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Nasdaq · CIK 0001093691 · ELECTRICAL INDUSTRIAL APPARATUS

Plug Power Inc.

PLUG chart by TradingView
P/E P/B 4.2xP/SALES 4.2xEV/EBITDA FCF YIELD -20.81%

PRICE HISTORY

LIVE · NASDAQ
PLUG chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$0.7B
EBITDA
$-1.4B
FREE CASH FLOW
$-0.6B
EPS
$-1.42
GROSS MARGIN
-34.09%
ROIC
Q1 FY26ENDED MAR 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

P / SALES (TTM)

4.2x
+30%
LATEST · Q1 FY26
4.2xQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
-3502.0x468.2x

P / BOOK

4.2x
-27%
LATEST · Q1 FY26
4.2xQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
0.6x8.2x

EV / EBITDA (TTM)

LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

EV / REVENUE (TTM)

-7%
LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
-2936.6x361.4x

FCF YIELD (TTM)

-20.81%
-12.9pp
LATEST · Q1 FY26
-20.81%Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
-84.10%-1.32%

DIVIDEND YIELD (TTM)

LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$0.2B
+699%
LATEST · Q1 FY26
0.2BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

EBITDA (DERIVED)

$-0.1B
$0.1B
LATEST · Q1 FY26
-0.1BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

NET INCOME

$-0.2B
$0.2B
LATEST · Q1 FY26
-0.2BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

EPS (DILUTED)

$-0.18
$0.11
LATEST · Q1 FY26
-0.18Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

REVENUE GROWTH YOY

22.32%
+37.1pp
LATEST · Q1 FY26
22.32%Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
-438.18%157.30%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

-93.23%
-46.9pp
LATEST · Q1 FY26
-93.23%Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
-248.37%85.40%

RETURN ON CAPITAL

-41.5pp
LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
-496.43%451.25%

RETURN ON EQUITY (TTM)

-224.09%
-166.6pp
LATEST · Q1 FY26
-224.09%Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
-560.27%-9.99%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN-13.21%
OPERATING MARGIN-66.96%
NET MARGIN-150.02%
FCF MARGIN-93.23%
242.03-14.20-270.42-526.64-782.87GROSSOPERNETFCFQ2 FY16Q2 FY17Q2 FY18Q2 FY19Q2 FY20Q2 FY21Q2 FY22Q2 FY23Q2 FY24Q2 FY25Q1 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$-0.2B
$0.1B
LATEST · Q1 FY26
-0.2BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

STOCK-BASED COMP

$0.0B
+545%
LATEST · Q1 FY26
0.0BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

CAPITAL EXPENDITURE

$0.0B
+278%
LATEST · Q1 FY26
0.0BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

SHARES OUTSTANDING

1.39B
+486%
LATEST · Q1 FY26
1.39BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

DIVIDEND / SHARE

LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$0.2B
+238%
LATEST · Q1 FY26
0.2BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

TOTAL DEBT

-99%
LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

DEBT / EBITDA (TTM)

LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 73.65%INSIDERS 4.54%OTHER / RETAIL 21.81%657 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Blackrock Inc.10.90%152.1M$331.6M+29.8%
Vanguard Capital Management LLC4.48%62.6M$136.4MNEW
Vanguard Portfolio Management LLC4.27%59.6M$129.9MNEW
Shaw D.E. & Co., Inc.3.51%49.0M$106.7M+121.4%
UBS Group AG2.98%41.6M$90.7M+63.3%
State Street Corporation2.62%36.5M$79.7M+13.3%
Geode Capital Management, LLC2.49%34.7M$75.7M+11.0%
Renaissance Technologies, LLC1.99%27.7M$60.5M+97.4%
Two Sigma Investments, LP1.96%27.4M$59.7M-3.4%
Handelsbanken Fonder AB1.36%19.0M$41.5M+446.9%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.