Plug Power (PLUG) Stock Price, News & Analysis

Company Overview

Plug Power Inc. is a leading provider of turnkey hydrogen solutions designed to accelerate the transition to clean energy. Founded in 1997 and headquartered in Latham, New York, the company develops, manufactures and assembles proton exchange membrane (PEM) fuel cell systems that replace conventional batteries in electric vehicles and material handling equipment. Over the years, Plug Power has expanded its offerings to include green hydrogen production, distribution infrastructure and comprehensive maintenance services, positioning itself as a one-stop provider for hydrogen and fuel cell needs.

The company’s core product lines include the GenDrive fuel cell system for forklifts and automated guided vehicles, the GenFuel hydrogen refueling units, and the GenSure backup power solutions for critical infrastructure. To support these deployments, Plug Power offers GenCare service programs that cover training, installation, remote monitoring and routine maintenance. In recent years, Plug Power has invested heavily in electrolyzer technology—through internal development and strategic acquisitions—to produce green hydrogen from renewable electricity, thereby addressing the entire hydrogen value chain from generation to end use.

Plug Power’s operations span North America, Europe and Asia, with manufacturing plants and fuel cell assembly facilities in New York, Tennessee, Washington and Ontario, as well as a European development center in Germany. The company has forged partnerships with prominent industrial and retail customers, including Amazon, Walmart and Carrefour, to implement hydrogen-powered fleets and onsite fueling stations. Through joint ventures and collaborations, Plug Power is also building a network of liquid hydrogen production plants and pump stations aimed at serving the heavy-duty transportation sector.

At the helm of Plug Power is President and Chief Executive Officer Andrew Marsh, who joined the company in 2008 and has overseen its transformation into a vertically integrated hydrogen player. Under his leadership, Plug Power has executed multiple capital projects and scaled its engineering capabilities to support ambitious growth targets. With a focus on innovation, safety and sustainability, the company continues to expand its product portfolio and global footprint in pursuit of a zero-emissions energy ecosystem.

Key Stats

• Today's Range: $1.59 to $1.69
• 50-Day Range: $0.70 to $1.78
• 52-Week Range: $0.69 to $3.34
• Volume: 56.52 million shs
• Average Volume: 71.41 million shs
• Market Capitalization: $1.86 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $1.83
• Consensus Rating: Hold

Plug Power Stock Analysis - MarketRank™

Plug Power scored higher than 84% of companies evaluated by MarketBeat, and ranked 42nd out of 179 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Plug Power has received a consensus rating of Hold. The company's average rating score is 2.06, and is based on 5 buy ratings, 8 hold ratings, and 4 sell ratings.

Amount of Analyst Coverage

Plug Power has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Plug Power are expected to grow in the coming year, from ($1.21) to ($0.59) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Plug Power is -0.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Plug Power is -0.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Plug Power has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

25.91% of the float of Plug Power has been sold short.

Short Interest Ratio / Days to Cover

Plug Power has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Plug Power has recently increased by 23.01%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Plug Power does not currently pay a dividend.

Dividend Growth

Plug Power does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.6 / 5
• Environmental Score: -0.13

Percentage of Shares Shorted

25.91% of the float of Plug Power has been sold short.

Short Interest Ratio / Days to Cover

Plug Power has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Plug Power has recently increased by 23.01%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.89

News Sentiment

Plug Power has a news sentiment score of 0.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 27 news articles for Plug Power this week, compared to 16 articles on an average week.

Search Interest

113 people have searched for PLUG on MarketBeat in the last 30 days. This is an increase of 26% compared to the previous 30 days.

MarketBeat Follows

Only 53 people have added Plug Power to their MarketBeat watchlist in the last 30 days. This is a decrease of -5% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Plug Power insiders have bought more of their company's stock than they have sold. Specifically, they have bought $921,500.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.41% of the stock of Plug Power is held by insiders.

Percentage Held by Institutions

43.48% of the stock of Plug Power is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PLUG Stock Analysis - Frequently Asked Questions

How have PLUG shares performed this year?

Plug Power's stock was trading at $2.13 on January 1st, 2025. Since then, PLUG shares have decreased by 23.9% and is now trading at $1.62.

How were Plug Power's earnings last quarter?

Plug Power, Inc. (NASDAQ:PLUG) released its quarterly earnings data on Monday, May, 12th. The electronics maker reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by $0.01. The electronics maker had revenue of $133.67 million for the quarter, compared to analysts' expectations of $130.92 million. Plug Power had a negative trailing twelve-month return on equity of 82.21% and a negative net margin of 312.29%.
Read the conference call transcript.

Who are Plug Power's major shareholders?

Top institutional shareholders of Plug Power include Baader Bank Aktiengesellschaft (0.06%), Sovran Advisors LLC (0.01%), Congress Park Capital LLC (0.01%) and Mandatum Life Insurance Co Ltd. Insiders that own company stock include Paul B Middleton, George C Mcnamee and Jose Luis Crespo.
View institutional ownership trends.

How do I buy shares of Plug Power?

Shares of PLUG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Plug Power own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Plug Power investors own include NVIDIA (NVDA), Tesla (TSLA), Meta Platforms (META), Advanced Micro Devices (AMD), FuelCell Energy (FCEL), Marinus Pharmaceuticals (MRNS) and NIO (NIO).

Company Calendar

• Last Earnings: 5/12/2025
• Today: 7/11/2025
• Next Earnings (Estimated): 8/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrials
• Industry: MACH - ELECTRICAL
• Sub-Industry: Electrical Equipment
• Current Symbol: NASDAQ:PLUG
• CIK: 1093691
• Web: www.plugpower.com
• Phone: (518) 782-7700
• Fax: 518-782-9060
• Employees: 3,224
• Year Founded: 1997

Price Target and Rating

• Average Price Target for Plug Power: $1.83
• High Price Target: $4.00
• Low Price Target: $0.50
• Potential Upside/Downside: +13.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.06
• Research Coverage: 17 Analysts

Profitability

• EPS (Trailing Twelve Months): ($2.47)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$2.10 billion
• Net Margins: -312.29%
• Pretax Margin: -312.79%
• Return on Equity: -82.21%
• Return on Assets: -47.92%

Debt

• Debt-to-Equity Ratio: 0.27
• Current Ratio: 1.95
• Quick Ratio: 1.07

Sales & Book Value

• Annual Sales: $628.81 million
• Price / Sales: 2.94
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.98 per share
• Price / Book: 0.82

Miscellaneous

• Outstanding Shares: 1,146,560,000
• Free Float: 1,130,393,000
• Market Cap: $1.85 billion
• Optionable: Optionable
• Beta: 2.29