PLUG
Plug Power Inc Industrials Electrical Industrial Apparatus Russell 3000
$1.37Close
$1.9BMarket cap
$1.37 – $4.1452-week range
Nov 9, 2026Next report · after the close
Highlights
Cautions
- Not in an uptrend 1 of 8 trend conditions
- Lagging the market RS 4 · weaker than 96% of stocks over 12 months
- Far from its high 67% below its 52-week high
- Distribution down-day volume 1.8× up-day volume over 50 sessions
- Results soon Nov 9, 2026, in 8 days
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
67%
1wk
down 0.7%
price change
1mo
down 29.4%
price change
12-month return
down 48%
market up 11% ·
its own down 61%
F-score
5 / 9
Mixed
Altman Z
-4.94
Elevated risk
P/E
—
price / earnings
PEG
—
P/E / EPS growth
P/B
2.0×
price / book
Earnings yield
down 95.2%
EBIT / enterprise value
Cheaper than
25%
of the market · expensive
Revenue growth
up 13%
year on year
EPS growth
—
latest quarter
Sales growth
up 2%
latest quarter · -20 pts
ROE
down 120%
return on equity
Free cash margin
down 91%
-$647.0M FCF
D/E
—
long-term debt / equity
Net debt / EBITDA
—
Interest cover
Lossoperating loss
Piotroski tests
- not yet profitable on its assets
- operating cash flow is negative
- profitability slipped from last year
- issued more shares
- profits backed by cash
- reduced long-term debt
- short-term liquidity improved
- gross margin widened
- assets working harder
Repair signals
- Gross margin -99.4% → -34.1%
- Revenue reaccelerating (-29% then +13%)
Trade setup
ATR%
6.5%
$0.09 a day · 2×ATR $1.19
RS
4 / 99
vs the universe
Trend
1 / 8
trend template
Relative volume
0.7×
vs 50-day average
Up/down volume
0.56
50 sessions
Implied move
—
no option chain · report Nov 9, 2026
Trend template · 1 of 8
- 150-day average above the 200-day: passes
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
- Shareholders diluted The share count rose 49.3% over the year, from 934m to 1.4bn shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported
Oct 15, 2026
Results reaction
Oct 15, 2026-4% vs market2 sessions after results
Financials
- Gross -34%
- Net -230%
- Free cash -91%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | -$93.2M | $502.3M | $701.4M | $891.3M | $628.8M | $709.9M |
| Gross margin | 503% | -34% | -28% | -57% | -99% | -34% |
| Operating income | -$584.2M | -$437.3M | -$679.5M | -$1.3B | -$2.0B | -$1.5B |
| Net income | -$596.2M | -$460.0M | -$724.0M | -$1.4B | -$2.1B | -$1.6B |
| Net margin | 639% | -92% | -103% | -154% | -335% | -230% |
| Earnings per share | -$1.68 | -$0.82 | -$1.25 | -$2.30 | -$2.68 | -$1.42 |
| Free cash flow | -$178.0M | -$530.3M | -$1.3B | -$1.8B | -$1.0B | -$647.0M |
| Free cash margin | 191% | -106% | -180% | -199% | -162% | -91% |
| Cash | $1.3B | $2.5B | $690.6M | $135.0M | $205.7M | $368.5M |
| Long-term debt | — | — | $9.0M | $3.9M | $2.1M | — |
| Shareholders' equity | $1.5B | $4.6B | $4.1B | $2.9B | $1.7B | $978.1M |
| Shares outstanding | 458.05m | 577.65m | 590.35m | 625.31m | 934.13m | 1.39bn |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 10, 2026 | Quarterly ↗ | Jun 30, 2026 | 41d |
| May 11, 2026 | Quarterly ↗ | Mar 31, 2026 | 41d |
| Mar 2, 2026 | Annual ↗ | Dec 31, 2025 | 61d |
| Nov 10, 2025 | Quarterly ↗ | Sep 30, 2025 | 41d |
| Aug 11, 2025 | Quarterly ↗ | Jun 30, 2025 | 42d |
| May 12, 2025 | Quarterly ↗ | Mar 31, 2025 | 42d |
| Mar 3, 2025 | Annual ↗ | Dec 31, 2024 | 62d |
| Nov 12, 2024 | Quarterly ↗ | Sep 30, 2024 | 43d |
| Aug 8, 2024 | Quarterly ↗ | Jun 30, 2024 | 39d |
| May 9, 2024 | Quarterly ↗ | Mar 31, 2024 | 39d |
| Feb 29, 2024 | Annual ↗ | Dec 31, 2023 | 60d |
| Nov 9, 2023 | Quarterly ↗ | Sep 30, 2023 | 40d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 15, 2026 | Results ↗ |
| Sep 23, 2026 | Director or officer change ↗ |
| Aug 10, 2026 | Results ↗ |
| Jul 13, 2026 | Material agreement · Results · Regulation FD ↗ |
| Jun 15, 2026 | Shareholder vote · Other events ↗ |
| Jun 11, 2026 | Regulation FD ↗ |
| Jun 4, 2026 | Director or officer change ↗ |
| May 11, 2026 | Results ↗ |
| Mar 10, 2026 | Director or officer change ↗ |
| Mar 2, 2026 | Results ↗ |
| Feb 26, 2026 | Material agreement · Other events ↗ |
| Feb 13, 2026 | Charter or bylaws · Shareholder vote ↗ |