Plug Power (PLUG) Stock Price

Plug Power Price

NYSE·CLOSED
1.44
​
Market closed

Revenue has compounded at 26.8% per year over the past 19 years to 709.92 M USD. Plug Power's net margin stands at -229.8%, down from -91.6% several years earlier. Analysts set a median price target of 1.80 USD, implying 25.0% above the current price. Of 29 analysts, 12 rate the stock a buy — an overall Hold consensus.

Plug Power stock price

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Plug Power business model & stock analysis

Plug Power Inc. is an American company that specializes in the development and production of fuel cells. The company was founded in 1997 in Latham, New York, and has since relocated its headquarters to the same location. Plug Power's history began in 1999 with the introduction of the first portable fuel cell system. In 2002, the company then introduced the first fuel cell system for forklifts. This system quickly gained popularity among companies seeking an environmentally friendly and efficient solution for their forklift fleet. Since then, the company has continuously expanded its product range and now also offers fuel cell systems for other applications such as trucks, drones, and stationary power generation. Plug Power's business model is based on the idea of offering a green, sustainable alternative to conventional energy sources. Fuel cell systems produce electricity through a chemical reaction between hydrogen and oxygen, with electrical energy and pure water as byproducts. Compared to fossil fuels such as coal or petroleum, fuel cell technology is much more energy efficient, as it practically has no losses due to friction or heat development. One of Plug Power's most important divisions is the manufacturing of fuel cell systems for forklifts. The company has achieved a leading market position in this area and is able to serve a wide variety of forklift models with different performance requirements. The advantages of Plug Power's fuel cell systems for forklifts are clear: forklifts powered by fuel cells have longer operating times, require less maintenance, can be refueled quickly and safely, and do not produce harmful emissions. Another important division of Plug Power is the development of fuel cell systems for trucks. Large trucks are responsible for a large portion of emissions in the transportation sector, and Plug Power sees great potential for its fuel cell technology in this area. The company has already formed partnerships with major truck manufacturers such as Volvo and Renault Trucks and is working on developing fuel cell systems for all types of commercial vehicles. In addition to forklifts and trucks, Plug Power also offers fuel cell systems for drones and stationary applications. In both cases, the focus is on offering an efficient and environmentally friendly alternative to conventional power sources. Fuel cells for drones enable longer flight times and greater payloads, while fuel cells for stationary applications provide reliable power supply for buildings and infrastructure. Plug Power's flagship product is the GenDrive fuel cell system for forklifts. This system consists of a fuel cell, a hydrogen tank, and a control unit, replacing the conventional battery drive of forklifts. GenDrive customers can benefit from higher efficiency, lower operating costs, and improved environmental performance. Overall, Plug Power has developed a wide range of products and is a leader in the application of fuel cells in the industry. The future of the company looks promising as the demand for environmentally friendly technologies in the industry and transportation sector continues to rise.

Frequently asked questions about Plug Power

Plug Power Inc is primarily present in the United States.

The business model of Plug Power Inc revolves around providing hydrogen fuel cell solutions for a variety of applications. Plug Power designs, manufactures, and sells fuel cell systems that replace traditional batteries in material handling equipment, such as forklift trucks. By utilizing hydrogen as a clean energy source, Plug Power's products offer enhanced operational efficiency and reduced environmental impact. With a focus on increasing productivity and decreasing carbon footprints, Plug Power has established itself as a leading provider of hydrogen fuel cell solutions in the industry.

Plug Power Inc is primarily active in the industries of hydrogen fuel cell systems and clean energy solutions.

The main competitors of Plug Power Inc in the market include Ballard Power Systems, FuelCell Energy Inc, and Bloom Energy.

Plug Power Inc is a leading provider of hydrogen fuel cells and fueling solutions for electric vehicles. Founded in 1997, the company has grown to become a key player in the green energy industry. Plug Power offers innovative products and services that help improve operational efficiencies, reduce carbon emissions, and increase productivity for customers across various sectors, including material handling, on-road electrification, and stationary power. With a strong focus on research and development, Plug Power continues to drive advancements in hydrogen fuel cell technology. The company has established strategic partnerships with renowned companies, further solidifying its position as a global leader in the clean energy space.

Plug Power Inc, a renowned provider of hydrogen fuel cell systems, has achieved numerous significant milestones in its journey. The company has successfully deployed over 40,000 fuel cell systems to customers worldwide, enabling them to switch to clean and sustainable energy solutions. Plug Power has collaborated with leading industry players to drive innovation and expand its offerings. The company's strategic partnerships with companies like Amazon, Walmart, and BMW have created immense growth opportunities. Plug Power's relentless focus on research and development has resulted in groundbreaking advancements, including the introduction of its GenDrive and GenSure solutions. With its continuous pursuit of excellence, Plug Power Inc has emerged as a trailblazer in the fuel cell industry.

Plug Power Inc is a leading provider of hydrogen fuel cell solutions. The company focuses on driving the adoption of clean and sustainable energy technologies. Plug Power Inc believes in the values of innovation, reliability, and collaboration. They aim to create a more efficient and environmentally friendly world by delivering hydrogen and fuel cell products that power electric vehicles and industrial equipment. With a commitment to customer success, Plug Power Inc strives to offer integrated solutions and exceptional service. Their corporate philosophy revolves around promoting sustainability, reducing carbon emissions, and advancing the transition to a hydrogen-powered economy.

Analysts currently set an average price target of 2.44 USD for the Plug Power stock (median: 1.80 USD), implying +69.4 % versus the latest price. The consensus is based on 29 analyst ratings.

29 analysts currently rate the Plug Power stock: 12 recommend buying, 14 holding and 3 selling. For 2026, analysts expect Plug Power to generate revenue of 819.33 M USD and earnings per share of -0.50 USD.

Converted at the current exchange rate, the Plug Power share trades at 1.28 EUR (1.44 USD).

The Plug Power share (PLUG) is listed on 13 stock exchanges, including: NYSE (PLUG), London (0R1J.L), SIX (Zürich) (PLUN.SW), XETRA (PLUN.DE), Frankfurt (PLUN.F), München (PLUN.MU), Stuttgart (PLUN.SG), Düsseldorf (PLUN.DU).

Plug Power Inc. is a leading provider of hydrogen-powered fuel cell systems for industrial use in the USA and Europe. The company offers a wide range of products and services including fuel cell systems, hydrogen generation, storage and distribution systems, maintenance, and support. Plug Power focuses on various industries including material handling, energy storage, transportation, and on-road applications. The company is a key partner for customers in the automotive industry, retail stores, and logistics companies looking for solutions to their energy supply problems. Plug Power provides its customers with a comprehensive energy ecosystem consisting of various components. The heart of the system is a hydrogen-powered fuel cell that generates electrical energy through a reaction of hydrogen and oxygen. Plug Power is proud to offer one of the largest fuel cell systems in the world, capable of delivering up to 125 kW of power. To ensure energy supply, the company also offers hydrogen generation, storage, and distribution systems. Hydrogen, a clean and renewable source of energy, is the fuel required by fuel cells. The company also provides hydrogen refueling stations to ensure reliable fuel supply to customers. Another important aspect of Plug Power's business model is customer service. The company offers maintenance and support services to ensure the continuity of energy supply. The company has a dedicated service team available 24/7 to solve energy supply issues or perform repairs. Plug Power also has a strong presence in online marketplaces. The company sells its products through online channels and is represented on various e-commerce platforms. Plug Power also has a wide range of partners and dealers who distribute and market its products and services. Corporate responsibility is another important aspect of Plug Power's business model. The company adopts sustainable practices in production to minimize environmental impact. Plug Power works closely with government agencies and research institutions to promote the energy transition. In summary, Plug Power's business model is characterized by a wide range of products and services aimed at providing customers with reliable, cost-effective, and sustainable energy supply. The company offers its customers a comprehensive energy ecosystem based on hydrogen and fuel cells, accompanied by a robust service model. Plug Power is committed to advancing the energy transition and helping its customers achieve their sustainability and energy efficiency goals.

The expected revenue of Plug Power is 819.33 M USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Plug Power is -579.59 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Plug Power is currently -2.88. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Plug Power stock.

The price-to-sales ratio (P/S) of Plug Power is currently 2.04. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Plug Power stock.

The Eulerpool Quality Score for Plug Power is 3/10.

The ISIN of Plug Power is US72919P2020. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Plug Power is A1JA81. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Plug Power is PLUG. The ticker symbol is used to trade Plug Power shares on the stock exchange.

Fair ValueTerminal
1.25 USD
Over-/UndervaluationTerminal
Fairly valued
Sector
Industry
Electrical Equipment
Number of shares
Employees
Revenue per Employee
274,949.26 USD
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Currency
USD
Initial public offering
Oct 28, 1999
ISIN
US72919P2020
Cusip
72919P202
Sedol
2508386
Market capitalization
2.00 B USDMid Cap
52-Week Range
PEG
—
P/E ratio
P/Ee 2026
-2.88
P/Ee 2027
-7.54
P/Ee 2028
-13.11
P/Ee 2029
-71.93
P/Ee 2030
30.86
P/S
P/Se
2.04
EV/EBIT
—
P/B Ratio
2.05
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
-92.55 %
Last updated Oct 18, 2026, 5:43 PM

Plug Power Ticker

BERLIN · PLUN.BEDÜSSELDORF · PLUN.DUFRANKFURT · PLUN.FHAMBURG · PLUN.HMLONDON · 0R1J.LMILAN · 1PLUG.MIMUNICH · PLUN.MUNASDAQ · PLUGNEW YORK · PLUGSIX · PLUN.SWSTUTTGART · PLUN.SGVIENNA · PLUG.VI

Plug Power FIGI

PLUN:GR · BBG000BCDKM7PLUN:GF · BBG000BCDL36PLUN:GD · BBG000BCDLB7PLUN:GY · BBG000BCDLH1PLUN:GS · BBG000BCDMY0PLUN:GM · BBG000BCDNB3PLUN:GB · BBG000BCDP37PLUN:GI · BBG000BCDPV6PLUN:GH · BBG000BCDQH0PLUG:US · BBG000C1XSP8PLUG:UA · BBG000C1XT76PLUG:UC · BBG000C1XV26

All fundamentals and in-depth analysis of Plug Power

Our stock analysis for Plug Power stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Plug Power. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.