Plug Power Financials

PLUG Stock

USD 2.30 0.20 8.00%

Based on the analysis of Plug Power's profitability, liquidity, and operating efficiency, Plug Power is not in a good financial situation at this time. It has a very high probability of going through financial hardship in February. At this time, Plug Power's Total Current Liabilities is most likely to increase significantly in the upcoming years. The Plug Power's current Total Stockholder Equity is estimated to increase to about 2.1 B, while Cash is projected to decrease to roughly 205.8 M.

Cash Flow Balance Sheet Income Statement

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Plug Power Balance Sheet Chart

At this time, Plug Power's Total Current Liabilities is most likely to increase significantly in the upcoming years. The Plug Power's current Total Stockholder Equity is estimated to increase to about 2.1 B, while Cash is projected to decrease to roughly 205.8 M.

Total Assets Total Current Liabilities Property Plant And Equipment Net Accounts Payable

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Key indicators impacting Plug Power's financial strength include:

Current Value

Last Year

Change From Last Year

10 Year Trend

Current Ratio

2.16

2.27

Notably Down

Pretty Stable

The essential information of the day-to-day investment outlook for Plug Power includes many different criteria found on its balance sheet. An individual investor should monitor Plug Power's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Plug Power.

Net Income

(1.8 Billion)

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Plug Power Earnings Geography

Plug Power Stock Summary

Plug Power competes with GrafTech International, Hayward Holdings, Amprius Technologies, Eos Energy, and Hafnia. 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. The company was founded in 1997 and is headquartered in Latham, New York. Plug Power operates under Electrical Equipment Parts classification in the United States and is traded on NASDAQ Exchange. It employs 2249 people.

Specialization	Industrials, Electrical Equipment & Parts
Instrument	USA Stock View All
Exchange	NASDAQ Exchange
ISIN	US72919P2020
Business Address	125 Vista Boulevard,
Sector	Electrical Equipment
Industry	Industrials
Benchmark	Dow Jones Industrial
Website	www.plugpower.com
Phone	518 782 7700
Currency	USD - US Dollar

Plug Power Key Financial Ratios

	Return On Equity	-0.94
	Operating Margin	(1.39) %
	Price To Sales	4.73 X
	Revenue	628.81 M
	Gross Profit	(478.04 M)

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Plug Power Key Balance Sheet Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	6.0B	5.8B	4.9B	3.6B	4.1B	4.4B
Other Current Liab	71.7M	175.4M	168.6M	133.0M	153.0M	160.6M
Net Debt	(1.7B)	208.1M	991.0M	872.9M	1.0B	1.1B
Retained Earnings	(2.4B)	(3.1B)	(4.5B)	(6.6B)	(5.9B)	(5.6B)
Accounts Payable	129.0M	191.9M	257.8M	220.8M	253.9M	266.6M
Cash	2.5B	690.6M	135.0M	205.7M	236.5M	205.8M
Net Receivables	131.3M	191.9M	370.1M	251.3M	289.0M	303.4M
Total Liab	1.3B	1.7B	2.0B	1.8B	2.1B	2.2B
Total Current Assets	4.4B	3.3B	1.8B	1.5B	1.7B	1.8B
Inventory	269.2M	645.6M	961.3M	682.6M	785.0M	824.3M
Other Current Assets	178.5M	309.3M	320.6M	337.9M	388.5M	408.0M
Short Term Debt	92.8M	121.1M	317.0M	226.4M	260.4M	273.4M
Common Stock	5.9M	6.1M	6.3M	9.3M	10.7M	11.3M
Other Liab	117.3M	55.3M	206.5M	291.1M	334.8M	351.5M
Other Assets	265.7M	609.4M	837.6M	(2.0B)	(1.8B)	(1.7B)
Long Term Debt	305.4M	193.9M	196.5M	323.0M	371.4M	390.0M
Intangible Assets	158.2M	207.7M	188.9M	84.7M	76.2M	72.4M
Net Tangible Assets	121.4M	1.4B	4.2B	3.6B	4.1B	4.4B
Capital Surpluse	1.5B	3.4B	7.1B	7.3B	8.4B	8.8B

Plug Power Key Income Statement Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Interest Expense	43.2M	39.0M	45.2M	46.6M	53.6M	56.3M
Total Revenue	502.3M	701.4M	891.3M	628.8M	723.1M	759.3M
Gross Profit	(171.3M)	(194.4M)	(507.8M)	(624.9M)	(562.4M)	(534.3M)
Operating Income	(437.3M)	(679.6M)	(1.3B)	(2.0B)	(1.8B)	(1.7B)
Ebit	(432.9M)	(684.1M)	(1.3B)	(2.1B)	(1.9B)	(1.8B)
Research Development	64.8M	99.6M	113.7M	77.2M	88.8M	93.3M
Ebitda	(409.6M)	(632.5M)	(1.3B)	(2.0B)	(1.8B)	(1.7B)
Cost Of Revenue	673.7M	895.8M	1.4B	1.3B	1.4B	1.5B
Income Before Tax	(476.2M)	(723.2M)	(1.4B)	(2.1B)	(1.9B)	(1.8B)
Net Income	(460.0M)	(724.0M)	(1.4B)	(2.1B)	(1.9B)	(1.8B)
Income Tax Expense	(16.2M)	839K	(7.4M)	(2.7M)	(2.4M)	(2.3M)
Interest Income	4.0M	37.3M	55.8M	30.7M	35.3M	30.2M
Tax Provision	(16.2M)	839K	(7.4M)	(2.7M)	(2.4M)	(2.5M)
Net Interest Income	(39.2M)	(1.8M)	10.6M	(15.9M)	(18.3M)	(19.2M)

Plug Power Key Cash Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Change In Cash	1.5B	(1.8B)	(380.2M)	(128.4M)	(147.7M)	(140.3M)
Free Cash Flow	(551.4M)	(1.1B)	(1.8B)	(1.1B)	(956.6M)	(908.8M)
Depreciation	23.4M	51.6M	71.1M	84.6M	97.2M	102.1M
Other Non Cash Items	94.1M	241.2M	578.8M	1.2B	1.4B	1.5B
Capital Expenditures	193.3M	463.9M	696.1M	334.2M	384.4M	403.6M
Net Income	(460.0M)	(724.0M)	(1.4B)	(2.1B)	(1.9B)	(1.8B)
End Period Cash Flow	3.1B	690.6M	1.2B	1.0B	1.2B	1.3B
Change To Inventory	(100.9M)	(363.7M)	(408.6M)	129.3M	116.4M	122.2M
Investments	(1.7B)	(115.1M)	728.1M	(402.4M)	(362.1M)	(344.0M)
Change Receivables	10.6M	(15.7M)	(27.6M)	(30.9M)	(27.8M)	(26.4M)
Net Borrowings	20.6M	1.5M	24.6M	136.8M	157.3M	165.2M
Change To Netincome	12.8M	(24.3M)	92.4M	206.3M	237.2M	249.1M

Plug Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Plug Power's current stock value. Our valuation model uses many indicators to compare Plug Power value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Plug Power competition to find correlations between indicators driving Plug Power's intrinsic value. More Info.

Plug Power is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . At this time, Plug Power's Return On Equity is most likely to slightly decrease in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Plug Power by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Most indicators from Plug Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Plug Power current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plug Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Plug Stock please use our How to Invest in Plug Power guide.At this time, Plug Power's Selling General Administrative is most likely to increase significantly in the upcoming years. The Plug Power's current Sales General And Administrative To Revenue is estimated to increase to 0.50, while Tax Provision is projected to decrease to (2.5 M).

	2023	2024	2025	2026 (projected)
Total Operating Expenses	835.7M	1.4B	1.6B	1.7B
Cost Of Revenue	1.4B	1.3B	1.4B	1.5B

Total Operating Expenses Cost Of Revenue

Plug Power fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Non Currrent Assets Other	Common Stock Total Equity	Inventory	Other Current Assets	Short Term Debt	Common Stock	Other Liab
Total Assets		0.9	0.87	0.97	0.86	0.12	-0.76	0.88	0.62	0.92	0.68	0.85	0.83	0.93	0.92	0.92	0.85	0.94	0.89	0.94	0.91	0.85	0.88	0.76	0.82	0.91
Other Current Liab	0.9		0.97	0.79	0.96	0.52	-0.89	0.96	0.24	0.98	0.32	0.95	0.9	0.96	0.94	0.97	0.96	0.71	0.95	0.98	0.92	0.97	0.97	0.89	0.89	0.96
Total Current Liabilities	0.87	0.97		0.74	0.99	0.56	-0.94	1.0	0.22	0.99	0.25	0.99	0.94	0.96	0.96	0.99	0.99	0.67	0.97	0.98	0.93	0.99	0.98	0.97	0.93	0.97
Total Stockholder Equity	0.97	0.79	0.74		0.73	-0.1	-0.6	0.75	0.75	0.82	0.81	0.71	0.69	0.83	0.81	0.8	0.71	0.98	0.76	0.84	0.8	0.72	0.75	0.6	0.67	0.79
Property Plant And Equipment Net	0.86	0.96	0.99	0.73		0.58	-0.91	0.98	0.16	0.99	0.21	0.99	0.89	0.92	0.93	0.96	1.0	0.63	0.93	0.97	0.88	1.0	0.96	0.95	0.88	0.95
Net Debt	0.12	0.52	0.56	-0.1	0.58		-0.6	0.54	-0.67	0.48	-0.63	0.57	0.48	0.4	0.4	0.47	0.6	-0.22	0.47	0.44	0.35	0.6	0.54	0.65	0.49	0.48
Retained Earnings	-0.76	-0.89	-0.94	-0.6	-0.91	-0.6		-0.95	-0.13	-0.9	-0.13	-0.92	-0.95	-0.9	-0.94	-0.93	-0.91	-0.55	-0.92	-0.91	-0.87	-0.93	-0.95	-0.92	-0.96	-0.94
Accounts Payable	0.88	0.96	1.0	0.75	0.98	0.54	-0.95		0.24	0.98	0.27	0.98	0.95	0.96	0.98	0.98	0.98	0.68	0.97	0.98	0.93	0.99	0.99	0.95	0.94	0.98
Cash	0.62	0.24	0.22	0.75	0.16	-0.67	-0.13	0.24		0.29	0.96	0.19	0.28	0.41	0.38	0.33	0.15	0.84	0.34	0.35	0.44	0.15	0.24	0.1	0.28	0.3
Non Current Assets Total	0.92	0.98	0.99	0.82	0.99	0.48	-0.9	0.98	0.29		0.35	0.98	0.9	0.96	0.95	0.98	0.98	0.74	0.96	0.99	0.92	0.99	0.97	0.92	0.89	0.97
Cash And Short Term Investments	0.68	0.32	0.25	0.81	0.21	-0.63	-0.13	0.27	0.96	0.35		0.2	0.29	0.44	0.41	0.36	0.19	0.89	0.35	0.4	0.45	0.2	0.29	0.09	0.28	0.35
Net Receivables	0.85	0.95	0.99	0.71	0.99	0.57	-0.92	0.98	0.19	0.98	0.2		0.91	0.93	0.93	0.97	0.99	0.63	0.95	0.97	0.91	0.99	0.96	0.97	0.9	0.94
Common Stock Shares Outstanding	0.83	0.9	0.94	0.69	0.89	0.48	-0.95	0.95	0.28	0.9	0.29	0.91		0.95	0.97	0.95	0.89	0.66	0.95	0.93	0.94	0.91	0.97	0.9	0.99	0.95
Non Current Liabilities Total	0.93	0.96	0.96	0.83	0.92	0.4	-0.9	0.96	0.41	0.96	0.44	0.93	0.95		0.97	0.99	0.92	0.79	0.99	0.98	0.98	0.93	0.97	0.9	0.95	0.97
Other Stockholder Equity	0.92	0.94	0.96	0.81	0.93	0.4	-0.94	0.98	0.38	0.95	0.41	0.93	0.97	0.97		0.98	0.93	0.77	0.96	0.97	0.94	0.94	0.98	0.88	0.96	0.98
Total Liab	0.92	0.97	0.99	0.8	0.96	0.47	-0.93	0.98	0.33	0.98	0.36	0.97	0.95	0.99	0.98		0.96	0.75	0.99	0.99	0.97	0.96	0.99	0.94	0.95	0.98
Property Plant And Equipment Gross	0.85	0.96	0.99	0.71	1.0	0.6	-0.91	0.98	0.15	0.98	0.19	0.99	0.89	0.92	0.93	0.96		0.62	0.94	0.97	0.88	1.0	0.96	0.96	0.88	0.95
Total Current Assets	0.94	0.71	0.67	0.98	0.63	-0.22	-0.55	0.68	0.84	0.74	0.89	0.63	0.66	0.79	0.77	0.75	0.62		0.72	0.77	0.78	0.63	0.69	0.52	0.65	0.73
Short Long Term Debt Total	0.89	0.95	0.97	0.76	0.93	0.47	-0.92	0.97	0.34	0.96	0.35	0.95	0.95	0.99	0.96	0.99	0.94	0.72		0.98	0.97	0.94	0.97	0.94	0.96	0.97
Non Currrent Assets Other	0.94	0.98	0.98	0.84	0.97	0.44	-0.91	0.98	0.35	0.99	0.4	0.97	0.93	0.98	0.97	0.99	0.97	0.77	0.98		0.95	0.97	0.98	0.92	0.92	0.98
Common Stock Total Equity	0.91	0.92	0.93	0.8	0.88	0.35	-0.87	0.93	0.44	0.92	0.45	0.91	0.94	0.98	0.94	0.97	0.88	0.78	0.97	0.95		0.89	0.94	0.89	0.95	0.94
Inventory	0.85	0.97	0.99	0.72	1.0	0.6	-0.93	0.99	0.15	0.99	0.2	0.99	0.91	0.93	0.94	0.96	1.0	0.63	0.94	0.97	0.89		0.97	0.95	0.9	0.96
Other Current Assets	0.88	0.97	0.98	0.75	0.96	0.54	-0.95	0.99	0.24	0.97	0.29	0.96	0.97	0.97	0.98	0.99	0.96	0.69	0.97	0.98	0.94	0.97		0.92	0.96	0.99
Short Term Debt	0.76	0.89	0.97	0.6	0.95	0.65	-0.92	0.95	0.1	0.92	0.09	0.97	0.9	0.9	0.88	0.94	0.96	0.52	0.94	0.92	0.89	0.95	0.92		0.9	0.91
Common Stock	0.82	0.89	0.93	0.67	0.88	0.49	-0.96	0.94	0.28	0.89	0.28	0.9	0.99	0.95	0.96	0.95	0.88	0.65	0.96	0.92	0.95	0.9	0.96	0.9		0.95
Other Liab	0.91	0.96	0.97	0.79	0.95	0.48	-0.94	0.98	0.3	0.97	0.35	0.94	0.95	0.97	0.98	0.98	0.95	0.73	0.97	0.98	0.94	0.96	0.99	0.91	0.95

Click cells to compare fundamentals

Plug Power Account Relationship Matchups

Plug Power fundamental ratios Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	6.0B	5.8B	4.9B	3.6B	4.1B	4.4B
Other Current Liab	71.7M	175.4M	168.6M	133.0M	153.0M	160.6M
Net Debt	(1.7B)	208.1M	991.0M	872.9M	1.0B	1.1B
Retained Earnings	(2.4B)	(3.1B)	(4.5B)	(6.6B)	(5.9B)	(5.6B)
Accounts Payable	129.0M	191.9M	257.8M	220.8M	253.9M	266.6M
Cash	2.5B	690.6M	135.0M	205.7M	236.5M	205.8M
Net Receivables	131.3M	191.9M	370.1M	251.3M	289.0M	303.4M
Total Liab	1.3B	1.7B	2.0B	1.8B	2.1B	2.2B
Total Current Assets	4.4B	3.3B	1.8B	1.5B	1.7B	1.8B
Inventory	269.2M	645.6M	961.3M	682.6M	785.0M	824.3M
Other Current Assets	178.5M	309.3M	320.6M	337.9M	388.5M	408.0M
Short Term Debt	92.8M	121.1M	317.0M	226.4M	260.4M	273.4M
Common Stock	5.9M	6.1M	6.3M	9.3M	10.7M	11.3M
Other Liab	117.3M	55.3M	206.5M	291.1M	334.8M	351.5M
Other Assets	265.7M	609.4M	837.6M	(2.0B)	(1.8B)	(1.7B)
Long Term Debt	305.4M	193.9M	196.5M	323.0M	371.4M	390.0M
Intangible Assets	158.2M	207.7M	188.9M	84.7M	76.2M	72.4M
Net Tangible Assets	121.4M	1.4B	4.2B	3.6B	4.1B	4.4B
Capital Surpluse	1.5B	3.4B	7.1B	7.3B	8.4B	8.8B

Plug Power Thematic Clasifications

Plug Power is part of several thematic ideas from Driverless Cars to Climate Change. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas

	Driverless Cars		View
	Climate Change		View

Today, most investors in Plug Power Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Plug Power's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Plug Power growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.15)

At this time, Plug Power's Price Earnings To Growth Ratio is most likely to slightly decrease in the upcoming years.

Plug Power January 27, 2026 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Plug Power help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Plug Power. We use our internally-developed statistical techniques to arrive at the intrinsic value of Plug Power based on widely used predictive technical indicators. In general, we focus on analyzing Plug Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Plug Power's daily price indicators and compare them against related drivers.

	Information Ratio	(0.08)
	Maximum Drawdown	20.14
	Value At Risk	(8.36)
	Potential Upside	7.91

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When running Plug Power's price analysis, check to measure Plug Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Plug Power is operating at the current time. Most of Plug Power's value examination focuses on studying past and present price action to predict the probability of Plug Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plug Power's price. Additionally, you may evaluate how the addition of Plug Power to your portfolios can decrease your overall portfolio volatility.

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Plug Power Financials

Plug Power Balance Sheet Chart

Net Income

(1.8 Billion)

Plug Power Earnings Geography

Plug Power Stock Summary

Plug Power Key Financial Ratios

Plug Power Key Balance Sheet Accounts

Plug Power Key Income Statement Accounts

Plug Power Key Cash Accounts

Plug Financial Ratios Relationships

Plug Power fundamental ratios Correlations

Plug Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Plug Power fundamental ratios Accounts

Plug Power Thematic Clasifications

Price Earnings To Growth Ratio

(0.15)

Plug Power January 27, 2026 Opportunity Range

Complementary Tools for Plug Stock analysis

COMMON DESTINATIONS

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Accounts Payable	+ 1.0	Total Current Liabilities
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Inventory	+ 1.0	Property Plant And Equipment Net
Inventory	+ 1.0	Property Plant And Equipment Gross
Property Plant And Equipment Net	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Total Current Liabilities

Common Stock	- 0.96	Retained Earnings
Other Current Assets	- 0.95	Retained Earnings
Common Stock Shares Outstanding	- 0.95	Retained Earnings
Accounts Payable	- 0.95	Retained Earnings
Other Liab	- 0.94	Retained Earnings
Other Stockholder Equity	- 0.94	Retained Earnings