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PLUG

Plug Power Inc.

PLUG

NASDAQ·Industrials·Electrical Equipment & Parts·Mkt cap $2.9B

$2.10

+0.48%

P/E

-1.56

Mkt Cap

$2.9B

52-Wk Range

$1.41–$4.58

52-Week Range

$1.41 - $4.58

P/E

-1.56

Fwd P/E

-5.08

Beta

2.22

Div Yield

0.00%

Avg Vol

65.7M

Shares Out

1.1B

Mkt Cap

$2.9B

Price action

Price chart

Up 40.3% over the trailing year

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 2.2). 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

Falling

-43.4% over 3m

Quality

Loss-making

Mixed fundamentals

Dividend

None

No dividend

Earnings track record

Recent earnings results

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

Next: Nov 9, 2026

Q3 26 RECAP

AUG 10, 2026

Reported EPS of -$0.14 vs -$0.08 consensus (-80.1% surprise). Revenue of $178.3M vs $169.1M expected (+5.4%).

EPS miss
Rev beat +5.4%

EPS surprise · last 4Q

0 of 1 beats

Estimate

Actual

Q3 26

-80.1%

Revenue trend · last 8Q

-14%

+11%

+21%

+2%

+18%

+22%

+2%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$173.7M

$191.5M

$133.7M

$174.0M

$177.1M

$225.2M

$163.5M

$178.3M

Margins · last 8Q

Gross

-0.9%

Operating

-36.0%

Profit

-105.6%

Wall Street consensus

13 analysts · 38% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

5

38%

Hold

6

46%

Sell

2

15%

Median Price Target

Latest: Roth Capital · Aug 12, 2026

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.