PLUG POWER INC (PLUG)

2.17USD +2.84% (+0.06)

Over 6M: -0.5%

Style
Area Line Line with markers Steps Candles Hollow candles Bars

Candles and bars need the day’s open, high and low, and need room to be drawn in: past about a year of trading a body is thinner than a hairline, so those three offer the longest window that fits instead.

2 3 4
Mar Apr May Jun Jul Aug Sep

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '21 — Gross Profit: -31.1M Q3 '21 — Operating Cash Flow: -101.9M Q3 '21 — Net Income: -106.7M Q4 '21 — Gross Profit: -87.8M Q4 '21 — Operating Cash Flow: -9.7M Q4 '21 — Net Income: -192.9M Q1 '22 — Gross Profit: -35.3M Q1 '22 — Operating Cash Flow: -209.9M Q1 '22 — Net Income: -156.5M Q2 '22 — Gross Profit: -32.5M Q2 '22 — Operating Cash Flow: -195.2M Q2 '22 — Net Income: -173.3M Q3 '22 — Gross Profit: -46.1M Q3 '22 — Operating Cash Flow: -116.9M Q3 '22 — Net Income: -170.8M Q4 '22 — Gross Profit: -80.5M Q4 '22 — Operating Cash Flow: -306.6M Q4 '22 — Net Income: -223.5M Q1 '23 — Gross Profit: -69.4M Q1 '23 — Operating Cash Flow: -276.9M Q1 '23 — Net Income: -206.6M Q2 '23 — Gross Profit: -78.1M Q2 '23 — Operating Cash Flow: -348.1M Q2 '23 — Net Income: -236.4M Q3 '23 — Gross Profit: -138M Q3 '23 — Operating Cash Flow: -238.9M Q3 '23 — Net Income: -283.5M Q4 '23 — Gross Profit: -222.3M Q4 '23 — Operating Cash Flow: -242.7M Q4 '23 — Net Income: -642.4M Q1 '24 — Gross Profit: -159.1M Q1 '24 — Operating Cash Flow: -167.7M Q1 '24 — Net Income: -295.8M Q2 '24 — Gross Profit: -131.3M Q2 '24 — Operating Cash Flow: -254.7M Q2 '24 — Net Income: -262.3M Q3 '24 — Gross Profit: -100M Q3 '24 — Operating Cash Flow: -174.9M Q3 '24 — Net Income: -211.2M Q4 '24 — Gross Profit: -234.5M Q4 '24 — Operating Cash Flow: -131.2M Q4 '24 — Net Income: -1.3B Q1 '25 — Gross Profit: -73.9M Q1 '25 — Operating Cash Flow: -105.6M Q1 '25 — Net Income: -196.7M Q2 '25 — Gross Profit: -53.5M Q2 '25 — Operating Cash Flow: -191.8M Q2 '25 — Net Income: -227.1M Q3 '25 — Gross Profit: -120.2M Q3 '25 — Operating Cash Flow: -89.8M Q3 '25 — Net Income: -361.9M Q4 '25 — Gross Profit: 5.5M Q4 '25 — Operating Cash Flow: -148.6M Q4 '25 — Net Income: -846M Q1 '26 — Gross Profit: -21.6M Q1 '26 — Operating Cash Flow: -150M Q1 '26 — Net Income: -245.3M Q2 '26 — Gross Profit: -1.7M Q2 '26 — Operating Cash Flow: -94.1M Q2 '26 — Net Income: -188.2M -1.2B -900M -600M -300M 0 300M
Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26
Gross Profit Operating Cash Flow Net Income

How it scores

For a valuation multiple, the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

1.9
OE margin -77.5%
Oper. margin -172.8%
ROIC -1626.2%
Accruals -52.9%
EBITDA margin -169.3%
FCF margin -70.3%
Gross margin -18.5%
OCF margin -64.9%
Profit margin -220.6%
ROA -74.9%
ROCE -75.7%
ROE -282.1%
OCF / EBIT —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

5.5
EV/Sales 3.4×
EV/OE -4.4×
P/C 5.5×
P/B 5.2×
FCF yield -17.3%
Div. yield —
EV/EBIT —
EV/GP —
Fwd P/E —
P/E —
PEG —

2 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

2.6
RPO / sales 0.9×
RPO growth -14.5%
Segment HHI —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

6.3
ND/EBITDA 0.21
Interest cover -17.9×
Cash / Debt 17.6×
Debt / Eq 0.054×
Debt payback 0.0 yr
Quick ratio 1.3×
Cash runway 0.99 yr
F-score 4.5 pts
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

3.0
Sales/sh Y/Y -24.3%
Sales Q/Q +2.5%
Shares change +46.1%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.