Plug Power (PLUG) Stock Overview

Designs, develops, and sells hydrogen products and solutions in Europe, Australia, North America, and internationally. More details

PLUG fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	1/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Revenue is forecast to grow 17.82% per year

Risk Analysis

Highly volatile share price over the past 3 months compared to the Swiss market

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

Has less than 1 year of cash runway

PLUG Community Fair Values

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Plug Power Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Plug Power
Historical stock prices
Current Share Price	US$1.82
52 Week High	US$1.62
52 Week Low	US$1.46
Beta	2.01
1 Month Change	10.98%
3 Month Change	15.19%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-60.18%

Recent updates

Shareholder Returns

	PLUG	CH Electrical	CH Market
7D	23.8%	-6.0%	-3.9%
1Y	n/a	38.3%	2.4%

Return vs Industry: Insufficient data to determine how PLUG performed against the Swiss Electrical industry.

Return vs Market: Insufficient data to determine how PLUG performed against the Swiss Market.

Price Volatility

Is PLUG's price volatile compared to industry and market?
PLUG volatility
PLUG Average Weekly Movement	11.6%
Electrical Industry Average Movement	4.0%
Market Average Movement	4.1%
10% most volatile stocks in CH Market	7.4%
10% least volatile stocks in CH Market	2.2%

Stable Share Price: PLUG's share price has been volatile over the past 3 months compared to the Swiss market.

Volatility Over Time: Insufficient data to determine PLUG's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1997	2,582	Jose Crespo	www.plugpower.com

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.

Plug Power Inc. Fundamentals Summary

How do Plug Power's earnings and revenue compare to its market cap?
PLUG fundamental statistics
Market cap	CHF 2.70b
Earnings (TTM)	-CHF 1.27b
Revenue (TTM)	CHF 554.51m

4.5x

P/S Ratio

-2.0x

P/E Ratio

Is PLUG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PLUG income statement (TTM)
Revenue	US$709.92m
Cost of Revenue	US$976.57m
Gross Profit	-US$266.65m
Other Expenses	US$1.36b
Earnings	-US$1.63b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-1.17
Gross Margin	-37.56%
Net Profit Margin	-229.83%
Debt/Equity Ratio	63.3%

How did PLUG perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/03/05 09:32
End of Day Share Price	2026/03/05 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Plug Power Inc. is covered by 37 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Moses Sutton	Barclays
Moses Sutton	Barclays
NEIL BEVERIDGE	Bernstein

Plug Power Inc.SWX:PLUG Stock Report