Plug Power Inc.

Plug Power Inc.

PLUGยทNASDAQ

$3.69

-2.4%
IndustrialsElectrical Equipment & Parts

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. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. The company provides proton exchange membrane (PEM), fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. It has strategic agreements with Airbus; Lhyfe; Edison Motors; Phillips 66; Apex Clean Energy; BAE Systems; and Universal Hydrogen Co. The company was founded in 1997 and is headquartered in Latham, New York.

At a Glance

Live Snapshot
Market Cap$4.23B
EPS-1.4100
P/E Ratio-1.40
Earnings Date08/10/2026
3Y-55.0%
5Y+91.0%
10Y+977.0%
3Y-7.0%
5Y+107.0%
10Y+922.0%
3Y-75.0%
5Y+71.0%
10Y+1079.0%
plug

Plug Power Inc. Funding & Solvency Profile

PLUG ยท NASDAQ
Cash & Cash Equivalents555.29M
Net Receivables240.03M
Inventory520.97M
Other Current Assets93.99M
Total Current Assets1 B
Property, Plant & Equipment630.99M
Goodwill & Intangible Assets29.23M
Long-Term Investments485.61M
Other Non-Current Assets38.48M
Total Non-Current Assets1 B
Total Assets
2.59B

Financial Health Analysis

Current Ratio

2.31x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

1.59x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

800 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

54% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

Plug Power Inc. Balance Sheet

PLUG โ€ข NASDAQ

Plug Power Inc. Balance SheetDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
ASSETS
CURRENT ASSETS
555.3M
205.7M
135M
690.6M
2.5B
448.1M
139.5M
38.6M
24.8M
46M
64M
146.2M
5M
9.4M
13.9M
11M
14.6M
80.8M
12.1M
26.9M
0.0
0.0
0.0
1.5B
1.4B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
10.4M
107.3M
76.5M
153.6M
242.2M
555.3M
205.7M
135M
2.2B
3.9B
448.1M
139.5M
38.6M
24.8M
46M
64M
146.2M
5M
9.4M
13.9M
21.4M
121.9M
157.3M
165.7M
269.1M
240M
251.3M
370.1M
191.9M
131.3M
113.5M
45.8M
37.3M
24.2M
11.9M
22.7M
17.7M
6.8M
4M
13.4M
4.2M
2M
2.2M
4.6M
892.6K
240M
157.2M
243.8M
129.5M
92.7M
113.5M
45.8M
37.3M
24.2M
11.9M
22.7M
17.7M
6.8M
4M
13.4M
4.2M
2M
2.2M
4.3M
892.6K
0.0
94.1M
126.2M
62.5M
38.6M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
270.6K
0.0
521M
682.6M
961.3M
645.6M
269.2M
134.2M
72.4M
47.9M
48.8M
29.9M
32.8M
24.7M
10.4M
8.6M
10.4M
10.5M
6.4M
6.3M
5.8M
5.6M
0.0
0.0
104.1M
147.4M
59.9M
26.7M
31.4M
14.4M
7.9M
11.8M
7.9M
5.7M
1.9M
2M
1.9M
1.6M
3.2M
2.4M
2.7M
3.7M
94M
337.9M
216.6M
162M
118.6M
55.7M
24.2M
17.4M
13.9M
11.2M
4M
-1.6M
-2.1M
0.0
0.0
1M
0.0
0.0
0.0
0.0
1.4B
1.5B
1.8B
3.3B
4.4B
778.3M
313.3M
155.6M
119.6M
110.9M
131.2M
192.7M
23.7M
23.9M
39.5M
38.7M
133.5M
168.1M
178.8M
279.3M
NON-CURRENT ASSETS
631M
1.3B
2B
1.2B
573.6M
229.2M
259.7M
159.6M
97.5M
62.3M
8.9M
7.2M
7.7M
9.7M
8.7M
9.8M
14.3M
17.8M
21.1M
18M
0.0
0.0
0.0
248.6M
220.4M
71.8M
8.8M
9M
9.4M
8.3M
8.5M
0.0
0.0
0.0
636.0
-9.9B
0.0
0.0
51.4M
10.4M
29.2M
84.7M
188.9M
207.7M
158.2M
39.6M
5.5M
3.9M
3.8M
3.9M
4.6M
1.5M
2.9M
5.3M
7.5M
9.9B
11.8M
12.8M
17M
0.0
29.2M
84.7M
188.9M
456.3M
378.6M
111.4M
14.4M
12.9M
13.2M
12.2M
13.1M
1.5M
2.9M
5.3M
7.5M
9.9M
11.8M
12.8M
68.4M
10.4M
485.6M
85.5M
63.8M
31.3M
12.9M
1M
0.0
0.0
0.0
0.0
43.8M
0.0
0.0
0.0
0.0
263.2K
2.3M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-43.8M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
38.5M
674.9M
858.4M
748.3M
536.5M
236.2M
183.8M
62.2M
40.5M
55.4M
56.2M
4.4M
1M
570.7K
0.0
525K
2.3M
10.4M
130.9K
201.9K
1.2B
2.1B
3.1B
2.5B
1.5B
577.8M
457.8M
234.7M
151.2M
129.9M
78.2M
13.1M
11.6M
15.5M
16.2M
20.5M
30.7M
41M
89.6M
28.6M
2.6B
3.6B
4.9B
5.8B
6B
1.4B
771.2M
390.3M
270.8M
240.8M
209.5M
205.9M
35.4M
39.5M
55.7M
59.2M
164.2M
209.1M
268.4M
307.9M
LIABILITIES
CURRENT LIABILITIES
193.4M
245M
257.8M
207M
139.6M
58.8M
39.8M
34.8M
42.4M
36.7M
20.5M
10.2M
3.1M
3.6M
4.7M
3.6M
2.9M
3.3M
4.6M
2M
168.7M
220.8M
257.8M
191.9M
129M
58.8M
39.8M
34.8M
42.4M
32.1M
20.5M
10.2M
3.1M
3.6M
4.7M
3.6M
2.9M
3.3M
4.6M
2M
24.7M
24.2M
0.0
15.1M
10.6M
0.0
0.0
0.0
0.0
4.6M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
34.2M
133M
32.6M
121.5M
71.7M
37.9M
2.9M
2.2M
1.5M
4.7M
3.9M
7.6M
1.8M
3.8M
3.2M
4.3M
5.8M
9.9M
5.5M
2.6M
160.7M
59.2M
159.9M
5.1M
15.3M
74.8M
50.9M
16.8M
53.3M
17.8M
0.0
0.0
0.0
3.4M
5.4M
10K
59.8M
62.9M
0.0
0.0
0.0
167.2M
157.2M
115.9M
77.6M
42.3M
38.6M
74.3M
0.0
14.8M
0.0
587K
717.9K
650.4K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
24.2M
17.2M
15.1M
10.6M
3.7M
905K
1.5M
1.3M
2.5M
1.5M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
66.7M
144.1M
204.1M
131.8M
116.4M
17.2M
11.7M
12.1M
8.6M
5.7M
4.5M
3.3M
3.4M
3M
5.5M
4.3M
4.6M
5.4M
3.3M
2.7M
155.5M
0.0
153.2M
53.9M
0.0
21.1M
6.8M
6.3M
10M
-13.2M
13.9M
7.3M
7M
2.7M
4.3M
2.8M
379.6K
413.8K
1.4M
5M
610.6M
748.5M
964.8M
635.3M
420.6M
252.2M
150.8M
146.4M
115.7M
66.5M
42.7M
25.7M
12.6M
17M
20.1M
15M
73.5M
81.9M
14.9M
12.3M
NON-CURRENT LIABILITIES
432.3M
323M
196.5M
197.8M
305.4M
225.5M
244.7M
63.4M
50.4M
20.8M
0.0
2.4M
2.5M
0.0
0.0
0.0
1.2M
0.0
0.0
0.0
34.2M
58.5M
84.2M
98.1M
66.7M
29.5M
23.4M
28M
25.8M
17.4M
14M
8.5M
5.6M
4.4M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.2M
31.7M
5.1M
21M
12.8M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
110M
135.8M
146.7M
193.1M
139.8M
45.2M
23.9M
123K
5.2M
11.6M
13.2M
8.5M
32M
1.7M
3.5M
1.2M
1.3M
1.3M
4.6M
1.1M
980.7M
1B
1B
1.1B
923.8M
517.6M
485.7M
241.2M
81.4M
89.3M
42M
21.9M
40.6M
7.4M
6.5M
1.2M
2.4M
1.3M
4.6M
1.1M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-100.0
-300.0
-501.0
592.0
0.0
0.0
0.0
0.0
0.0
404.1M
696.4M
769.7M
695.7M
489.5M
259.8M
205.3M
192.3M
71.6M
44.6M
14.8M
3M
3.8M
2M
0.0
0.0
0.0
0.0
0.0
0.0
1.6B
1.8B
2B
1.7B
1.3B
769.8M
636.5M
387.6M
197.2M
155.7M
84.7M
47.6M
53.2M
24.4M
26.6M
16.3M
75.9M
83.2M
19.5M
13.4M
SHAREHOLDERS' EQUITY
-2.9M
-108.8M
-106.3M
-96.3M
-72.5M
-40.4M
-31.4M
-30.6M
-3.1M
-3.1M
-2.9M
-2.7M
-1.6M
-1.6M
-1.6M
-1.7M
-1.3M
-743.6K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.2M
31.6M
709K
9.6M
1.2M
1.2M
2.4M
0.0
0.0
0.0
0.0
0.0
4K
4K
13.9M
9.3M
6.3M
6.1M
5.9M
4.1M
3.2M
2.3M
2.3M
1.9M
1.8M
1.7M
1.1M
384K
229.2K
1.3M
1.3M
1.3M
878.8K
868K
9.2B
8.4B
7.5B
7.3B
7.1B
2.1B
1.5B
1.3B
1.3B
1.1B
1.1B
1.1B
831.2M
801.8M
784.2M
769.7M
767.8M
765.3M
758.2M
751.1M
-8.2B
-6.6B
-4.5B
-3.1B
-2.4B
-1.5B
-1.3B
-1.3B
-1.2B
-1.1B
-993.9M
-938.1M
-849.4M
-786.6M
-754.8M
-727.3M
-680.4M
-639.7M
-518M
-457.4M
6.8M
-2.5M
-6.8M
-26M
-1.5M
1.8M
1.4M
1.6M
2.2M
247K
798K
897.8K
897.8K
1M
928.7K
965.9K
803.2K
-359.3K
7.8M
-70.5K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-31.6M
-709K
-9.6M
-1.2M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
978.1M
1.7B
2.9B
4.1B
4.6B
586.3M
134.7M
2.7M
73.6M
85.1M
124.7M
158.3M
-17.9M
15M
29M
42.9M
88.3M
125.9M
248.9M
294.5M
1B
1.8B
2.9B
4.1B
4.6B
586.3M
134.7M
2.7M
73.6M
85.1M
124.7M
158.3M
-17.9M
15M
29M
42.9M
88.3M
125.9M
248.9M
294.5M
25.2M
73.6M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
SUMMARY
2.6B
3.6B
4.9B
5.8B
6B
1.4B
771.2M
390.3M
270.8M
240.8M
209.5M
205.9M
35.4M
39.5M
55.7M
59.2M
164.2M
209.1M
268.4M
307.9M
485.6M
85.5M
63.8M
1.5B
1.4B
1M
0.0
0.0
0.0
0.0
43.8M
0.0
0.0
0.0
0.0
10.7M
109.6M
76.5M
153.6M
242.2M
997.2M
1.1B
1.1B
898.7M
810.1M
560.1M
526.8M
272.5M
103.7M
68.3M
14.8M
3M
3.8M
5.3M
5.4M
10K
60.9M
62.9M
0.0
0.0
441.9M
872.9M
991M
208.1M
-1.7B
112M
387.3M
233.9M
78.9M
22.3M
-49.2M
-143.2M
-1.2M
-4M
-8.5M
-10.9M
46.4M
-18M
-12.1M
-26.9M
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770
1,153,573,770

SEC Filings

PLUG - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

May 11, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 11, 2026
May 11, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 30, 2026
June 11, 2026
2026
8-K

8-K 2026

N/A

March 10, 2026
March 04, 2026
2026
10-K

10-K 2025 FY

FY

March 02, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 02, 2026
March 02, 2026
2026
8-K

8-K 2026

N/A

February 26, 2026
February 24, 2026
2026
8-K

8-K 2026

N/A

February 13, 2026
February 12, 2026
2026
8-K

8-K 2026

N/A

February 11, 2026
February 11, 2026
2026
8-K

8-K 2026

N/A

February 05, 2026
February 05, 2026
2026
Showing 1 to 10 of 564 filings