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NASDAQ · Electrical Equipment & Parts · USD

Plug Power Inc. (PLUG) Stock Analysis

Plug Power Inc. (PLUG) is a Electrical Equipment & Parts stock listed on NASDAQ and quoted in US Dollar.

PLUG

$2.17

+$0.06 (+2.84%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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PLUG Key Statistics

As of Sep 4, 2026
Trading
Open
$2.11
Previous Close
$2.11
Day's Range
2.09–2.20
52-Week Range
1.41–4.58
Volume
45.25M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
2.22
Valuation
Market Cap
$3.03B
P/E Ratio
unprofitable
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.84
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
4.07
EPS (ttm)Profit attributable to each share over the last twelve months.
−1.36
Financials (FY)
Revenue (FY)
$709.92M+12.90%
Net Income (FY)
−$1.63B
Profit marginThe share of revenue left as profit after all costs and taxes.
−220.59%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
1.40B
1-Year Return
+50.69%
Dividend and dates
Earnings Date
November 9, 2026
Avg Volume
55.07M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

PLUG Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+10.15%
2025−7.51%
2024−52.67%
2023−63.62%
2022−56.18%
2021−16.75%
2020+973.10%
2019+154.84%
2018−47.46%
2017+96.67%
2016 (partial year)−31.03%

As of September 4, 2026.

PLUG Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$709.92M−$1.63B−229.8%
2024$628.81M−$2.10B−334.7%
2023$891.34M−$1.37B−153.6%
2022$701.44M−$724.01M−103.2%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$709.92M−$242.04M−$679.57M−$1.63B−229.8%
2024$628.81M−$624.89M−$1.08B−$2.10B−334.7%
2023$891.34M−$507.79M−$1.04B−$1.37B−153.6%
2022$701.44M−$194.36M−$657.86M−$724.01M−103.2%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

PLUG Valuation vs Electrical Equipment & Parts Median

Median of 55 stocks
MetricPLUGElectrical Equipment & Parts medianvs median
P/S ratio4.071.93111% above
Profit margin−220.59%0.00%220.6 pts below

Medians across 55 Electrical Equipment & Parts stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Plug Power Inc. (PLUG) at $3.03B. The company sits in the Industrials sector, in the Electrical Equipment & Parts industry. Headcount on file is 2,344.

PLUG last closed at $2.17 on September 4, 2026. That is +$0.06 (+2.84%) against the previous close. The 52-week range on file runs from $1.41 to $4.58. The latest close sits 53.9% above that 52-week low.

Financial Health

In fiscal 2025, Plug Power Inc. reported revenue of $709.92M. That is +12.90% against the prior fiscal year, when revenue was $628.81M. The same year closed with a net loss of $1.63B. The reported profit margin is −220.59%. That is 220.6 percentage points below the Electrical Equipment & Parts median of 0%. Trailing earnings per share are −1.36.

Across the 4 fiscal years on file, revenue moves from $701.44M in 2022 to $709.92M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.84. Measured against sales, the shares trade at 4.07 times revenue. On price-to-sales that is 111.26% above the Electrical Equipment & Parts median of 1.93. The medians here are taken across 55 Electrical Equipment & Parts companies that report the metric.

The trailing one-year price return is +50.69%. Measured over 10 years, that is +3.69% a year compounded. The reported beta is 2.22. Annualized volatility over the trailing 10 years is 89.76%.

Growth & Income

The record shows no dividend for PLUG.

Across the complete calendar years on file, 2020 returned +973.10% and 2023 returned −63.62%. Of the 9 complete calendar years on file, 3 finished higher. 2026 is still running; the price is +10.15% year to date.

Peer Comparison

Plug Power Inc. (PLUG) operates in the Electrical Equipment & Parts industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Plug Power Inc. PLUG $3.03B —
Vertiv Holdings Co VRT $108.00B 61.0
Bloom Energy Corporation BE $74.48B 304.7
nVent Electric plc NVT $25.25B 43.3

The Electrical Equipment & Parts industry average P/E ratio is 39.0x. Plug Power Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Plug Power Inc.

Plug Power Inc. designs, develops, and sells hydrogen products and solutions in Europe, Australia, North America, and internationally. The company offers GenDrive, a hydrogen fueled PEM fuel cell system, which powers material handling EVs, including Class 1, 2, 3 and 6 electric forklifts, automated guided vehicles, and ground support equipment; GenFuel, a liquid hydrogen fueling, delivery, generation, storage, and dispensing system; and GenCare, an Internet of Things based maintenance and on-site service program. It also provides GenKey, a turn-key solution; GenEco electrolyzers for clean hydrogen production; liquefaction systems; cryogenic equipment, such as trailers and mobile storage equipment for the distribution of liquified hydrogen, oxygen, argon, nitrogen, and other cryogenic gases; GenSure, a stationary fuel cell solution; and liquid hydrogen. The company serves customers in material handling operations, fuel cell electric vehicle fleets, and stationary power applications through its direct sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was incorporated in 1997 and is based in Slingerlands, New York.

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