Is PLUG a good stock to buy now?

Plug Power holds tremendous promise. The company is building an integrated hydrogen network. Those investments could fuel significant earnings and profit growth over the coming years. However, Plug Power's potential comes with many risks. While hydrogen holds substantial promise as a low-emissions fuel source, its commercial viability remains a big question. Meanwhile, Plug Power has yet to prove it can make money from the technology. It needs to routinely raise capital from investors to fund its operations and growth, which has weighed heavily on its share price. Investors should view Plug Power as a very speculative and high-risk stock that also offers high reward potential.

What will PLUG stock be worth in five years?

It's impossible to accurately predict a stock's price several years into the future. Forecasting Plug's future stock price is even more challenging, given its funding issues. On the one hand, the company expects to grow its business at a compound annual rate of more than 30% through 2030. It also expects to turn the corner and reach profitability by the end of 2028. If it's successful, the company could deliver significant share price appreciation. However, Plug hasn't delivered on its grand growth plans in the past. Further, it needs to raise significant capital from investors to fund its operations and growth. Its shares could continue losing value in the future, especially if it doesn't deliver on its ambitious growth plan.

Is Plug Power a publicly traded company?

Plug Power has been a publicly traded company since it completed its initial public offering in 1999. The hydrogen company trades under the stock ticker PLUG on the Nasdaq stock exchange.

How to Buy Plug Stock (PLUG) in 2026

How to Buy Plug Power Stock (PLUG) in 2026

By Matthew DiLallo – Updated Jan 8, 2026 at 5:53 PM EST | Fact-checked by Frank Bass

Key Points

Plug Power intends to build a comprehensive hydrogen ecosystem in the U.S. and Europe.
The company is targeting 30% compound annual business growth through 2030, aiming to achieve profitability by the end of 2028.
Investors can buy Plug Power stock through brokerage accounts, utilizing market or limit orders.

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How to buy Plug Power stock

Here's a step-by-step guide to adding the hydrogen-focused company to your portfolio:

Open your brokerage app: Log in to your brokerage account where you handle your investments. If you don't have one yet, take a look at our favorite brokers and trading platforms to find the right one for you.
Search for Plug Power: Enter the ticker "PLUG" into the search bar to bring up the stock's trading page.
Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
Submit your order: Confirm the details and submit your buy order.
Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.

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Should you invest in Plug Power?

Doing research is essential before buying a stock. It could lead you away from buying shares or further confirm your thesis. Here are some reasons why you might want to buy shares of Plug Power:

You believe that green hydrogen powered by renewable energy could be a crucial solution in helping decarbonize the global economy.
You think Plug Power's heavy investment in building an end-to-end hydrogen solution will pay off down the road.
You believe the stock will significantly outperform the S&P 500 over the next five years.
You don't need dividend income from your investment.
You understand that Plug Power isn't profitable and will continue losing money for at least the next several years.
You're comfortable with owning a stock that could be very volatile.
You understand the risks, including the possibility that shares of Plug Power could continue to lose value.

On the other hand, here are some factors that might cause you to opt against buying shares of Plug Power:

You're unsure if hydrogen will be a commercially viable alternative energy solution.
You're worried about Plug Power's ability to finance its ambitious growth strategy.
You're concerned that the company will continue to lose money.
You're retired or nearing retirement and need investments that generate income.
You're seeking investments with less volatility and a higher probability of generating attractive total returns.

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NASDAQ: PLUG

Plug Power

Today's Change

(3.85%) $0.08

Current Price

$2.16

Key Data Points

Market Cap

$2.9B

Day's Range

$2.11 - $2.21

52wk Range

$1.41 - $4.58

Volume

48.1M

Avg Vol

65.6M

Gross Margin

-2565.51%

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Is Plug Power profitable?

Profitability is a big driver of share price growth over the long term. Unfortunately, profitability has proven elusive for Plug Power. That has weighed on its share price over the years:

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Shares of the company have lost more than 99% of their value since its initial public offering (IPO) more than 20 years ago.

Plug Power was still a long way from profitability as of mid-2025. In 2024, the company reported $628.8 million in revenue, down from $891.3 million. Plug posted a staggering loss of over $2.1 billion for the year, up from almost $1.4 billion in the prior year.

The company is on a path to profitability. It's investing heavily to increase its manufacturing scale and build green hydrogen production facilities, which should continue powering robust revenue growth while improving its margins. The company believes that as it continues to scale, it will eventually turn the corner and reach profitability in the coming years. It currently aims to reach overall profitability by the end of 2028.

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Does Plug Power pay a dividend?

Plug Power didn't make dividend payments to its shareholders as of mid-2025. The company hasn't declared a dividend since its 1999 initial public offering. Since the company isn't yet anywhere near becoming profitable, it likely won't initiate a dividend in the foreseeable future.

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How to invest in Plug Power through ETFs

An alternative to investing directly in Plug Power stock is to consider a passive investment through a fund that holds its shares. One of the most common passive investment vehicles is an exchange-traded fund (ETF).

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Exchange-Traded Fund (ETF)

An exchange-traded fund, or ETF, allows investors to buy many stocks or bonds at once.

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In mid-2025, 67 ETFs held 146.6 million shares of Plug Power, according to ETF.com. The Global X Hydrogen ETF (HYDR +4.88%) had the highest allocation to Plug Power at over 6.5%. It was the fund's fifth-largest holding. That makes it a potentially appealing option for investors seeking greater passive exposure to Plug Power and other leading hydrogen stocks.

Will Plug Power stock split?

Plug Power hadn't announced an upcoming stock split as of mid-2025. The company had never completed a regular stock split in its history.

However, Plug Power did complete a reverse stock split in 2011. It completed a 1-for-10 reverse stock split to maintain its listing on the Nasdaq Stock Market and make its share price more appealing to institutional investors like mutual funds and hedge funds. Given its low stock price (less than $1 per share in mid-2025), it might need to complete another reverse stock split to maintain its listing on the Nasdaq.

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The bottom line

Plug Power has an ambitious plan to become a powerhouse in the hydrogen industry. The company is investing heavily to build additional hydrogen production sites and other infrastructure to become a leading provider of this lower-emissions fuel. The company's strategy could enable it to generate robust revenue and earnings growth in the coming years.

However, Plug Power has struggled to produce profits in the past. There's no guarantee it will achieve its bold plans and make money in the future. It's a very risky investment that could either pay off spectacularly or continue eroding shareholder value.

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Investing in Plug Power FAQs

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About the Author

Matt DiLallo has been a contributing Motley Fool stock analyst specializing in the energy, industrials, and real estate sectors since 2012. He also covers dividend-paying stocks, pre-IPO companies, ETFs, and other investing topics. He holds an MBA from Liberty University.

TMFmd19

@MatthewDiLallo

Matt DiLallo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

How to Buy Plug Power Stock (PLUG) in 2026

Key Points

How to buy Plug Power stock

Should you invest in Plug Power?

NASDAQ: PLUG

Key Data Points

Is Plug Power profitable?

Does Plug Power pay a dividend?

How to invest in Plug Power through ETFs

Exchange-Traded Fund (ETF)

Will Plug Power stock split?

The bottom line

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About the Author

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Investing in Plug Power FAQs

Is PLUG a good stock to buy now?

What will PLUG stock be worth in five years?

Is Plug Power a publicly traded company?

How to buy Plug Power stock

Should you invest in Plug Power?

Is Plug Power profitable?

Does Plug Power pay a dividend?

How to invest in Plug Power through ETFs

The bottom line

Related investing topics

NASDAQ: PLUG

Key Data Points

Will Plug Power stock split?