Plug Power バランスシートの健全性
財務の健全性 基準チェック /26
Plug Powerの総株主資本は$773.9M 、総負債は$746.9Mで、負債比率は96.5%となります。総資産と総負債はそれぞれ$2.4Bと$1.6Bです。
主要情報
96.51%
負債資本比率
US$746.87m
負債
| インタレスト・カバレッジ・レシオ | n/a |
| 現金 | US$233.39m |
| エクイティ | US$773.89m |
| 負債合計 | US$1.59b |
| 総資産 | US$2.37b |
財務の健全性に関する最新情報
更新なし
Recent updates
ナラティブの更新 • May 19
PLUG: Future Returns Will Depend On Hydrogen Pivot Execution To 2026 EBITDA
Analysts have lifted Plug Power's aggregate price target by about $1 to roughly reflect a series of Street increases into the $2 to $3.75 range, citing updated models after recent results, ongoing cost reduction efforts under Project Quantum Leap, and company targets for reaching positive EBITDA in 2026. Analyst Commentary Recent research highlights a mix of caution and guarded optimism around Plug Power.
新しいナラティブ • May 17
PLUG: Sustaining the Liquid Green Hydrogen Pivot via Positive Gross Margins and the High-Return Strategic Infrastructure Realignment
Plug Power Inc. (PLUG), the foundational architect of the modern hydrogen economy, is navigating a high-stakes operational rebirth in 2026.
ナラティブの更新 • May 03
PLUG: Hydrogen Power Auction And 2026 EBITDA Goal Will Test Refocused Model
Analysts have nudged Plug Power's fair value estimate higher, with the implied price target rising by about $0.09 as updates to discount rate, revenue growth, profit margin assumptions and future P/E expectations reflect a mix of cautious optimism following recent target changes from firms that adjusted views after a mixed quarter, an evolving hydrogen focus and ongoing questions around the path to positive EBITDA in 2026. Analyst Commentary Recent price target changes around Plug Power highlight a split between analysts who see improving execution and those who remain cautious about profitability and capital needs.
ナラティブの更新 • Apr 19
PLUG: Hydrogen Power Auctions And 2026 EBITDA Goal Will Shape Upside
Narrative Update: Plug Power Analyst Price Target Shift The blended analyst price target for Plug Power edges higher, reflecting incremental upward revisions such as Susquehanna's $0.25 increase and Wells Fargo's move to $2, partially offset by reductions from Jefferies to $1.80 and BMO Capital to $1, as analysts weigh mixed quarterly results, a return to positive gross margin, 2026 guidance, and ongoing execution risks. Analyst Commentary Analysts are split on Plug Power, but the recent research shows a clear group of bullish analysts who view recent execution updates and the 2026 roadmap as reasons to rethink downside risk and potential upside.ナラティブの更新 • Apr 05
PLUG: Hydrogen Power Auctions And EBITDA Goal Will Drive Future Rebound
Plug Power's updated analyst price target edges higher to $5.91 from $5.82 as analysts balance mixed recent calls, with some trimming targets toward $1 to $2 and flagging execution and demand risks, while others point to improving gross margins and the company reiterating its goal of positive EBITDA in 2026. This results in a slightly lower discount rate, modestly softer revenue growth and profit margin assumptions, and a higher implied future P/E multiple.Seeking Alpha • Mar 28
Plug Power: Some Progress But Major Headwinds Remain - Sell
Summary Plug Power reported better-than-expected fourth-quarter results. While the quarter benefited from a number of one-time gains, the company has made tangible progress on the margin front as of late. However, cash burn remains elevated, and management's stated growth expectations are not supported by current backlog levels. Absent major build-to-order business, 2026 revenues are not likely to be anywhere close to the $800 million number envisioned by management. With electrolyzer backlog at multi-year lows, management's stated expectation for the business to be a major growth driver this year makes little sense. With the company's guidance looking overly ambitious again, I am reiterating my "Sell" rating on Plug Power's shares. Read the full article on Seeking Alphaナラティブの更新 • Mar 22
PLUG: Hydrogen Power Auction And 2026 EBITDA Turnaround Aims To Rebuild Confidence
Plug Power's analyst fair value estimate edges from $2.75 to about $2.74, as analysts recalibrate price targets between $1 and $2 on mixed execution, slower anticipated revenue growth, and a "show me" stance on the path to positive EBITDA by 2026. Analyst Commentary Bullish Takeaways Bullish analysts highlight Plug Power's reiterated goal to reach positive EBITDA in 2026 as a key pillar supporting fair value, even if they view it as needing further proof.ナラティブの更新 • Mar 08
PLUG: Future Returns Will Hinge On Hydrogen Pivot Execution Risks
Analysts have adjusted their views on Plug Power, with some lifting price targets to $2 and others trimming them to $1, largely citing mixed recent results, a shift toward more focused hydrogen applications, and execution questions around demand and electrolyzer ramp timing. Analyst Commentary Street research around Plug Power has turned more cautious, even as some targets have moved slightly higher.ナラティブの更新 • Feb 21
PLUG: Execution Turnaround In Core Hydrogen Markets Will Rebuild Confidence
Analysts have modestly lowered their fair value estimate for Plug Power, with the price target moving from about $2.79 to $2.75. This change reflects a higher discount rate and caution around demand challenges that have also led to a Street target cut from $4 to $2.ナラティブの更新 • Feb 07
PLUG: Future Returns Will Hinge On Slower Material Handling Demand
Narrative update Analysts have trimmed their price target on Plug Power to $2 from $4, reflecting a more cautious view on execution as they watch how the company manages demand challenges in material handling and a slower than previously expected electrolyzer ramp. Analyst Commentary Bearish analysts are stepping back and treating Plug Power more as a show-me story, cutting their price target to US$2 from US$4 and shifting to a Hold stance.ナラティブの更新 • Jan 24
PLUG: Electrolyzer Execution Will Drive Future Rebound From Recent Downgrade
Analysts have reduced their price expectations for Plug Power to US$2 from US$4, citing demand challenges in material handling and electrolyzers, as well as a view that the electrolyzer ramp may take longer to materialize. This has contributed to a more cautious set of valuation inputs in recent models.ナラティブの更新 • Jan 10
PLUG: Future Returns Will Depend On Slower Material Handling And Electrolyzer Demand
Analysts have lifted their Plug Power fair value estimate from US$0.55 to US$0.75 per share, reflecting updated assumptions around the discount rate, revenue growth, profit margins and future P/E following recent research that highlights execution risks in material handling and electrolyzer demand. Analyst Commentary Recent Street research reflects a more cautious tone around Plug Power, with bearish analysts stepping back to reassess the balance between growth ambitions and execution risks.ナラティブの更新 • Dec 21
PLUG: Falling Rates Will Support A Healthier Clean Tech Cycle Ahead
Analysts have raised their price target on Plug Power from $2.50 to $4.40 per share. This reflects increased confidence that a new, healthier cycle for U.S. clean tech, driven by easing interest rates, more sustainable growth expectations, and stable policy support, can support modestly better long term growth, margins, and valuation multiples.ナラティブの更新 • Dec 07
PLUG: Falling Rates Will Support A Healthier Clean Tech Upcycle
Analysts have raised their price target on Plug Power, roughly adding $1.90 per share. They cited expectations that a newly emerging, healthier cycle for U.S. clean tech, supported by falling interest rates and more realistic policy and growth assumptions, could improve the company’s long term prospects.ナラティブの更新 • Nov 23
PLUG: Falling Interest Rates Will Spur A Healthier Clean Tech Upcycle
Narrative Update on Plug Power Analysts have raised their price target for Plug Power by nearly $2, citing optimism for a new cycle in the clean tech sector. This optimism is driven by improving market conditions and more sustainable growth assumptions.ナラティブの更新 • Nov 05
PLUG: A Healthier Clean Tech Cycle Will Shape Sector Prospects Amid Policy Shifts
The analyst price target for Plug Power was recently raised from $2.50 to $4.40 per share. Analysts cite optimism for a new, healthier cycle in the U.S. clean tech sector, supported by favorable policy shifts and improved market conditions.分析記事 • Nov 04
Plug Power Inc.'s (NASDAQ:PLUG) Share Price Is Still Matching Investor Opinion Despite 28% Slump
The Plug Power Inc. ( NASDAQ:PLUG ) share price has softened a substantial 28% over the previous 30 days, handing back...ナラティブの更新 • Oct 22
Analyst Optimism Drives Higher Price Target and Valuation for Plug Power Amid Leadership Transition
Plug Power's analyst price target has increased significantly from $2.50 to $4.40 per share. This change reflects analysts' optimism about improved sector conditions and a more favorable investment climate.ナラティブの更新 • Oct 08
Government Policies And Funding Will Spur Hydrogen Adoption
Plug Power's analyst price target has increased from $0.90 to $1.60, as analysts cite improved clarity following recent policy developments. There is also an expected uptick in management commentary regarding backlog and safe harboring for the clean energy group.ナラティブの更新 • Sep 23
Government Policies And Funding Will Spur Hydrogen Adoption
Plug Power’s consensus price target has been revised upward to $2.08, as analysts cite reduced policy uncertainty from recent legislative clarity and favorable Section 48E tax credit details, outweighing ongoing sector caution. Analyst Commentary Resolution of the "One Big Beautiful Bill Act" and finality on the President's Executive Order seen as a near-term clearing event, reducing uncertainty for clean energy stocks.分析記事 • Sep 18
Market Participants Recognise Plug Power Inc.'s (NASDAQ:PLUG) Revenues Pushing Shares 27% Higher
Despite an already strong run, Plug Power Inc. ( NASDAQ:PLUG ) shares have been powering on, with a gain of 27% in the...
新しいナラティブ • Mar 22
Project Quantum Leap Will Streamline Costs And Improve Net Margins
Streamlining costs and refining product focus through Project Quantum Leap can enhance net margins and improve facility utilization.Seeking Alpha • Mar 14
Plug Power: Restructuring While Waiting For The DOE Funding
Summary Plug Power's business case was once full of promises but disappointed, inducing heavy losses for investors. Facing a liquidity crisis, the firm issued close to $900m equity last fiscal year, further diluting existing shareholders. Additional capital raise could come. The management has decided to implement a new round of restructuring, aiming to reduce COGS and OPEX by up to $200m. It has also decided to end some business lines. Financial risk remains elevated. The business case validation depends on obtaining liquidity from the DOE loan, which can still happen this fiscal year. While seeing some upside potential, I initiate PLUG stock with a Hold. Read the full article on Seeking AlphaSeeking Alpha • Dec 15
Plug Power: Electrolyzer Deployments And Increased Institutional Confidence, Amid Financial Challenges Loom
Summary I am now neutral on Plug Power, upgrading it to Hold due to progressive electrolyzer agreements and potential future returns despite recent volatility. Key developments include strong electrolyzer installations, strategic investments, and partnerships aimed at boosting hydrogen production and reducing carbon emissions. Norges Bank's increased stake signals confidence, but financial strain and uncertainties around the Inflation Reduction Act pose significant risks. Q3’24 financials show slight improvements with reduced cash burn and increased revenues, but the company remains in a distress zone with a negative Altman Z-score. Read the full article on Seeking AlphaSeeking Alpha • Nov 05
Plug Power: Potential Asymmetric Upside
Summary Steep revenue drop in H1 2024 and high cash burn from operations fuel the current pessimism around this stock. The stock trades near historic lows with a high short interest of 27.8%. New partnerships and a shift to leasing could stabilize cash flow and improve revenue in the second half of 2024. However, I don't expect a major improvement in profitability. Institutional interest is rising, and new contracts and partnerships, particularly in green hydrogen, look quite promising. Despite dire Q1 and Q2 results, my strong buy rating revolves around a potential shift in investor sentiment. A catalyst could be the approval of the $1.66 billion DOE loan. Read the full article on Seeking AlphaSeeking Alpha • Aug 26
Plug Power: Poor Results But Upgrading On Margin Progress - Hold
Summary Plug Power reported another set of disappointing quarterly results, with revenues missing consensus expectations by a mile again. Sales were down by 45% on a year-over-year basis, with the company's core fuel cell systems and hydrogen infrastructure business taking a particularly large hit. Plug Power used more than $400 million in cash for the quarter, thus resulting in the requirement to dilute common shareholders even further. That said, not everything was bad, as the company made progress on the margin front. Particularly, the substantial improvement in Plug Power's hydrogen fueling segment was encouraging. While I fully expect Plug Power to miss full-year projections by a mile again, I am upgrading the company's shares from "Sell" to "Hold" based on the quarter's improved margin trends. Read the full article on Seeking AlphaSeeking Alpha • Aug 15
Plug Power's Strategy Looks Poised To Bear Fruit
Summary Plug Power's strategy of profiting from the strong demand for green hydrogen is likely to succeed in the long term. The firm should eventually generate positive gross margins from its fuel sales while also benefiting from the rapidly rising sales of its electrolyzers which are used to manufacture green hydrogen. Plug is building new green hydrogen plants which will allow it to meet the rising demand for the fuel. Read the full article on Seeking AlphaSeeking Alpha • Jul 19
Plug Power: Stock Offering Ahead Of Q2 Results Is A Huge Red Flag - Sell
Summary Shares of struggling fuel cell systems, electrolyzer solutions, and green hydrogen provider Plug Power have shown signs of life in recent weeks. However, Thursday's proposed $200 million common stock offering right ahead of the company's Q2 report in early August is a major red flag. Based on numbers provided in the prospectus, even under a best-case scenario, the company's Q2 cash burn appears to have been close to $300 million, higher than in Q1. At the current rate of cash usage, Plug Power would be required to raise additional funds toward the end of the quarter at the latest point. Given the apparent lack of operational progress at the company, elevated cash burn, and the high likelihood of another abysmal quarterly report in early August, I am downgrading the company's shares from "Hold" to "Sell". Read the full article on Seeking AlphaSeeking Alpha • Jul 01
Plug Power: Broken Growth Story Needs More Than Just Hope
Summary Plug Power Inc. investors saw their substantial gains in May nearly dissipate fully in June. The optimism over the DOE's loan guarantee shouldn't be expected to mask Plug Power's fundamentally weak business. The threat of a potential return of the Trump Administration could intensify uncertainties over PLUG's long-term future. PLUG has consolidated above the $2.25 level since January 2024. Hence, short-covering might follow. I argue why investors shouldn't allow the allure of PLUG's green hydrogen story to distract them from its weak thesis. Read on. Read the full article on Seeking Alpha財務状況分析
短期負債: PLUGの 短期資産 ( $1.3B ) が 短期負債 ( $540.7M ) を超えています。
長期負債: PLUGの短期資産 ( $1.3B ) が 長期負債 ( $1.1B ) を上回っています。
デット・ツー・エクイティの歴史と分析
負債レベル: PLUGの 純負債対資本比率 ( 66.4% ) は 高い と見なされます。
負債の削減: PLUGの負債対資本比率は、過去 5 年間で10.5%から96.5%に増加しました。
貸借対照表
キャッシュ・ランウェイ分析
過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。
安定したキャッシュランウェイ: PLUGは、現在の フリーキャッシュフロー に基づくと、キャッシュランウェイ が 1 年未満です。
キャッシュランウェイの予測: PLUGは、フリーキャッシュフローが毎年17.9 % の歴史的率で減少し続ける場合、キャッシュランウェイが 1 年未満になります。
健全な企業の発掘
企業分析と財務データの現状
| データ | 最終更新日（UTC時間） |
|---|---|
| 企業分析 | 2026/05/26 08:18 |
| 終値 | 2026/05/26 00:00 |
| 収益 | 2026/03/31 |
| 年間収益 | 2025/12/31 |
データソース
企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。
| パッケージ | データ | タイムフレーム | 米国ソース例 |
|---|---|---|---|
| 会社財務 | 10年 |
| |
| アナリストのコンセンサス予想 | +プラス3年 |
|
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| 市場価格 | 30年 |
| |
| 所有権 | 10年 |
| |
| マネジメント | 10年 |
| |
| 主な進展 | 10年 |
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* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。
特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。
分析モデルとスノーフレーク
本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。
シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。
業界およびセクターの指標
私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。
アナリスト筋
Plug Power Inc. 19 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。38
| アナリスト | 機関 |
|---|---|
| Moses Sutton | Barclays |
| Moses Sutton | Barclays |
| NEIL BEVERIDGE | Bernstein |