Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe.
Plug Power Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$34.17|
|52 Week High||US$13.69|
|52 Week Low||US$75.49|
|1 Month Change||26.70%|
|3 Month Change||22.78%|
|1 Year Change||131.11%|
|3 Year Change||1,757.07%|
|5 Year Change||2,133.33%|
|Change since IPO||-78.64%|
Recent News & Updates
Plug Power: Scrutinizing Most Recent Guidance Raise
Management uses the company's annual symposium for another substantial boost to the company's already highly ambitious financial targets. Discussing increased FY2022 sales guidance and newly introduced FY2025 targets for $3 billion in revenues, 30%+ gross margins and 17% operating income margin. Core material handling business to be a major drag on the company's expected future growth rates, very much in contrast to previous statements made by management. Aggressive capacity expansion by leading electrolyzer players likely to result in substantial oversupply and related margin pressure. External electrolyzer sales guidance for next year appears to be below previously communicated expectations. Expect analysts to remain supportive as the company's new long-term financial targets will boost DCF models thus allowing for substantial price target increases.
A Look Into the Ownership of Plug Power Inc. (NASDAQ:PLUG)
While it is evident that the world is heading toward replacing internal combustion, the war for its successor is raging on. One of the aspiring candidates is the hydrogen fuel cell system, developed by the companies such as Plug Power Inc. (NASDAQ: PLUG) After soaring as high as US$75 earlier this year, the stock retraced to US$20, showing the ugly side of emerging technology volatility. Yet, the latest optimism seems to be turning the tide.
Is Plug Power Stock A Buy Or Sell Before Infrastructure Bill Vote?
PLUG is active in a high-growth industry that benefits from massive ESG tailwinds. The company should benefit from the infrastructure bill but is not too dependent on that. There are considerable execution risks that investors should keep an eye on.
Is Plug Power Stock Overvalued Or Undervalued? We Think It's An Aggressive Buy
Plug Power's Green hydrogen technology has massive tailwinds as Europe and Asia move in earnest towards a carbon-neutral future. However, Plug Power has been struggling to turn a profit while also massively diluting existing shareholders in the process. We see the current share price as an opportunity only for investors with high conviction and at an aggressive buy level.
Where Will Plug Power Be In 10 Years?
Plug Power is active in an attractive industry with huge growth tailwinds. It serves low-risk customers and has a strong position in its industry. Shares are pricing in a lot of future growth, and investors should consider what actual per-share returns might look like before deploying money at current valuations.
Plug Power: More Rosy Projections Despite The Worst Quarter In Recent History
Plug Power reports record top-line results and raises gross billings projections but long-standing margin issues continued to escalate. Product gross margins were almost cut in half quarter-over-quarter while already challenged service and hydrogen fueling margins deteriorated to new all-time lows. While management attributed some of the underperformance to one-time events like force majeure and transition to a new hydrogen supplier, near-term margin improvement is likely to remain limited. Guidance for at least $150 million in electrolyzer sales next year implies a material growth deceleration for the core material handling business which is in contrast to management's statements on the call. With management hinting at a potential guidance raise on the upcoming symposium in October and analysts likely remaining constructive, I wouldn't be surprised to see the shares trading higher despite the ongoing, abysmal condition of the core business.
|PLUG||US Electrical||US Market|
Return vs Industry: PLUG exceeded the US Electrical industry which returned 50.3% over the past year.
Return vs Market: PLUG exceeded the US Market which returned 33.4% over the past year.
Stable Share Price: PLUG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: PLUG's weekly volatility (9%) has been stable over the past year.
About the Company
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a liquid hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing internet of things-based maintenance and service program for GenDrive and GenSure fuel cells, GenFuel hydrogen storage and dispensing products, and ProGen engines; and 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.
Plug Power Fundamentals Summary
|PLUG fundamental statistics|
Is PLUG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PLUG income statement (TTM)|
|Cost of Revenue||US$463.78m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-1.24|
|Net Profit Margin||12,819.76%|
How did PLUG perform over the long term?See historical performance and comparison
Is Plug Power undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate PLUG's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PLUG's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PLUG is unprofitable, so we can't compare its PE Ratio to the US Electrical industry average.
PE vs Market: PLUG is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PLUG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PLUG is overvalued based on its PB Ratio (4.1x) compared to the US Electrical industry average (3.4x).
How is Plug Power forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PLUG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: PLUG is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PLUG's is expected to become profitable in the next 3 years.
Revenue vs Market: PLUG's revenue (45.5% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: PLUG's revenue (45.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PLUG is forecast to be unprofitable in 3 years.
How has Plug Power performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PLUG is currently unprofitable.
Growing Profit Margin: PLUG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PLUG is unprofitable, and losses have increased over the past 5 years at a rate of 47.2% per year.
Accelerating Growth: Unable to compare PLUG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PLUG is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (54.8%).
Return on Equity
High ROE: PLUG has a negative Return on Equity (-14.69%), as it is currently unprofitable.
How is Plug Power's financial position?
Financial Position Analysis
Short Term Liabilities: PLUG's short term assets ($5.0B) exceed its short term liabilities ($251.1M).
Long Term Liabilities: PLUG's short term assets ($5.0B) exceed its long term liabilities ($706.9M).
Debt to Equity History and Analysis
Debt Level: PLUG's debt to equity ratio (10.9%) is considered satisfactory.
Reducing Debt: PLUG's debt to equity ratio has reduced from 38.1% to 10.9% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: PLUG has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: PLUG has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 24.8% each year
What is Plug Power current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PLUG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PLUG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PLUG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PLUG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PLUG's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andy Marsh (65 yo)
Mr. Andrew J. Marsh, also known as Andy, has been the Chief Executive Officer and President of Plug Power Inc. since April 8, 2008. Mr. Marsh Co-Founded Valere Power Inc. in 2001 and served as its Presiden...
CEO Compensation Analysis
Compensation vs Market: Andy's total compensation ($USD13.63M) is about average for companies of similar size in the US market ($USD11.15M).
Compensation vs Earnings: Andy's compensation has increased whilst the company is unprofitable.
Experienced Management: PLUG's management team is considered experienced (4.6 years average tenure).
Experienced Board: PLUG's board of directors are considered experienced (8.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 48.9%.
Plug Power Inc.'s employee growth, exchange listings and data sources
- Name: Plug Power Inc.
- Ticker: PLUG
- Exchange: NasdaqCM
- Founded: 1997
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: US$19.626b
- Shares outstanding: 574.36m
- Website: https://www.plugpower.com
Number of Employees
- Plug Power Inc.
- 968 Albany Shaker Road
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 22:34|
|End of Day Share Price||2021/10/26 00:00|
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 here.