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Plug Power(NASDAQ) PLUG

Market Cap$3.17BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1999)-99%
5 Year-91%
1 Year+47%
1 Month+2%
Premium Feature
Moneyball Superscore
40/100
$2.28
+3.41%
+0.07Today
After hours$2.28+$0.01 (+0.22%)
Plug Power last closing stock price
MetricPriceDate
Last closeUSD 2.272026-08-21
Plug Power stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-2.16%USD 2.322026-08-14
1 month+1.79%USD 2.232026-07-22
3 month-39.95%USD 3.782026-05-22
Year to date+15.23%USD 1.972025-12-31
1 year+47.4%USD 1.542025-08-21
3 year-73.07%USD 8.432023-08-22
5 year-90.63%USD 24.232021-08-20
Since inception-98.63%USD 160.001999-10-29

Plug Power Financials at a Glance

Market Cap

$3.17BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$744.09M

Net Income (TTM)

-$1.64B

EPS (TTM)

-$1.23

P/E Ratio

-1.84

Dividend

$0.00

Beta (Volatility)

2.05 (High)

Price

$2.28

Volume

57,274,952.645

Open

$2.21

Previous Close

$2.27

Daily Range

$2.21 - $2.34

52-Week Range

$1.41 - $4.58

Estimated Earnings Date

Nov 9, 2026

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About Plug Power

Plug Power Inc. builds systems that use hydrogen for clean energy. These products help businesses power vehicles without creating pollution. They serve industries like shipping and data storage.

What Does Plug Power Build?

  • GenDrive: Hydrogen-fueled fuel cells that power industrial vehicles like forklifts; uses Proton Exchange Membrane (PEM) technology.
  • GenFuel: Infrastructure systems for generating, storing, delivering, and dispensing liquid hydrogen fuel.
  • GenEco Electrolyzers: Modular systems that produce hydrogen from water using electricity; can create green hydrogen with renewable energy.
  • GenSure: Stationary fuel cells providing backup power for telecommunications, transportation, and data center markets.
  • Liquefaction Systems: Specialized equipment that cools hydrogen into liquid form for more efficient transport and storage.

Recent Strategic Moves

  • Resolved a customer contract dispute in June 2026 for a $50.0 million cash payment.
  • Sold high-voltage electrical infrastructure assets at a Texas project site during August 2026.
  • Executed an agreement to sell investment tax credits for $39.2 million in the second quarter of 2026.
  • Launched a restructuring plan in January 2026 to reduce workforce costs and improve liquidity.

Reach and Alliances

The company operates hydrogen production plants in Tennessee, Georgia, and Louisiana. It maintains strategic alliances with global partners like Airbus, Phillips 66, and BAE Systems to broaden its market reach.

Key Facts for 2026

  • Net revenue was $341.8 million for the six months ended June 30, 2026.
  • The company recorded a net loss of $436.1 million for the first half of 2026.
  • Market capitalization reached $3.8 billion in Q2 2026, up 124.5% year over year.
  • Unrestricted cash and cash equivalents totaled $161.9 million as of June 30, 2026.
  • Working capital reached $652.5 million by the end of June 2026.

The Bottom Line

Plug Power has transitioned from a fuel cell manufacturer to a vertically integrated green hydrogen company. Its expansion into production and infrastructure reflects an effort to manage the full energy lifecycle.

AI Generated • Aug 11, 2026

Industry

Electrical Equipment

Employees

2,582

CEO

Jose Luis Crespo, MBA

Headquarters

Slingerlands, NY 12110, US

PLUG Financials

Key Financial Metrics (TTM)

Gross Margin

-18.55%

Operating Margin

-70.15%

Net Income Margin

-220.59%

Return on Equity

-176.19%

Return on Capital

-34.40%

Return on Assets

-74.86%

Earnings Yield

-54.35%

Dividend Yield

0.00%

Payout Ratio

-1.00%

Stock Overview

Market Cap

$3.17BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

1.40B

Volume

57.27M

Avg. Volume

59.36M

Financials (TTM)

Gross Profit

-$138.00M

Operating Income

-$522.00M

EBITDA

-$1.59B

Operating Cash Flow

-$482.56M

Capital Expenditure

-$53.58M

Free Cash Flow

-$536.14M

Cash & ST Invst.

$161.89M

Total Debt

$823.10M

Plug Power Performance Analysis

Plug Power annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 701,440,00039.6%
20232023-12-31USD 891,340,00027.1%
20242024-12-31USD 628,814,000-29.5%
20252025-12-31USD 709,919,00012.9%
Plug Power sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-301.8%
Q42025-12-3127.2%
Q12026-03-31-27.4%
Q22026-06-309.0%
Plug Power annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -1.2551.6%
20232023-12-31USD -2.3084.1%
20242024-12-31USD -2.6816.6%
20252025-12-31USD -1.42-46.9%
Plug Power sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-55.0%
Q42025-12-31-135.5%
Q12026-03-3175.3%
Q22026-06-3022.2%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$178.30M

+2.5%

Gross Profit

-$1.68M

+96.9%

Gross Margin

-0.94%

N/A

Market Cap

$3.17BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.35M

N/A

Employees

2,344

N/A

Net Income

-$188.21M

+17.1%

EBITDA

-$158.31M

+20.0%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$161.89M

+15.0%

Total Debt

$823.10M

-17.0%

Accounts Receivable

$125.86M

-46.8%

Inventory

$493.45M

-23.4%

Long Term Debt

$757.06M

+23.4%

Short Term Debt

$66.04M

-82.5%

Return on Assets

-74.86%

N/A

Return on Invested Capital

-30.73%

N/A

Free Cash Flow

-$100.37M

+56.4%

Operating Cash Flow

-$94.06M

+51.0%

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Questions About PLUG

What is the current price of Plug Power?

Plug Power is trading at $2.27 per share.

What is the 52-week range for Plug Power?

Over the past 52 weeks, Plug Power has traded between $1.41 and $4.58.

How much debt does Plug Power have?

As of the most recent reporting period, Plug Power reported total debt of $1.04B.

How much cash does Plug Power have on hand?

Plug Power reported $317.42M in cash and cash equivalents in its most recent financial results.

What is Plug Power’s dividend yield?

Plug Power does not currently have a dividend yield.

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