Plug Power (PLUG) Stock Price
Plug Power Price
Plug Power (PLUG) Stock | ISIN US72919P2020 | WKN A1JA81. The current Plug Power stock price is 2.84 USD (2026). Revenue is 938.31 M USD. Net income is -430.57 M USD. The P/E ratio is -5.17. Market capitalization is 3.95 B USD. Plug Power operates in the Industry sector.
Revenue has compounded at 22.4% per year over the past 19 years to 628.81 M USD. Plug Power's net margin stands at -334.7%, down from -194.5% several years earlier.
Plug Power stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Plug Power over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Plug Power stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Plug Power's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
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Plug Power Revenue, EBIT, Net Income
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Plug Power Income Statement, Balance Sheet, Cash Flow Statement
| REVENUE (B USD) |
|---|
| REVENUE GROWTH (%) |
| GROSS MARGIN (%) |
| GROSS INCOME (M USD) |
| NET INCOME (M USD) |
| NET INCOME GROWTH (%) |
| SHARES (M) |
| DOCUMENTS |
| 2024 | 2025e | 2026e | 2027e | 2028e | 2029e | 2030e | 2031e |
|---|---|---|---|---|---|---|---|
| 0.63 | 0.76 | 0.94 | 1.08 | 1.3 | 1.74 | 2.15 | 2.7 |
| -29.52 | 20.54 | 23.91 | 15.03 | 20.85 | 33.13 | 23.68 | 25.62 |
| -99.36 | -82.43 | -66.52 | -57.83 | -47.85 | -35.94 | -29.06 | -23.14 |
| -624 | -624 | -624 | -624 | -624 | -624 | -624 | -624 |
| -2,104 | -1,071 | -430 | -298 | -198 | 18 | 165 | 411 |
| 53.8 | -49.1 | -59.85 | -30.7 | -33.56 | -109.09 | 816.67 | 149.09 |
| 785.02 | 785.02 | 785.02 | 785.02 | 785.02 | 785.02 | 785.02 | 785.02 |
| – | – | – | – | – | – | – | – |
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Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Plug Power generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Plug Power retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Plug Power's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Plug Power has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Plug Power's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Plug Power stock margins
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Plug Power Stock Revenue, EBIT, Earnings per Share
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Plug Power business model & stock analysis
Plug Power SWOT Analysis
Strengths
Plug Power Inc has a strong track record of innovation and technological expertise in the fuel cell industry. Their proven ability to develop and commercialize advanced fuel cell solutions gives them a competitive edge in the market.
The company has established partnerships with major players in industries such as automotive, retail, and logistics. These partnerships provide Plug Power with access to a wide customer base and help drive market penetration.
Plug Power's financial performance has been impressive in recent years, with consistent revenue growth and strong profitability. This financial stability enhances their ability to invest in research and development, expand production capacity, and further strengthen their market position.
Weaknesses
One of Plug Power's weaknesses is their dependence on a limited number of customers. The loss or reduction of business from key customers could significantly impact their revenue and profitability.
The company has faced scrutiny regarding their ability to consistently deliver on their growth projections. This could impact investor confidence and result in a decline in stock performance.
Plug Power has a high level of competition in the fuel cell industry, with several global players vying for market share. To maintain their position, they must continuously differentiate themselves and stay ahead in terms of technology and cost efficiency.
Opportunities
The increasing global focus on sustainable energy solutions presents a significant opportunity for Plug Power. As governments and businesses aim to reduce carbon emissions, there is growing demand for clean energy alternatives like fuel cells.
Expansion into new markets and industries is another potential opportunity. Plug Power can leverage their expertise to enter sectors such as aerospace, maritime, and residential applications, further diversifying their revenue streams.
Plug Power could also benefit from strategic partnerships with companies that have a complementary product or service offering. Collaborations can help expand their product portfolio and reach new customer segments.
Threats
One of the main threats for Plug Power is the ongoing volatility in the energy market and the potential for regulatory changes. Shifts in government policies or regulations could impact the adoption and incentives for fuel cell technology.
The rapid pace of technological advancements and the emergence of alternative clean energy solutions pose a threat. Plug Power must continue to invest in research and development to stay ahead and ensure their technology remains competitive.
The current global economic uncertainty can also impact Plug Power's business. A slowdown in industrial activities or reduced capital expenditure by customers could lead to a decrease in demand for their products.
Plug Power Eulerpool Fair Value
Plug Power historical P/E ratio, EBIT multiple, and P/S ratio
Plug Power annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Plug Power shares outstanding
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Plug Power Earnings Estimates
Plug Power Earnings Estimates
| Date | EPS estimate | Revenue Estimate | Quarterly report |
|---|---|---|---|
| 5/13/2026 | -0.1USD | 145.41 MUSD | 2026 Q1 |
| 5/11/2026 | -0.1USD | 145.41 MUSD | 2026 Q1 |
| 3/2/2026 | -0.1USD | 222.12 MUSD | 2025 Q4 |
| 2/26/2026 | -0.1USD | 222.12 MUSD | 2025 Q4 |
| 11/12/2024 | -0.25USD | 214.44 MUSD | 2024 Q3 |
| 11/7/2024 | -0.24USD | 236.97 MUSD | 2024 Q3 |
| 5/7/2024 | -0.27USD | 352.35 MUSD | 2024 Q1 |
| 2/28/2024 | -0.32USD | 420.2 MUSD | 2023 Q4 |
| 8/7/2023 | -0.17USD | 307.22 MUSD | 2023 Q2 |
| 5/8/2023 | -0.2USD | 263.18 MUSD | 2023 Q1 |
EESG©
Eulerpool ESG Scorecard© for the Plug Power stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
Plug Power shareholder structure
| % | Name |
|---|---|
7.30479% | |
4.7529% | |
3.94974% | |
1.72975% | |
1.46563% | |
1.22021% | |
0.92624% | |
0.88607% | |
0.77464% | |
0.76609% |
Plug Power Executives and Management Board
Mr. Paul Middleton
(58)Chief Financial Officer, Executive Vice President
Mr. Jose Crespo
(55)Chief Revenue Officer
Mr. Sanjay Shrestha
(51)President
Mr. Andrew Marsh
(69)Chief Executive Officer, Director · since 2008
Mr. Dean Fullerton
(57)Chief Operating Officer
Plug Power Supply Chain
Frequently asked questions about Plug Power
Plug Power Inc is primarily present in the United States.
Plug Power stock
Plug Power Peer Group
Plug Power Ticker
Plug Power FIGI
All fundamentals and in-depth analysis of Plug Power
Our stock analysis for Plug Power Revenue 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 Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.