen ecosystem capabilities
  • Proprietary PEM fuel cell technology
  • Strategic partnerships with major corporations
  • First-mover advantage in green hydrogen infrastructure
▼

Bear Case

1 risk

  • High volatility (beta 2.1). Larger-than-normal price swings expected.

Growth

Moderate growth ahead

Accelerating global clean energy transition

Value

Deep value opportunity - significant discount to sector peers

Momentum

Strong

+9.5% over 3m

Quality

Loss-making

Solid business

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 10, 2026

“
Q2 26 RECAP

MAY 11, 2026

Reported EPS of -$0.18 vs -$0.09 consensus (-100.0% surprise). Revenue of $163.5M vs $139.9M expected (+16.9%).

EPS miss
Rev beat +16.9%

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-100.0%

Next: Aug 10, 2026

Revenue trend · last 8Q

—

—

-14%

+11%

+21%

+2%

+18%

+22%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$143.3M

$173.7M

$191.5M

$133.7M

$174.0M

$177.1M

$225.2M

$163.5M

Margins · last 8Q

Gross

—

Operating

—

Profit

-150.0%

View full earnings history →

Wall Street consensus

9 analysts · 33% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

33%

Hold

5

56%

Sell

1

11%

Median Price Target

$2.75

▲ +4.8% vs $2.63

Low $2.75
Median $2.75
High $2.75

Latest: Wells Fargo · May 19, 2026

1 analyst covering

View full analyst page →

vs Industry

How PLUG stacks vs Electrical Equipment & Parts

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.