PLUGPlug Power Inc.

$2.25

Price

$2.25+36%1Y
1M+8.7%1Y+36%

Prices are end-of-day closes. This is a research view, the focus is on the fundamentals, quality and valuation below, not intraday price.

Smart Score

Below average
3/10
Value29
Quality3
Momentum79
Growth74
Strongest Momentum, weakest Quality · ranked vs Industrials peers. The five questions below judge the company on its own terms.
What they do

Plug is building an end-to-end clean hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cells, the Company has deployed more than 74,000 fuel cell systems, primarily through material handling applications, and operates more than 275 fueling stations.

In the company’s own words · 10-K filed Mar 2, 2026 · SEC EDGAR

P/E (TTM)-
Market Cap$3.59B
1Y Return+36%
5Y Return-92%

Business segments

Q2 2026 · $178.3M

The company’s own SEC segment disclosure.

  • Fuel Delivered To Customers And Related Equipment$39.5M22%
  • Sales Of Fuel Cell Systems$31.9M18%
  • Services Performed On Fuel Cell Systems And Related Infrastructure$29.8M17%
  • Power Purchase Agreements$26.9M15%
  • Sale Of Cryogenic Equipment$26.7M15%
  • Sale Of Electrolyzers$13.2M7%
  • Other (3)$10.2M6%

Plug Power Inc. (PLUG) reported revenue of $178M in Q2 2026 (quarter ended Jun 30, 2026), up 2.5% from the same quarter a year earlier. That came with a gross margin of −0.9% and net loss of $188M. For the full year FY2025, revenue was $710M (+13% year on year) and net income −$1.63B. Its largest product in Q2 2026 was Fuel Delivered To Customers And Related Equipment at $39M, 22% of the disclosed total, just ahead of Sales Of Fuel Cell Systems at 18%.

Raw charts

10 series · TTM

As reported to the SEC, without any scoring.