PLUGPlug Power exhibits strong thematic alignment with the growing hydrogen economy. However, negative profitability, significant cash burn, and ongoing technical challenges suggest a cautious approach. The company's ability to execute on its growth strategy and manage its finances will be critical for future performance.
Plug Power is a key player in the burgeoning hydrogen fuel cell market, benefiting from global decarbonization efforts and government incentives supporting green hydrogen adoption. The company's integrated solutions, from fuel cells to electrolyzers and liquid hydrogen, position it well to capture growth in various sectors.
Plug Power's financial health is a significant concern. The company is not yet profitable, exhibits substantial negative free cash flow, and relies heavily on external financing. While revenue is growing, it is not translating into positive earnings or cash flow, and the high debt levels require careful management.
The stock has experienced significant volatility and is currently trading below key long-term moving averages. While recent price action shows some upward momentum, it is not yet sustained enough to indicate a strong bullish trend. Momentum indicators are mixed, suggesting a period of consolidation or potential further downside before a clear trend emerges.
| Factor | Score |
|---|---|
| Hydrogen Economy Growth | 95 |
| Government Incentives & Policy Support | 90 |
| Technological Advancement & Innovation | 80 |
| Diversification of Applications | 85 |
| Competition & Market Penetration | 75 |
| Factor | Score |
|---|---|
| Valuation | 30 |
| Profitability | 5 |
| Growth | 20 |
| Balance Sheet Health | 40 |
| Cash Flow | 10 |
| Factor | Score |
|---|---|
| Trend Analysis | 30 |
| Momentum | 50 |
| Support & Resistance | 65 |
| Volume | 70 |
Positive Short-Term Performance
The stock has shown strong short-term performance with a 5-day return of 5.25% and a 1-month return of 48.86%.
Significant Price Increase
The current price has seen a significant increase of 9.22% in the last trading session.
Negative Earnings Per Share (EPS)
The company has consistently reported negative EPS, with the latest EPS TTM being -2.43, and negative estimates for upcoming quarters.
Negative Price-to-Earnings (P/E) Ratio
The P/E ratio is negative (-1.1 TTM, -1.2 for 2024), indicating the company is not currently profitable on a per-share basis.
August 2025
6
Next Earnings Date
H: $-0.11
A: $-0.16
L: $-0.22
H: 169.10M
A: 157.97M
L: 140.00M
Plug Power Inc. develops hydrogen fuel cells product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; and Progen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems. It also offers GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems; GenSure fuel cell systems; GenFuel hydrogen storage and dispensing products; ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power. In addition, the company also provides electrolyzers, a hydrogen generator for clean hydrogen production; liquefaction systems that provides liquid hydrogen to customers; cryogenic equipment for the distribution of liquified hydrogen, oxygen, argon, nitrogen, and other cryogenic gases, including trailers and mobile storage equipment; and liquid hydrogen, an alternative to fuel to fossil-based energy. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was incorporated in 1997 and is headquartered in Latham, New York.
1.90 USD
The 39 analysts offering 1 year price forecasts for PLUG have a max estimate of 5.00 and a min estimate of 0.55.