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Plug Power Inc. (PLUG)

3.5200 +0.4000 (+12.82%)
At close: May 11 at 4:00:00 PM EDT
3.9200 +0.4000 (+11.36%)
Pre-Market: 8:10:45 AM EDT
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PLUG Q1 2026 earnings call
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News headlines Plug Power reported strong Q1 2026 results with 22% revenue growth year-over-year to $163.5 million, significantly beating estimates. The company aims for positive EBITDA by Q4 2026, driven by cost reductions and project advancements.

Plug Power reported strong Q1 2026 results with 22% revenue growth year-over-year to $163.5 million, significantly beating estimates. The company aims for positive EBITDA by Q4 2026, driven by cost reductions and project advancements.

Updated 4m ago · Powered by Yahoo Scout
  • Previous Close 3.1200
  • Open 3.0900
  • Bid 3.0100 x 100
  • Ask 3.9800 x 100
  • Day's Range 3.0500 - 3.6350
  • 52 Week Range 0.6900 - 4.5800
  • Volume 148,994,237
  • Avg. Volume 78,864,311
  • Market Cap (intraday) 4.91B
  • Beta (5Y Monthly) --
  • PE Ratio (TTM) --
  • EPS (TTM) -1.4200
  • Earnings Date (est.) Aug 10, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 2.83

Plug Power Inc. designs, develops, and sells hydrogen products and solutions in Europe, Australia, North America, and internationally. The company offers GenDrive, a hydrogen fueled PEM fuel cell system, which powers material handling EVs, including Class 1, 2, 3 and 6 electric forklifts, automated guided vehicles, and ground support equipment; GenFuel, a liquid hydrogen fueling, delivery, generation, storage, and dispensing system; and GenCare, an Internet of Things based maintenance and on-site service program. It also provides GenKey, a turn-key solution; GenEco electrolyzers for clean hydrogen production; liquefaction systems; cryogenic equipment, such as trailers and mobile storage equipment for the distribution of liquified hydrogen, oxygen, argon, nitrogen, and other cryogenic gases; GenSure, a stationary fuel cell solution; and liquid hydrogen. The company serves customers in material handling operations, fuel cell electric vehicle fleets, and stationary power applications through its direct sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was incorporated in 1997 and is based in Slingerlands, New York.

www.plugpower.com

2,344

Full Time Employees

December 31

Fiscal Year Ends

Performance Overview: PLUG

Trailing total returns as of 5/11/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

PLUG
78.68%
S&P 500 (^GSPC)
8.29%

1-Year Return

PLUG
309.30%
S&P 500 (^GSPC)
30.97%

3-Year Return

PLUG
53.99%
S&P 500 (^GSPC)
79.46%

5-Year Return

PLUG
85.08%
S&P 500 (^GSPC)
78.53%

Earnings Trends: PLUG

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q1 FY26
Revenue 163.51M
Earnings -245.3M

Q2

FY25

Q3

FY25

Q4

FY25

Q1

FY26

-200M
-100M
0
100M
200M
 

Analyst Insights: PLUG

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Top Analyst

HC Wainwright & Co.
63/100
Latest Rating
Buy
 

Analyst Price Targets

0.75 Low
2.83 Average
3.5200 Current
7.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 4/29/2026
Analyst Clear Street
Rating Action Maintains
Rating Buy
Price Action Raises
Price Target 3 -> 3.5
 

Statistics: PLUG

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Valuation Measures

Annual
As of 5/8/2026
  • Market Cap

    4.35B

  • Enterprise Value

    4.98B

  • Trailing P/E

    --

  • Forward P/E

    --

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    5.04

  • Price/Book (mrq)

    4.45

  • Enterprise Value/Revenue

    7.02

  • Enterprise Value/EBITDA

    --

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    -227.13%

  • Return on Assets (ttm)

    -13.57%

  • Return on Equity (ttm)

    -128.79%

  • Revenue (ttm)

    739.76M

  • Net Income Avi to Common (ttm)

    -1.68B

  • Diluted EPS (ttm)

    -1.4200

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    223.19M

  • Total Debt/Equity (mrq)

    130.53%

  • Levered Free Cash Flow (ttm)

    -421.78M

Compare To: PLUG

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Company Insights: PLUG

Fair Value

3.5200 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

Research Reports: PLUG

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  • Plug Power: Dropping Coverage

    Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.

    Rating
    Price Target
     
  • Plug Power: Dropping Coverage

    Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.

    Rating
    Price Target
     
  • Plug Power: Dropping Coverage

    Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.

    Rating
    Price Target
     
  • Plug Power: Dropping Coverage

    Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.

    Rating
    Price Target
     

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