Plug Power Financials

PLUN Stock

EUR 1.57 0.01 0.63%

We recommend to use analysis of Plug Power fundamentals to see if markets are presently mispricing the firm. We are able to break down and analyze data for thirty-one available financial ratios for Plug Power, which can be compared to its competitors. The stock experiences a moderate downward daily trend and can be a good diversifier. Check odds of Plug Power to be traded at €1.5386 in 90 days.

Covid

Interest Hikes

Plug Power Balance Sheet Chart

At this time, Plug Power's Net Tangible Assets are most likely to increase significantly in the upcoming years. The Plug Power's current Accounts Payable is estimated to increase to about 266.6 M, while Other Current Liabilities is projected to decrease to roughly 69.7 M.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity

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

Plug Power Stock Summary

Plug Power competes with AUREA SA, Superior Plus, Franklin Global, Intel, and Volkswagen. Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York. PLUG POWER operates under Electronic Components classification in Germany and is traded on Frankfurt Stock Exchange. It employs 575 people.

Foreign Associate	Sweden
Specialization	Industrials, Electrical Equipment & Parts
Instrument	Germany Stock View All
Exchange	Frankfurt 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	EUR - Euro

You should never invest in Plug Power without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Plug Stock, because this is throwing your money away. Analyzing the key information contained in Plug Power's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Plug Power Key Financial Ratios

There are many critical financial ratios that Plug Power's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Plug Power reports annually and quarterly.

	Return On Equity	-0.94
	Operating Margin	(1.39) %
	Price To Sales	3.23 X
	Revenue	628.81 M
	Gross Profit	(478.04 M)

More Fundamentals

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	2.5B
Other Current Liab	156.2M	165.9M	142.4M	93.9M	108.0M	69.7M
Other Liab	26.0M	73.4M	206.5M	291.1M	334.8M	351.5M
Net Tangible Assets	115.5M	1.4B	4.2B	3.6B	4.1B	4.4B
Retained Earnings	(2.4B)	(3.1B)	(4.5B)	(6.6B)	(5.9B)	(5.6B)
Accounts Payable	92.3M	191.9M	322.6M	220.8M	253.9M	266.6M
Cash	2.5B	690.6M	135.0M	205.7M	236.5M	224.7M
Other Assets	251.5M	338.2M	609.4M	837.6M	963.2M	1.0B
Long Term Debt	305.4M	197.8M	196.5M	323.0M	371.4M	390.0M
Net Receivables	92.7M	129.5M	243.8M	157.2M	180.8M	189.9M
Inventory	269.2M	645.6M	961.3M	682.6M	785.0M	824.3M
Other Current Assets	118.6M	159.0M	104.1M	139.8M	160.8M	168.9M
Total Liab	1.3B	1.7B	2.0B	1.8B	2.1B	2.2B
Short Long Term Debt	15.3M	5.1M	2.7M	59.2M	68.1M	71.5M
Total Current Assets	4.4B	3.3B	1.8B	1.5B	1.7B	1.4B
Intangible Assets	158.2M	207.7M	188.9M	84.7M	97.4M	70.2M
Common Stock	3.2M	4.7M	5.9M	6.1M	7.0M	3.7M
Net Invested Capital	4.9B	4.3B	3.1B	2.1B	2.4B	2.3B
Net Working Capital	4.0B	2.7B	822.2M	729.0M	838.3M	1.3B
Capital Stock	5.9M	6.1M	6.3M	9.3M	10.7M	6.0M

Plug Power Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.

	2021	2022	2023	2024	2025	2026 (projected)
Interest Expense	43.2M	39.0M	45.2M	46.6M	53.6M	29.2M
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	(415.9M)	(657.9M)	(1.0B)	(1.1B)	(970.4M)	(921.9M)
Ebit	(47.6M)	(576.6M)	(415.9M)	(657.9M)	(592.1M)	(562.5M)
Research Development	64.8M	99.6M	113.7M	77.2M	88.8M	54.5M
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)
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)
Ebitda	(37.3M)	(535.5M)	(409.6M)	(632.5M)	(569.3M)	(540.8M)
Interest Income	4.0M	37.3M	55.8M	30.7M	27.6M	29.8M

Plug Power Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Plug Power. It measures of how well Plug is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Plug Power brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Plug had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Plug Power has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (capital allocation) and investing in non-business activities like paying off debt or making acquisitions.

	2021	2022	2023	2024	2025	2026 (projected)
Change To Inventory	(98.8M)	(363.7M)	(408.6M)	129.3M	116.4M	122.2M
Change In Cash	1.5B	(1.6B)	(555.6M)	70.7M	63.6M	73.1M
Net Borrowings	20.6M	(53.4M)	24.6M	136.8M	157.3M	165.2M
Depreciation	23.4M	51.6M	71.1M	84.6M	97.2M	102.1M
Capital Expenditures	192.3M	463.9M	696.1M	334.2M	384.4M	403.6M
Net Income	(460.0M)	(724.0M)	(1.4B)	(2.1B)	(1.9B)	(1.8B)
Change To Netincome	18.4M	432.7M	149.2M	238.7M	274.5M	288.2M
End Period Cash Flow	3.1B	1.5B	1.2B	1.0B	1.2B	1.1B
Free Cash Flow	(551.4M)	(1.3B)	(1.8B)	(1.1B)	(956.6M)	(1.0B)
Other Non Cash Items	3.8M	1.7M	170.1M	140.3M	161.3M	169.4M

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 considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock 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. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Plug Power's earnings, one of the primary drivers of an investment's value.

Plug Power Total Assets Over Time

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 inflation.

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)
Cost Of Revenue	1.4B	1.3B	1.4B	1.5B
Research Development	113.7M	77.2M	88.8M	54.5M

Cost Of Revenue Research Development

Plug Power fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Non Current Assets Total
Total Assets		0.99	0.81	0.98	0.84	0.92	-0.69	0.77	0.61	0.86	0.73	0.8	0.78	0.87	-0.74	0.86	0.64	0.59	0.33	0.94	0.79	0.97	0.94	0.8	0.66	0.91
Other Current Liab	0.99		0.81	0.97	0.85	0.91	-0.67	0.78	0.56	0.86	0.69	0.79	0.79	0.86	-0.76	0.85	0.63	0.59	0.28	0.93	0.76	0.98	0.92	0.8	0.66	0.92
Total Current Liabilities	0.81	0.81		0.7	0.98	0.93	-0.94	0.99	0.14	0.97	0.81	0.97	0.99	0.92	-0.94	0.98	0.6	0.93	0.64	0.61	0.83	0.8	0.85	0.98	0.17	0.93
Total Stockholder Equity	0.98	0.97	0.7		0.76	0.86	-0.55	0.65	0.71	0.77	0.64	0.69	0.67	0.79	-0.62	0.76	0.55	0.45	0.19	0.98	0.7	0.95	0.85	0.69	0.78	0.82
Other Liab	0.84	0.85	0.98	0.76		0.97	-0.93	0.96	0.23	0.99	0.81	0.92	0.97	0.96	-0.94	0.97	0.56	0.92	0.63	0.69	0.81	0.82	0.86	0.99	0.29	0.91
Net Tangible Assets	0.92	0.91	0.93	0.86	0.97		-0.88	0.89	0.45	0.97	0.84	0.89	0.9	0.96	-0.85	0.96	0.56	0.84	0.58	0.82	0.82	0.86	0.89	0.93	0.43	0.9
Retained Earnings	-0.69	-0.67	-0.94	-0.55	-0.93	-0.88		-0.92	-0.06	-0.93	-0.82	-0.9	-0.93	-0.89	0.91	-0.92	-0.54	-0.97	-0.78	-0.49	-0.77	-0.62	-0.8	-0.95	-0.01	-0.84
Accounts Payable	0.77	0.78	0.99	0.65	0.96	0.89	-0.92		0.05	0.95	0.75	0.97	1.0	0.88	-0.95	0.95	0.57	0.92	0.59	0.54	0.78	0.78	0.81	0.97	0.1	0.93
Cash	0.61	0.56	0.14	0.71	0.23	0.45	-0.06	0.05		0.28	0.41	0.19	0.07	0.35	0.04	0.28	0.32	-0.06	0.01	0.81	0.41	0.48	0.48	0.12	0.77	0.25
Other Assets	0.86	0.86	0.97	0.77	0.99	0.97	-0.93	0.95	0.28		0.89	0.94	0.96	0.98	-0.91	0.99	0.63	0.9	0.68	0.71	0.89	0.82	0.9	0.98	0.31	0.92
Long Term Debt	0.73	0.69	0.81	0.64	0.81	0.84	-0.82	0.75	0.41	0.89		0.79	0.75	0.91	-0.66	0.89	0.69	0.76	0.84	0.65	0.95	0.6	0.82	0.79	0.26	0.72
Net Receivables	0.8	0.79	0.97	0.69	0.92	0.89	-0.9	0.97	0.19	0.94	0.79		0.97	0.87	-0.88	0.96	0.6	0.87	0.58	0.6	0.84	0.78	0.86	0.93	0.15	0.93
Inventory	0.78	0.79	0.99	0.67	0.97	0.9	-0.93	1.0	0.07	0.96	0.75	0.97		0.9	-0.97	0.96	0.53	0.92	0.58	0.57	0.77	0.8	0.82	0.98	0.14	0.94
Other Current Assets	0.87	0.86	0.92	0.79	0.96	0.96	-0.89	0.88	0.35	0.98	0.91	0.87	0.9		-0.87	0.97	0.64	0.85	0.7	0.76	0.9	0.81	0.89	0.95	0.41	0.88
Other Stockholder Equity	-0.74	-0.76	-0.94	-0.62	-0.94	-0.85	0.91	-0.95	0.04	-0.91	-0.66	-0.88	-0.97	-0.87		-0.9	-0.46	-0.9	-0.53	-0.51	-0.68	-0.77	-0.78	-0.96	-0.16	-0.91
Total Liab	0.86	0.85	0.98	0.76	0.97	0.96	-0.92	0.95	0.28	0.99	0.89	0.96	0.96	0.97	-0.9		0.67	0.89	0.68	0.7	0.91	0.82	0.9	0.97	0.29	0.93
Deferred Long Term Liab	0.64	0.63	0.6	0.55	0.56	0.56	-0.54	0.57	0.32	0.63	0.69	0.6	0.53	0.64	-0.46	0.67		0.43	0.54	0.54	0.83	0.56	0.76	0.56	0.32	0.63
Long Term Investments	0.59	0.59	0.93	0.45	0.92	0.84	-0.97	0.92	-0.06	0.9	0.76	0.87	0.92	0.85	-0.9	0.89	0.43		0.78	0.38	0.7	0.55	0.69	0.94	-0.09	0.77
Short Long Term Debt	0.33	0.28	0.64	0.19	0.63	0.58	-0.78	0.59	0.01	0.68	0.84	0.58	0.58	0.7	-0.53	0.68	0.54	0.78		0.21	0.73	0.17	0.52	0.66	-0.16	0.42
Total Current Assets	0.94	0.93	0.61	0.98	0.69	0.82	-0.49	0.54	0.81	0.71	0.65	0.6	0.57	0.76	-0.51	0.7	0.54	0.38	0.21		0.69	0.88	0.82	0.61	0.83	0.72
Short Term Debt	0.79	0.76	0.83	0.7	0.81	0.82	-0.77	0.78	0.41	0.89	0.95	0.84	0.77	0.9	-0.68	0.91	0.83	0.7	0.73	0.69		0.7	0.87	0.8	0.35	0.79
Intangible Assets	0.97	0.98	0.8	0.95	0.82	0.86	-0.62	0.78	0.48	0.82	0.6	0.78	0.8	0.81	-0.77	0.82	0.56	0.55	0.17	0.88	0.7		0.87	0.78	0.66	0.92
Common Stock	0.94	0.92	0.85	0.85	0.86	0.89	-0.8	0.81	0.48	0.9	0.82	0.86	0.82	0.89	-0.78	0.9	0.76	0.69	0.52	0.82	0.87	0.87		0.83	0.47	0.94
Property Plant Equipment	0.8	0.8	0.98	0.69	0.99	0.93	-0.95	0.97	0.12	0.98	0.79	0.93	0.98	0.95	-0.96	0.97	0.56	0.94	0.66	0.61	0.8	0.78	0.83		0.22	0.91
Good Will	0.66	0.66	0.17	0.78	0.29	0.43	-0.01	0.1	0.77	0.31	0.26	0.15	0.14	0.41	-0.16	0.29	0.32	-0.09	-0.16	0.83	0.35	0.66	0.47	0.22		0.35
Non Current Assets Total	0.91	0.92	0.93	0.82	0.91	0.9	-0.84	0.93	0.25	0.92	0.72	0.93	0.94	0.88	-0.91	0.93	0.63	0.77	0.42	0.72	0.79	0.92	0.94	0.91	0.35

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	2.5B
Other Current Liab	156.2M	165.9M	142.4M	93.9M	108.0M	69.7M
Other Liab	26.0M	73.4M	206.5M	291.1M	334.8M	351.5M
Net Tangible Assets	115.5M	1.4B	4.2B	3.6B	4.1B	4.4B
Retained Earnings	(2.4B)	(3.1B)	(4.5B)	(6.6B)	(5.9B)	(5.6B)
Accounts Payable	92.3M	191.9M	322.6M	220.8M	253.9M	266.6M
Cash	2.5B	690.6M	135.0M	205.7M	236.5M	224.7M
Other Assets	251.5M	338.2M	609.4M	837.6M	963.2M	1.0B
Long Term Debt	305.4M	197.8M	196.5M	323.0M	371.4M	390.0M
Net Receivables	92.7M	129.5M	243.8M	157.2M	180.8M	189.9M
Inventory	269.2M	645.6M	961.3M	682.6M	785.0M	824.3M
Other Current Assets	118.6M	159.0M	104.1M	139.8M	160.8M	168.9M
Total Liab	1.3B	1.7B	2.0B	1.8B	2.1B	2.2B
Short Long Term Debt	15.3M	5.1M	2.7M	59.2M	68.1M	71.5M
Total Current Assets	4.4B	3.3B	1.8B	1.5B	1.7B	1.4B
Intangible Assets	158.2M	207.7M	188.9M	84.7M	97.4M	70.2M
Common Stock	3.2M	4.7M	5.9M	6.1M	7.0M	3.7M
Net Invested Capital	4.9B	4.3B	3.1B	2.1B	2.4B	2.3B
Net Working Capital	4.0B	2.7B	822.2M	729.0M	838.3M	1.3B
Capital Stock	5.9M	6.1M	6.3M	9.3M	10.7M	6.0M

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 February 24, 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	(0.03)
	Maximum Drawdown	25.12
	Value At Risk	(7.73)
	Potential Upside	10.24

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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

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 Total Assets Over Time

Plug Power fundamental ratios Correlations

Plug Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Plug Power fundamental ratios Accounts

Price Earnings To Growth Ratio

(0.15)

Plug Power February 24, 2026 Opportunity Range

Complementary Tools for Plug Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Inventory	+ 1.0	Accounts Payable
Other Current Liab	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Inventory	+ 0.99	Total Current Liabilities
Other Assets	+ 0.99	Other Liab
Property Plant Equipment	+ 0.99	Other Liab

Other Stockholder Equity	- 0.97	Inventory
Long Term Investments	- 0.97	Retained Earnings
Property Plant Equipment	- 0.96	Other Stockholder Equity
Other Stockholder Equity	- 0.95	Accounts Payable
Property Plant Equipment	- 0.95	Retained Earnings
Other Stockholder Equity	- 0.94	Other Liab