profit from every $100 of sales.
$0$100
Plug Power
$1.11-10.12% today
-55.4% in 1 year
1-year low $1.111-year high $4.14
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Plug Power sold, what it kept, and what it did with the cash.
Sales went from $701 million in 2022 to $710 million in 2025, with -$1.63 billion of profit last year.
SalesProfit
Plug Power vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Plug Power | No profit yet | ||
 Contemporary Amperex Technology | 20.2× · Fair price | ||
 ABB | 32.0× · Expensive | ||
 Vertiv | 58.4× · Expensive | ||
 Delta Electronics (Thailand) Public | 95.5× · Very expensive |
AI analysis
An AI analyst reads Plug Power's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 701 | 891 | 629 | 710 | |
| -194 | -508 | -625 | -242 | |
| -658 | -1,044 | -1,078 | -680 | |
| -633 | -1,260 | -1,976 | -1,584 | |
| -724 | -1,369 | -2,105 | -1,632 | |
| -1.25 | -2.30 | -2.68 | -1.42 | |
| -27.7% | -57.0% | -99.4% | -34.1% | |
| -93.8% | -117.1% | -171.5% | -95.7% | |
| -103.2% | -153.6% | -334.7% | -229.8% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 5,764 | 4,903 | 3,603 | 2,595 |
| Cash | 691 | 135 | 206 | 369 |
| Total debt | 899 | 969 | 1,079 | 997 |
| Total liabilities | 1,704 | 2,005 | 1,795 | 1,591 |
| 4,060 | 2,898 | 1,734 | 978 | |
| 580 | 595 | 785 | 1,147 | |
| -10.9% | -27.2% | -57.9% | -65.1% | |
| -17.8% | -47.2% | -121.4% | -166.8% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -829 | -1,107 | -729 | -536 | |
| 464 | 696 | 334 | 126 | |
| -1,292 | -1,803 | -1,063 | -661 | |
| Dividends paid | – | – | – | – |
| – | – | – | – | |
| 180 | 163 | 82 | 51 |
Valuation
- –
- –
- –
- 7.1×
- 2.2×
- –
- –
- -42.6%
- -105.1%
- 0.0%
Profitability
- -34.1%
- -95.7%
- -229.8%
- -77.6%
- -31.0%
- -42.9%
- -139.3%
- -71.0%
- -33.5%
- 7.1%
Growth
- +0.4%
- –
- +37.8%
- –
- +20.0%
Financial health
- –
- 1.35
- 42.7%
- -8.6×
- 2.36
- 1.40
- 0.31
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 1%of 982
Bottom 1%of 991
Bottom 19%of 988
Bottom 1%of 988
What analysts expect
- Average price target
- $3.91
- Range
- $1.00 – $7.00
- 3 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 11, 2026 | -0.08 | -0.09 | +11.1% |
| Mar 2, 2026 | -0.06 | -0.10 | +40.0% |
| Nov 10, 2025 | -0.12 | -0.13 | +7.7% |
| Aug 11, 2025 | -0.16 | -0.15 | −6.7% |
| May 12, 2025 | -0.21 | -0.20 | −5.0% |
| Mar 3, 2025 | -1.65 | -0.23 | −617.4% |
| Nov 12, 2024 | -0.25 | -0.24 | −4.2% |
| Aug 8, 2024 | -0.36 | -0.30 | −20.0% |
News
Bloom Energy Jumps 8%, FuelCell Energy Rises 3% as Fuel Cell Stocks Rebound; Plug Power Holds Steady Ahead of EarningsYahoo Finance · Nov 9, 2026Earnings Week Ahead: CSCO, CRWV, PLUG, ALC, AMAT, ACB, RKLB, ASTS, and moreSeeking Alpha · Nov 8, 2026Here's the 1 Thing I'd Wait to See Before Buying Plug Power StockYahoo Finance · Nov 3, 2026IBM Continues to Plug Along, but Its Quantum Computing Bet Could Be the Real CatalystYahoo Finance · Oct 26, 2026Could Buying Plug Power Today Transform $1,000 Into Life-Changing Wealth?Yahoo Finance · Oct 17, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
12No pass
Benjamin Graham
28No pass
Philip Fisher
14No pass
Peter Lynch
16No pass
Joel Greenblatt
0No pass
Charlie Munger
12No pass
Terry Smith
16No pass
Questions about Plug Power
Is Plug Power a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Plug Power AI analysis
What does Plug Power do?
Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It is in Electrical Equipment & Parts, based in Slingerlands, NY, United States, with 2,344 employees.
Does Plug Power pay a dividend?
No. Plug Power does not pay a dividend at the moment.
Is Plug Power stock halal?
No. Plug Power does not pass our halal screen: its debt is 64% of its market value, at or above the 33% limit. How we check
How has Plug Power stock done over the past year?
Down 55.4% over the past twelve months, to $1.11. It traded between $1.11 and $4.14 and is 73.2% below its high.
Who are Plug Power's competitors?
The largest listed companies in the same industry are Contemporary Amperex Technology, ABB, Vertiv and Delta Electronics (Thailand) Public. The peers table on this page compares their profit, growth and price with Plug Power's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.