Plug Power Inc.

Plug Power Inc.

PLUGยทNASDAQ

$3.69

-0.81%
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-2.62
Earnings Date08/10/2026
3Y+1.0%
5Y-861.0%
10Y+726.0%
3Y+125.0%
5Y+174.0%
10Y+2738.0%
3Y-14.0%
5Y+245.0%
10Y+1708.0%
Plug Power Inc.

Plug Power Inc. Profit Bridge

PLUG ยท NASDAQ
Revenue709.92M
Cost of Goods Sold (951.96M)
Gross Profit-242.04M
Operating Expenses (437.53M)
Operating Income-679.57M
Interest Expense (65.13M)
Other Income/Expense-1.01B
Pretax Income-1.69B
Income Tax (356.00K)
Net Income-1.63B
Net Income
-1.63B

Profitability Analysis

Gross Margin

-34.1%

Negative gross margin indicates the company is losing money on each saleโ€”unsustainable long-term.

Operating Margin

-95.7%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-229.8%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

Plug Power Inc. Income Statement

PLUG โ€ข NASDAQ

Plug Power Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
709.9M
628.8M
891.3M
701.4M
502.3M
-93.2M
230.2M
174.6M
132.9M
85.9M
103.3M
64.2M
26.6M
26.1M
27.6M
19.5M
12.3M
17.9M
16.3M
7.8M
GROSS PROFIT
(952M)
(1.3B)
(1.4B)
(895.8M)
(673.7M)
(376.2M)
(202.3M)
(172M)
(131.4M)
(82M)
(113.2M)
(69.1M)
(37.8M)
(40.5M)
(36.9M)
(29.5M)
(19.7M)
(32.9M)
(28.4M)
(12.5M)
-242M
-624.9M
-507.8M
-194.4M
-171.3M
-469.4M
28M
2.6M
1.6M
3.9M
-9.9M
-4.9M
-11.2M
-14.4M
-9.3M
-10M
-7.4M
-15M
-12.2M
-4.6M
OPERATING INCOME
(437.5M)
(1.4B)
(835.7M)
(485.2M)
(266M)
(114.8M)
(78M)
(72.1M)
(103.4M)
(55.5M)
(49.1M)
(33.1M)
(17.7M)
(22.3M)
(22.5M)
(40.7M)
(33.9M)
(111.4M)
(60.2M)
(53.8M)
(379.6M)
(376.1M)
(422.5M)
(363.9M)
(179.9M)
(79.3M)
(44.3M)
(38.2M)
(45M)
(34.3M)
(34.2M)
(21.8M)
(12.3M)
(14.6M)
(14.5M)
(25.6M)
(15.4M)
(28.3M)
(19.3M)
(12.3M)
(58M)
(77.2M)
(113.7M)
(99.6M)
(64.8M)
(27.8M)
(33.7M)
(33.9M)
(28.7M)
(21.2M)
(14.9M)
(6.5M)
(3.1M)
(5.4M)
(5.7M)
(12.9M)
(16.3M)
(35M)
(39.2M)
(41.6M)
-679.6M
-2B
-1.3B
-679.6M
-437.3M
-584.2M
-50M
-69.5M
-101.8M
-51.5M
-59M
-37.9M
-29M
-36.7M
-31.1M
-47.5M
-41.3M
-126.4M
-72.3M
-58.5M
PRE-TAX INCOME
(65.1M)
(46.6M)
(45.2M)
(39M)
(43.2M)
(60.5M)
(35.7M)
(22.8M)
(10.1M)
(10.7M)
(390K)
(387.3K)
(398K)
(262K)
(305K)
(305K)
(1.1M)
(400.7K)
(580K)
(170.8K)
-45.7M
-15.9M
10.6M
-1.8M
-39.2M
-59.7M
-35.7M
-22.8M
-10.1M
-10.7M
-349K
364.7K
-248K
-35.8K
226K
569.9K
774.3K
-400.7K
11.8M
8.2M
(0.0)
(941.6M)
(299.5M)
(21.7M)
(21.4M)
(7.6M)
(0.0)
(0.0)
-15.2M
(0.0)
(0.0)
-52.3M
-37.1M
(4.8M)
(2.3M)
(2.3M)
(2.1M)
(48.1M)
(1.6M)
(0.0)
-1B
-87.7M
-32.7M
-43.6M
-38.8M
-42.8M
-36.1M
-17.8M
-25.3M
-6.4M
3.3M
-50.9M
-34.1M
4.8M
3.7M
-3.8M
562.2K
4.7M
11.8M
8.2M
-1.7B
-2.1B
-1.4B
-723.2M
-476.2M
-627M
-85.5M
-87.3M
-127.1M
-57.9M
-55.7M
-88.8M
-63.1M
-31.9M
-27.5M
-47M
-40.7M
-121.7M
-60.6M
-50.3M
NET INCOME
(356K)
-2.7M
-7.4M
(839K)
-16.2M
-30.8M
(35.5M)
-9.2M
-392K
-392K
(390K)
-325K
-410K
(262K)
(0.0)
(305K)
(0.0)
(0.0)
(0.0)
(0.0)
-1.6B
-2.1B
-1.4B
-724M
-460M
-596.2M
-85.5M
-78.1M
-127.1M
-57.5M
-55.7M
-88.5M
-62.7M
-31.9M
-27.5M
-47M
-40.7M
-121.7M
-60.6M
-50.3M

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