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Plug Power(NASDAQ) PLUG

Current Price$2.10
Market Cap$2.92BMarket 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-92%
1 Year+18%
1 Month-20%
Plug Power last closing stock price
MetricPriceDate
Last closeUSD 2.092026-07-24
Plug Power stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-3.69%USD 2.172026-07-17
1 month-19.92%USD 2.612026-06-24
3 month-33.44%USD 3.142026-04-24
Year to date+6.09%USD 1.972025-12-31
1 year+18.08%USD 1.772025-07-24
3 year-82.33%USD 11.832023-07-25
5 year-92.2%USD 26.812021-07-23
Since inception-98.69%USD 160.001999-10-29

Plug Power Financials at a Glance

Market Cap

$2.92BMarket 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)

$739.76M

Net Income (TTM)

-$1.68B

EPS (TTM)

-$1.30

P/E Ratio

-1.61

Dividend

$0.00

Beta (Volatility)

2.03 (High)

Price

$2.10

Volume

213,718.979

Open

$2.19

Previous Close

$2.09

Daily Range

$2.07 - $2.20

52-Week Range

$1.39 - $4.58

Estimated Earnings Date

Aug 10, 2026

PLUG News

GettyImages-1358609014-1200x800-5b2df79

Plug Power Stock Jumped 83% in the First 5 Months of 2026 Only to Give up 100% of the Gains. Here's What to Expect From the Hydrogen Stock the Rest of the Year.

Ryan VanzoJul 26, 2026
Plug Power logo

Plug Power vs. FuelCell: Both Are Hot in 2026, but Only One Is Worth Buying Now

Catie HoganJul 20, 2026
PLUG

Plug Power Wins a 50-Megawatt Order in Australia. Here's What It Means for the Hydrogen Stock.

Ryan VanzoJul 18, 2026
smiling investor works on tablet.

Here's Why Plug Power Stock Soared 37.6% in the First Half of 2026

Scott LevineJul 16, 2026
TMF-Solar-Panels-Blue-StockVStock.png

Bloom Energy vs. Plug Power: Which Fuel Cell Stock Is a Better Buy in 2026?

Brendan CoffeyJul 15, 2026
boy in suit looks through telescope.

Plug Power Expects to Reach Profitability by the End of 2028. Here's What Could Go Wrong.

Scott LevineJul 2, 2026
A hydrogen energy storage system near solar panels.

9 Best Hydrogen Stocks for 2026 and How to Invest

Matt DiLalloJul 2, 2026
TMF-Solar-Panels-Blue-StockVStock.png

Enphase Energy vs. Plug Power: Which Renewable Energy Stock Is a Better Buy in 2026?

Brendan CoffeyJul 1, 2026
Page 1

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About Plug Power

Plug helps businesses switch from fossil fuels to clean hydrogen. It makes power systems for warehouse vehicles and backup generators. The company builds setups to produce and store hydrogen gas.

Fueling Industrial Machines

  • Electrolyzers: Modular systems that split water into hydrogen and oxygen using electricity; explained as generators for clean fuel production.
  • GenDrive: Hydrogen-fueled systems that power industrial vehicles like electric forklifts and ground support equipment.
  • GenFuel: Infrastructure for the delivery, storage, and dispensing of liquid hydrogen fuel to commercial customers.
  • GenSure: Stationary fuel cells providing backup power for telecommunications, transportation, and utility sectors.
  • Cryogenic Equipment: Specialized trailers and containers for distributing liquefied hydrogen and other industrial gases.

Strategic Alliances and Expansion

  • Formed a joint venture called Hidrogenii with Olin to produce hydrogen at a facility in Louisiana.
  • Established AccionaPlug with Acciona Generacion Renovable to develop renewable hydrogen projects across Spain and Portugal.
  • Maintains a long-term transaction agreement with Amazon involving warrants to support supply chain and logistics operations.
  • Launched the 2026 Restructuring Plan in January 2026 to reduce the workforce and lower overall operating costs.

Why the Ecosystem Matters

Plug builds a vertically integrated hydrogen ecosystem that covers production, liquefaction, and equipment manufacturing. This internal supply chain supports industrial mobility applications and large-scale stationary power requirements for global clients.

Tracking Recent Performance

  • Revenue reached $163.5 million in Q1 2026, up 22.3% from $133.7 million in Q1 2025.
  • Gross loss narrowed to $21.6 million in Q1 2026, an improvement of 70.7% from the previous year.
  • Net loss worsened by 24.7% to $245.3 million during the first quarter of 2026.
  • Free cash flow hit negative $158.2 million in Q1 2026, deepening by 8.3% year-over-year.

Evolution of a Hydrogen Leader

Plug is evolving from a fuel cell manufacturer into a comprehensive green hydrogen producer and distributor. The company is currently focused on infrastructure optimization and cost reduction to manage its ongoing losses and capital requirements.

AI Generated • May 21, 2026

Industry

Electrical Equipment

Sector

Industrials

Employees

2,582

CEO

Jose Luis Crespo, MBA

Website

www.plugpower.com

Headquarters

Slingerlands, NY 12110, US

PLUG Financials

Key Financial Metrics (TTM)

Gross Margin

-25.66%

Operating Margin

-82.65%

Net Income Margin

-227.13%

Return on Equity

-139.28%

Return on Capital

-34.40%

Return on Assets

-70.95%

Earnings Yield

-62.11%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$2.92BMarket 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

213.72K

Avg. Volume

66.99M

Financials (TTM)

Gross Profit

-$189.79M

Operating Income

-$611.44M

EBITDA

-$1.63B

Operating Cash Flow

-$580.31M

Capital Expenditure

-$85.89M

Free Cash Flow

-$666.20M

Cash & ST Invst.

$223.19M

Total Debt

$1.01B

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
Q22025-06-3030.1%
Q32025-09-301.8%
Q42025-12-3127.2%
Q12026-03-31-27.4%
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
Q22025-06-304.8%
Q32025-09-30-55.0%
Q42025-12-31-135.5%
Q12026-03-3175.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$163.51M

+22.3%

Gross Profit

-$21.61M

+70.7%

Gross Margin

-13.21%

N/A

Market Cap

$2.92BMarket 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

$1.24M

N/A

Employees

2,344

N/A

Net Income

-$245.30M

-24.7%

EBITDA

-$221.43M

-29.3%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$223.19M

-24.6%

Total Debt

$1.01B

+2.4%

Accounts Receivable

$211.61M

-10.5%

Inventory

$516.15M

-25.6%

Long Term Debt

$867.59M

+14.9%

Short Term Debt

$142.59M

-38.5%

Return on Assets

-70.95%

N/A

Return on Invested Capital

-33.46%

N/A

Free Cash Flow

-$158.16M

-8.3%

Operating Cash Flow

-$150.04M

-42.1%

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Questions About PLUG

What is the current price of Plug Power?

Plug Power is trading at $2.09 per share.

What is the 52-week range for Plug Power?

Over the past 52 weeks, Plug Power has traded between $1.39 and $4.58.

How much debt does Plug Power have?

As of the most recent reporting period, Plug Power reported total debt of $1.01B.

How much cash does Plug Power have on hand?

Plug Power reported $406.87M 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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