Plug Power (PLUG) Stock Price, News & Analysis

Company Overview

Plug Power Inc. is a U.S.-based company specializing in the design and manufacture of hydrogen fuel cell systems that serve as clean energy replacements for conventional batteries in electric vehicles and material handling equipment. Its core solutions include ProGen fuel cell engines, GenDrive power systems for forklifts and warehouse vehicles, and GenFuel hydrogen refueling infrastructure. These offerings are sold as standalone components or integrated turnkey solutions under the GenKey brand, providing customers with on-site refueling, equipment installation and maintenance services.

In addition to its fuel cell and refueling products, Plug Power develops backup power and off-grid energy solutions through its GenSure line, which targets telecommunications, data centers and utility applications. The company has expanded its technology portfolio to include electrolyzers and liquid hydrogen distribution, aiming to create end-to-end green hydrogen ecosystems. Through strategic partnerships with industrial, retail and logistics firms, Plug Power supplies clean energy systems to operations run by Amazon, Walmart, Home Depot and several global automakers exploring hydrogen mobility.

Founded in 1997 and headquartered in Latham, New York, Plug Power initially focused on stationary fuel cell research before pivoting to material handling applications in the mid-2000s. Under the leadership of CEO Andy Marsh since 2008, the company has grown its presence to serve customers across North America, Europe and Asia. Plug Power’s international footprint includes manufacturing sites, hydrogen production facilities and joint ventures designed to localize supply chains and support market adoption of hydrogen as a transportation and industrial fuel.

Plug Power’s executive team combines experience in energy, manufacturing and technology commercialization. CEO Andy Marsh, who has led the company through multiple funding rounds and strategic acquisitions, is backed by senior leaders in operations, engineering and finance. Going forward, Plug Power aims to scale its green hydrogen network, expand product offerings for new end markets and advance its mission of enabling a zero-emission economy through hydrogen innovation.

Key Stats

• Today's Range: $3.66 to $4.07
• 50-Day Range: $1.41 to $4.13
• 52-Week Range: $0.69 to $4.58
• Volume: 98.64 million shs
• Average Volume: 92.54 million shs
• Market Capitalization: $4.52 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.47
• Consensus Rating: Hold

Plug Power Stock Analysis - MarketRank™

Plug Power scored higher than 53% of companies evaluated by MarketBeat, and ranked 121st out of 185 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: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

Plug Power has received a consensus rating of Hold. The company's average rating score is 2.05, and is based on 5 buy ratings, 7 hold ratings, and 6 sell ratings.

Downside Risk

Plug Power has a consensus price target of $2.35, representing about 31.4% downside from its current price of $3.42.

Amount of Analyst Coverage

Plug Power has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 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 -1.48, 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 -1.48, 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 1.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

31.07% of the outstanding shares of Plug Power have been sold short.

Short Interest Ratio / Days to Cover

Plug Power has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in Plug Power has recently increased by 2.80%, indicating that investor sentiment is decreasing.

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

31.07% of the outstanding shares of Plug Power have been sold short.

Short Interest Ratio / Days to Cover

Plug Power has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in Plug Power has recently increased by 2.80%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.57

News Sentiment

Plug Power has a news sentiment score of 0.57. 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 lower news sentiment than the 0.67 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 55 news articles for Plug Power this week, compared to 19 articles on an average week.

Search Interest

368 people have searched for PLUG on MarketBeat in the last 30 days. This is an increase of 349% compared to the previous 30 days.

MarketBeat Follows

128 people have added Plug Power to their MarketBeat watchlist in the last 30 days. This is an increase of 482% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Plug Power insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $17,445.00 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 at the beginning of 2025. Since then, PLUG shares have increased by 60.6% and is now trading at $3.42.

How were Plug Power's earnings last quarter?

Plug Power, Inc. (NASDAQ:PLUG) issued its quarterly earnings data on Monday, August, 11th. The electronics maker reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.01. The electronics maker earned $173.97 million during the quarter, compared to analysts' expectations of $157.97 million. Plug Power had a negative net margin of 292.84% and a negative trailing twelve-month return on equity of 90.22%.
Read the conference call transcript.

Who are Plug Power's major shareholders?

Plug Power's top institutional shareholders include Voya Investment Management LLC (0.32%), Congress Park Capital LLC (0.01%), ACT Wealth Management LLC and Oak Thistle LLC. Insiders that own company stock include Paul B Middleton, George C Mcnamee, Benjamin Haycraft 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: 8/11/2025
• Today: 10/13/2025
• Next Earnings (Estimated): 11/11/2025
• 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: $2.47
• High Price Target: $7.00
• Low Price Target: $0.50
• Potential Upside/Downside: -37.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.05
• Research Coverage: 19 Analysts

Profitability

• EPS (Trailing Twelve Months): ($2.31)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$2.10 billion
• Net Margins: -292.84%
• Pretax Margin: -293.51%
• Return on Equity: -90.22%
• Return on Assets: -50.27%

Debt

• Debt-to-Equity Ratio: 0.22
• Current Ratio: 1.59
• Quick Ratio: 0.82

Sales & Book Value

• Annual Sales: $628.81 million
• Price / Sales: 7.22
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.98 per share
• Price / Book: 1.99

Miscellaneous

• Outstanding Shares: 1,154,840,000
• Free Float: 1,138,558,000
• Market Cap: $4.54 billion
• Optionable: Optionable
• Beta: 2.23