Stocks · Industrials · Electrical Equipment & Parts
Plug Power Inc. PLUG
$1.90 +0.53% Close, Oct 2, 2026 · NASDAQ · Market cap $2.65B
Weak trendExpensive vs sector
Next earnings report: Nov 9, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to -70.2% from -273.7% a year earlier.
- The diluted share count rose 23.5% in a year.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 40%
- Revenue growth, 3-year CAGRBottom 31%
- Revenue growth accelerationBottom 10%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 5%
- Gross marginBottom 3%
- Operating marginBottom 6%
- Accruals (lower is better)Top 1%
- Interest coverBottom 13%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 3%
- Free-cash-flow yieldBottom 10%
- EBITDA / enterprise valueBottom 2%
- Sales / enterprise valueBottom 22%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 16%
- 6-month returnBottom 19%
- 1-year return vs S&P 500Bottom 15%
- Distance from 52-week highBottom 13%
- Trend checklist (0–4)Bottom 15%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 6%
- Consecutive EPS beatsBottom 16%
- Share of analysts rating BuyBottom 29%
- Upside to consensus price targetTop 20%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 35%
- Maximum drawdown, 3 yearsBottom 5%
- Beta vs S&P 500 (lower is better)Top 30%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 15.2% | 10.6% | ↓ |
| Gross margin | -68.6% | -18.5% | ↑ |
| Operating margin | -273.7% | -70.2% | ↑ |
| FCF margin | -120.7% | -72.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 10.6% | 15.2% | ↓ | Top 40% |
| Gross margin | -18.5% | -68.6% | ↑ | Bottom 3% |
| Operating margin | -70.2% | -273.7% | ↑ | Bottom 6% |
| Net margin | -220.6% | -292.8% | ↑ | — |
| Free-cash-flow margin | -72.1% | -120.7% | ↑ | — |
| Return on invested capital | -29.6% | — | Bottom 5% | |
| Revenue growth, 3-year CAGR | 0.4% | — | Bottom 31% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -52.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 3.1%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -57.4 pp
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -7.3×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.62%
- Net buyback yield (TTM)
- -16.83%
- Shareholder yield
- -16.20%
- Share count change, 1 year
- +23.5%
- Share count change, 3-year CAGR
- +32.5%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 10, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 0 of 8
- Average EPS surprise, last 4
- -100.0%
- Average 2-day reaction, last 8
- +0.8%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $3.13
- Target vs current price
- +64.7%
- Analysts with a rating
- 38
- Share rating Buy or Strong Buy
- 45%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 10, 2026 | -80.1% | -3.2% | +6.4% | -0.5% | — |
| May 11, 2026 | -100.0% | +12.8% | +21.2% | +2.2% | -32.7% |
| Mar 2, 2026 | -530.0% | +1.1% | +19.0% | +21.8% | +114.5% |
| Nov 10, 2025 | -138.5% | -3.4% | -15.1% | -18.5% | -29.8% |
| Aug 11, 2025 | -6.7% | +4.6% | +12.6% | -4.6% | +82.1% |
| May 12, 2025 | -5.0% | +5.0% | -10.2% | +41.8% | +69.7% |
| Mar 3, 2025 | -617.4% | -6.8% | +10.6% | -16.8% | -50.7% |
| Nov 12, 2024 | -4.2% | -4.0% | +0.0% | +26.1% | -13.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 10, 2026 | -$0.14 | -$0.08 | -80.1% | $178.3M |
| May 11, 2026 | -$0.18 | -$0.09 | -100.0% | $163.5M |
| Mar 2, 2026 | -$0.63 | -$0.10 | -530.0% | $225.2M |
| Nov 10, 2025 | -$0.31 | -$0.13 | -138.5% | $177.1M |
| Aug 11, 2025 | -$0.16 | -$0.15 | -6.7% | $174.0M |
| May 12, 2025 | -$0.21 | -$0.20 | -5.0% | $133.7M |
| Mar 3, 2025 | -$1.65 | -$0.23 | -617.4% | $191.5M |
| Nov 12, 2024 | -$0.25 | -$0.24 | -4.2% | $173.7M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / Sales | 4.45× | — | — | Bottom 22% |
| Free-cash-flow yield | -20.23% | — | — | Bottom 10% |
| Earnings yield | -71.58% | — | — | Bottom 3% |
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -6.1%
- 200-day average slope (20 days)
- -0.3%
- Distance from 50-day average
- -10.0%
- Distance from 200-day average
- -22.9%
- RSI (14)
- 38.7
- Relative volume
- 0.76×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 55.3%
- Volatility vs own 5-year history
- 1th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.84
- Correlation with S&P 500
- 0.14
- Current drawdown from 1-year high
- -54.1%
- Maximum drawdown, 3 years
- -90.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jan 26, 2021 | May 15, 2025 | -99.0% | 1081 days | Not yet recovered |
| Oct 9, 2020 | Oct 30, 2020 | -24.0% | 15 days | 4 days (Nov 5, 2020) |
| Jan 13, 2021 | Jan 15, 2021 | -13.5% | 2 days | 6 days (Jan 26, 2021) |
| Nov 23, 2020 | Dec 3, 2020 | -11.2% | 7 days | 3 days (Dec 8, 2020) |
| Dec 23, 2020 | Jan 4, 2021 | -11.0% | 6 days | 3 days (Jan 7, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $2.65B
- EPS, diluted (TTM)
- -$1.36
- Revenue (TTM)
- $744.1M
- 52-week range
- $1.70 – $4.58
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $502.3M | $701.4M | $891.3M | $628.8M | $709.9M |
| Gross profit | -$171.3M | -$194.4M | -$507.8M | -$624.9M | -$242.0M |
| Operating income | -$437.3M | -$679.5M | -$1.34B | -$2.02B | -$679.6M |
| Net income | -$460.0M | -$724.0M | -$1.37B | -$2.10B | -$1.63B |
| EPS (diluted) | -$0.82 | -$1.25 | -$2.30 | -$2.45 | -$1.41 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $173.7M | $191.5M | $133.7M | $174.0M | $177.1M | $225.2M | $163.5M | $178.3M |
| Net income | -$211.2M | -$1.34B | -$196.7M | -$227.1M | -$361.9M | -$846.0M | -$245.3M | -$188.2M |
| EPS (diluted) | -$0.25 | -$1.46 | -$0.21 | -$0.20 | -$0.31 | -$0.73 | -$0.18 | -$0.14 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$358.2M | -$620.8M | -$1.11B | -$728.6M | -$535.8M |
| Capital expenditure | -$193.3M | -$463.9M | -$696.1M | -$334.2M | -$125.6M |
| Free cash flow | -$551.4M | -$1.08B | -$1.80B | -$1.06B | -$661.5M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $3.59B | $2.3M | -$10.0M | $857.9M | $720.7M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $161.9M
- Total assets
- $2.19B
- Total liabilities
- $1.61B
- Total debt
- $823.1M
- Net debt
- $661.2M
- Shareholders’ equity
- $581.8M
As of Jun 30, 2026 (filed Aug 10, 2026).
Short interest
- Shares sold short
- 287,260,138
- Days to cover
- 6.09
- Change vs previous report
- -1.3%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- May 20, 2011
- 1-for-10