Plug Power Stock

Plug Power Net Income

The Net Income of Plug Power (PLUG) as of Aug 13, 2026 is -1.63 B USD. In the previous year, Net Income was -2.10 B USD — a change of -22.48% (higher).

Net Income

-1.63 BUSD

YoY

-22.48%

Last updated:

In 2026, Plug Power's profit amounted to -1.63 B USD, a -22.48% increase from the -2.10 B USD profit recorded in the previous year.

The Plug Power Net Income history

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NET INCOME (undefined USD)
Date
NET INCOME (undefined USD)
Jan 1, 2023
0.00 base
Jan 1, 2024
0.00 base
Jan 1, 2025
0.00 base
Jan 1, 2026 (e)
0.00 base
Jan 1, 2027 (e)
0.00 base
Jan 1, 2028 (e)
0.00 base
Jan 1, 2029 (e)
0.00 base
Jan 1, 2030 (e)
0.00 base
YEARNET INCOME (undefined USD)
2030 est -
2029 est -
2028 est -
2027 est -
2026 est -
2025 -
2024 -
2023 -
2022 -
2021 -
2020 -
2019 -
2018 -
2017 -
2016 -
2015 -
2014 -
2013 -
2012 -
2011 -
2010 -
2009 -
2008 -
2007 -
2006 -
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Plug Power Revenue

Plug Power Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
891.34 M USD
-1.34 B USD
-1.37 B USD
Jan 1, 2024
628.81 M USD
-2.06 B USD
-2.10 B USD
Jan 1, 2025
709.92 M USD
-679.57 M USD
-1.63 B USD
Jan 1, 2026 (e)
817.89 M USD
-787.39 M USD
-323.56 M USD
Jan 1, 2027 (e)
965.29 M USD
-933.55 M USD
-208.75 M USD
Jan 1, 2028 (e)
1.16 B USD
-1.12 B USD
-157.00 M USD
Jan 1, 2029 (e)
1.45 B USD
-1.40 B USD
-125.25 M USD
Jan 1, 2030 (e)
1.91 B USD
-1.85 B USD
-59.14 M USD

Plug Power Margins

Plug Power stock margins

The Plug Power margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Plug Power. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Plug Power.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2023
-56.97 %
-150.73 %
-153.57 %
Jan 1, 2024
-99.38 %
-327.75 %
-334.71 %
Jan 1, 2025
-34.09 %
-95.73 %
-229.83 %
Jan 1, 2026 (e)
-34.09 %
-96.27 %
-39.56 %
Jan 1, 2027 (e)
-34.09 %
-96.71 %
-21.63 %
Jan 1, 2028 (e)
-34.09 %
-96.74 %
-13.53 %
Jan 1, 2029 (e)
-34.09 %
-96.74 %
-8.63 %
Jan 1, 2030 (e)
-34.09 %
-96.74 %
-3.10 %

Plug Power Stock analysis

What does Plug Power do? 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. Plug Power is one of the most popular companies on Eulerpool.

Net Income Details

Understanding Plug Power's Profit Margins

The profit margins of Plug Power represent the net income earned after deducting all operational expenses, costs, and taxes from the revenue. This figure is a clear indicator of Plug Power's financial health, operational efficiency, and profitability. Higher profit margins signify better cost management and income generation capabilities.

Year-to-Year Comparison

Evaluating Plug Power's profit on a yearly basis can offer significant insights into its financial growth, stability, and trends. A consistent increase in profit suggests improved operational efficiency, cost management, or increased revenue, while a decrease may indicate rising costs, declining sales, or operational challenges.

Impact on Investments

Plug Power's profit figures are critical for investors who are aiming to understand the company's financial standing and future growth prospects. Increased profits often lead to higher stock valuations, boosting investor confidence and attracting more investments.

Interpreting Profit Fluctuations

When Plug Power’s profit increases, it often indicates enhanced operational efficiency or increased sales. In contrast, a decline in profit can signal operational inefficiencies, increased costs, or competitive pressures, necessitating strategic interventions to boost profitability.

Frequently Asked Questions about Plug Power stock

Net Income of Plug Power is -1.63 B USD in 2026.

Net Income of Plug Power changed from -2.10 B USD to -1.63 B USD, representing a -22.48% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Net Income Plug Power since 2006 – with annual values, charts, and detailed analysis.

The achievement of a profit is the biggest goal of a company. The profit can be used for distribution or reinvestment. The profit (also called annual surplus or EAT, earnings after taxes) is the positive difference between income and expenses in a period as shown in the income statement. A negative annual surplus is called annual loss. Both performance measures are also combined under the neutral term annual result.

The Net Income is derived from all revenues / sales minus the expenses in the period under review. The following overview clearly shows which positions contribute to the annual surplus and where the differences lie compared to other variants of profit such as EBT, EBIT, and EBITDA.

Net Income's USD is a key factor for investors. Changes in this metric can signal improving or deteriorating fundamentals, directly impacting the stock price. On Eulerpool, you can track Net Income's Plug Power historically and in real time.

The profit in evaluating a stock

History, usage, calculation, and application of earnings in securities trading.

The history of earnings dates back to the beginnings of modern business organization. Since the beginning of industrialization, companies have been established to generate profits, and profits have been considered an essential part of corporate management. In recent years, the importance of earnings for investors has continued to rise, as many investors seek to find stocks that generate solid earnings.

Use of Profits

In securities trading, profits are used to determine the value of a stock. A company that generates profits is considered financially healthy and its stocks are valued higher, while a company that does not generate profits is considered less reliable and therefore receives a lower valuation. Investors can review the profits of each company by examining the relevant documents such as the income statement, the annual financial statements, and the income tax audits.

Calculation of profits

There are several different ways to calculate profits. The simplest way to calculate profits is by calculating net earnings. Net earnings are calculated by subtracting the company's expenses from its revenue. Another way to calculate profits is by calculating operating income. Operating income is calculated by subtracting the company's materials costs and employee wages and salaries from its revenue.

Use of profits

There are many different ways in which investors can use profits when evaluating stocks. One example is calculating the price-to-earnings ratio (P/E ratio). The P/E ratio is the relationship between the price of a stock and the company's earnings. When calculating the P/E ratio, the stock price is divided by the company's earnings. A low P/E value indicates that the stock has a good price-performance ratio, and a high P/E value indicates that the stock has a poor price-performance ratio.

Advantages and disadvantages of using profits

There are many advantages to using earnings in securities trading. Firstly, investors can check the financial health of a company by analyzing earnings. Secondly, investors can make a better decision about the valuation of a stock by calculating the P/E ratio. Thirdly, investors can reduce their risk by choosing stocks with a low P/E ratio.

However, there are also some drawbacks to relying on profits. Firstly, profits can be distorted if a company increases its profits through cost-cutting measures. Secondly, profits can present an inaccurate picture of a company's financial health if they are not calculated correctly. Thirdly, profits may not always be a reliable indicator of a company's future, as they can easily fluctuate.

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Overall, it can be said that profits in securities trading are an important indicator of a company's financial health. Investors can analyze profits to get a better understanding of the company's financial health and make informed decisions about stock valuation. However, there are some disadvantages to using profits as they can sometimes be distorted or inaccurate. Therefore, it is important for investors to be cautious and carefully analyze profits before making a decision to buy or sell stocks.

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Income Statement — Plug Power

All Key Metrics — Plug Power