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Plug Power Inc Stock Research

PLUG

7.74USD-0.35(-4.33%)Delayedas of 21 Sep 2023, 12:40 pm
Watchlist

Market Summary

USD7.74-0.35
Delayedas of 21 Sep 2023, 12:40 pm
-4.33%

PLUG Alerts

  • Big jump in Revenue (Y/Y)
  • Big fall in earnings (Y/Y)
  • Losses in recent quarter

PLUG Stock Price

PLUG RSI Chart

PLUG Valuation

Market Cap

4.8B

Price/Earnings (Trailing)

-5.78

Price/Sales (Trailing)

5.5

EV/EBITDA

-5.63

Price/Free Cashflow

-2.94

PLUG Price/Sales (Trailing)

PLUG Profitability

Operating Margin

-29.63%

EBT Margin

-100.41%

Return on Equity

-19.74%

Return on Assets

-13.69%

Free Cashflow Yield

-34.03%

PLUG Fundamentals

PLUG Revenue

Revenue (TTM)

879.8M

Revenue Y/Y

72%

Revenue Q/Q

23.73%

PLUG Earnings

Earnings (TTM)

-837.2M

Earnings Y/Y

-36.41%

Earnings Q/Q

-14.44%

Price Action

52 Week Range

7.3925.50
(Low)(High)

Last 7 days

-1.5%

Last 30 days

-8.5%

Last 90 days

-16.4%

Trailing 12 Months

-68.9%

PLUG Financial Health

Current Ratio

4.39

PLUG Investor Care

Shares Dilution (1Y)

3.46%

Diluted EPS (TTM)

-1.43

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for PLUG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-07-31
Hull Martin Daniel
acquired
-
-
35,000
corporate controller and cao
2023-07-03
WILLIS GARY K
acquired
15,003
10.39
1,444
-
2023-07-03
MCNAMEE GEORGE C
acquired
24,374
10.39
2,346
-
2023-07-03
Silver Jonathan M
acquired
20,000
10.39
1,925
-
2023-07-03
BUA JEAN A
acquired
10,629
10.39
1,023
-
2023-07-03
Kenausis Gregory
acquired
17,060
10.39
1,642
-
2023-07-03
HELMER MAUREEN O
acquired
13,746
10.39
1,323
-
2023-07-03
Mahtani Kavita
acquired
9,995
10.39
962
-
2023-06-27
Mahtani Kavita
acquired
-
-
12,149
-
2023-06-27
HELMER MAUREEN O
acquired
-
-
12,149
-

1–10 of 50

Which funds bought or sold PLUG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-13
CGC Financial Services, LLC
new
-
571
571
-%
2023-09-12
Farther Finance Advisors, LLC
added
165
460
800
-%
2023-09-12
Prosperity Wealth Management, Inc.
sold off
-100
-198,713
-
-%
2023-09-12
DAVIDSON KEMPNER CAPITAL MANAGEMENT LP
sold off
-100
-1,172,000
-
-%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
unchanged
-
-94.00
738
-%
2023-08-25
Gould Capital, LLC
unchanged
-
-240
1,870
-%
2023-08-24
Alberta Investment Management Corp
unchanged
-
-13,965
109,095
-%
2023-08-23
WOLVERINE TRADING, LLC
added
92.57
426,370
1,025,370
-%
2023-08-22
COMERICA BANK
new
-
-
-
-%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
new
-
657,687
657,687
0.01%

1–10 of 44

Latest Funds Activity

Are funds buying PLUG calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own PLUG
No. of Funds

Schedule 13G FIlings of Plug Power

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
8.90%
51,870,529
SC 13G/A
Jan 25, 2023
blackrock inc.
8.7%
50,846,270
SC 13G/A
May 11, 2022
grove energy capital llc
9.5%
54,966,188
SC 13D/A
May 09, 2022
blackrock inc.
10.1%
58,138,014
SC 13G
Feb 03, 2022
blackrock inc.
8.3%
48,032,562
SC 13G/A
Mar 08, 2021
grove energy capital llc
9.6%
54,966,188
SC 13D
Feb 16, 2021
d. e. shaw & co, l.p.
3.6%
16,137,926
SC 13G/A
Feb 10, 2021
vanguard group inc
9.14%
40,465,986
SC 13G
Jan 27, 2021
blackrock inc.
10.7%
47,161,335
SC 13G/A
Nov 02, 2020
d. e. shaw & co, l.p.
5.0%
20,265,341
SC 13G

Recent SEC filings of Plug Power

View All Filings
Date Filed Form Type Document
Aug 30, 2023
8-K
Current Report
Aug 29, 2023
S-8
Employee Benefits Plan
Aug 29, 2023
S-8
Employee Benefits Plan
Aug 23, 2023
8-K
Current Report
Aug 09, 2023
10-Q
Quarterly Report
Aug 09, 2023
8-K
Current Report
Aug 02, 2023
4
Insider Trading
Aug 02, 2023
8-K/A
Current Report
Jul 18, 2023
3
Insider Trading
Jul 18, 2023
3
Insider Trading

Peers (Alternatives to Plug Power)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
85.6B
22.0B
-0.51% 55.02%
31.59
3.88
11.48% 17.16%
56.0B
16.4B
3.10% 26.34%
4.24
3.41
10.61% 318.06%
34.9B
6.4B
-2.08% 27.81%
28.26
5.44
8.50% 12.86%
18.1B
5.2B
1.03% 38.67%
33.07
3.57
12.87% 23.98%
MID-CAP
6.8B
4.0B
-5.13% -39.93%
36.4
1.69
-9.27% -65.68%
5.2B
4.1B
2.89% 1.62%
13.79
1.29
4.21% 3.22%
4.8B
879.8M
-8.48% -68.88%
-5.78
5.5
47.16% -33.02%
3.0B
1.3B
-0.14% -39.75%
-11.49
2.26
33.92% 17.86%
SMALL-CAP
1.2B
1.5B
0.19% 20.41%
-10.64
0.78
149.77% -229.20%
961.9M
452.0M
14.24% 71.33%
23.77
2.13
18.97% 49.93%
952.7M
875.7M
-1.59% -19.52%
7.41
1.09
-39.21% -74.32%
941.4M
653.3M
2.92% 247.75%
25.56
1.44
30.84% 345.91%
213.9M
113.6M
-16.54% 50.80%
-6.74
1.88
-38.89% 13.45%
60.3M
-
-3.70% -21.74%
-7.17
366.22
-64.73% -34.35%

Plug Power News

InvestorsObserver
Plug Power Inc (PLUG) is down 1.48% Thursday In Premarket Trading.
InvestorsObserver,
4 hours ago
Marketscreener.com
The Motley Fool
InvestorPlace
The Motley Fool
Plug Power Stock: Buy, Sell, or Hold?.
The Motley Fool,
2 days ago

Returns for PLUG

Cumulative Returns on PLUG

30.4%


10-Year Cumulative Returns

25.2%


7-Year Cumulative Returns

33.6%


5-Year Cumulative Returns

-15.8%


3-Year Cumulative Returns

Risks for PLUG

What is the probability of a big loss on PLUG?

100%


Probability that Plug Power stock will be more than 20% underwater in next one year

92.7%


Probability that Plug Power stock will be more than 30% underwater in next one year.

90%


Probability that Plug Power stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PLUG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Plug Power was unfortunately bought at previous high price.

Drawdowns

Financials for Plug Power

Income Statement (Last 12 Months)
Income Statement (Last 12 Months)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue14.1%879,838,000770,923,000701,440,000642,604,000597,898,000571,188,000502,342,000649,536,000612,662,000556,100,000524,961,000307,469,000259,813,000249,284,000229,975,000197,771,000191,544,000169,307,000174,215,000148,475,000129,903,000
Cost Of Revenue15.5%1,153,918,000999,325,000895,796,000844,244,000784,553,000765,676,000673,652,000565,312,000497,968,000336,516,000376,179,000---219,327,000----153,113,000158,360,000
Gross Profit-20.0%-274,080,000-228,402,000-194,356,000-201,640,000-186,655,000-194,488,000-171,310,000-514,661,000-512,167,000-471,884,000-469,416,000-30,556,0002,528,0008,685,00010,648,0007,409,0007,318,000-1,134,0002,622,000-2,542,000-26,361,000
Operating Expenses7.9%563,041,000521,786,000485,194,000444,918,000398,820,000333,715,000266,014,000199,695,000157,836,000135,014,000114,786,00082,981,00071,213,00061,917,00058,261,00060,832,00063,928,00067,375,00072,105,00071,739,00071,656,000
  S&GA Expenses1.3%392,257,000387,056,000363,929,000335,621,000292,464,000235,163,000179,852,000136,037,000110,826,00093,818,00079,348,00059,936,00053,121,00045,090,00043,202,00041,712,00039,969,00038,597,00037,685,00037,628,00038,511,000
  R&D Expenses5.4%111,347,000105,653,00099,579,00099,262,00087,791,00075,481,00064,762,00048,438,00039,190,00032,816,00027,848,00021,915,00018,092,00016,827,00015,059,000-2,550,0002,289,0007,108,00012,750,00034,111,00033,145,000
EBITDA100.0%--695,709,000-653,730,000-644,389,000-582,637,000-513,038,000-412,037,000-690,065,000-645,755,000-609,887,000-587,048,000-90,179,000-56,795,000-58,137,000-58,588,000------
EBITDA Margin100.0%--0.90-0.93-1.00-0.97-0.90-0.82-1.52-1.60-1.10-1.12-0.29-0.22-0.23-0.26------
Interest Expenses0.2%41,101,00041,039,00039,037,00038,537,00039,029,00039,540,00043,225,00077,095,00084,831,00086,485,00060,510,00046,278,00029,030,00019,477,00019,180,00011,392,00016,815,00015,361,00013,057,00012,924,0009,858,000
Earnings Before Taxes-8.3%-838,539,000-774,097,000-723,169,000-708,124,000-645,558,000-572,319,000-476,162,000-757,986,000-723,176,000-650,314,000-627,000,000-154,101,000-100,062,000-90,628,000-83,743,000-91,761,000-91,220,000-102,662,000-94,903,000-88,288,000-111,990,000
EBT Margin100.0%--1.00-1.03-1.10-1.08-1.00-0.95-1.67-1.79-1.17-1.19-0.50-0.40-0.38-0.39------
Net Income-8.2%-837,182,000-774,080,000-724,008,000-693,457,000-629,370,000-555,708,000-459,965,000-751,156,000-709,702,000-619,469,000-596,155,000-130,086,000-82,691,000-90,628,000-83,743,000-90,047,000-87,790,000-96,320,000-85,608,000-80,707,000-106,125,000
Net Income Margin100.0%--1.00-1.03-1.08-1.05-0.97-0.92-1.65-1.75-1.11-1.14-0.42-0.32-0.36-0.37------
Free Cashflow100.0%--1,422,381,000-1,265,210,000-930,059,000-813,596,000-691,677,000-530,342,000-450,116,000-340,799,000-242,095,000-178,026,000-170,736,000-123,931,000-84,749,000-59,007,000------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-1.3%5,5835,6545,7645,8595,7345,8045,9505,7405,7895,7862,2511,356899631660470397361390319276
  Current Assets-12.1%2,6172,9773,3053,6523,8944,1004,4494,7884,9665,0961,603778395277314197153167156124118
    Cash Equivalents22.0%5794756911,7482,9623,1793,1323,8533,5904,6931,63444815274.0037043.0020.0039.0011062.0055.00
  Inventory16.6%90477664651643033326923021018813913411593.0072.0081.0073.0065.0048.0053.0042.00
  Net PPE21.4%1,062875720607431325256170110-75.0065.0060.0017.0015.0015.0014.0014.00---
  Goodwill0.0%25025024923123523213.0072.0072.0072.0072.0072.0070.009.009.009.009.009.009.009.009.00
Liabilities6.5%1,8441,7321,7041,6351,3961,3281,3441,033958867784770664526528463381336356304249
  Current Liabilities22.2%82867863559942835842127025119222225218813413411393.0085.00146117110
    LT Debt, Current-90.2%1.005.005.001.001.004.0015.0023.0030.0021.0025.0075.0051.0028.0026.0017.0016.0013.0017.0011.0011.00
    LT Debt, Non Current------------------73.000.009.0015.00
Shareholder's Equity-4.7%3,7393,9224,0604,2244,3394,4764,6064,7074,8314,9191,467586235104130---3.0014.0026.00
  Retained Earnings-7.1%-3,563-3,327-3,120-2,897-2,726-2,553-2,396-2,203-2,097-1,99710.00-1,462-1,397-1,387-1,350-1,332-1,314-1,297-1,260-1,243-1,224
  Additional Paid-In Capital0.7%7,4107,3617,2977,2457,1637,1167,0716,9786,9636,9501302,0831,6581,5191,5071,3411,3251,3171,2901,2841,277
Accumulated Depreciation------------21.0019.0018.0017.00------
Shares Outstanding1.5%598589-578578578-575567513-371317305260237231221219219221
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-17.1%-1,048-895-828-531-516-451-358-347-290-212-155-155-116-78.00-53.30-70.85-61.50-70.02-58.35-20.53-47.03
  Share Based Compensation-2.8%17518018017714411076.0043.0032.0024.0017.0012.0012.0011.0011.0010.0010.009.009.008.009.00
Cashflow From Investing60.4%-339-857-679-747-70.31-1,048-1,740-1,037-1,444-507-95.33-76.99-64.48-18.32-14.24-11.01-9.53-17.54-19.57-33.60-40.18
Cashflow From Financing59.4%-21.14-52.08-77.50-25.30-40.23-14.833,5984,5074,9415,1051,51676642929432721815110812060.0088.00

PLUG Income Statement

2023-06-30
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net revenue:    
Net revenue$ 260,182$ 151,267$ 470,468$ 292,070
Cost of revenue:    
Provision for loss contracts related to service7,3311,06814,2203,116
Total cost of revenue338,325183,732618,007359,885
Gross loss(78,143)(32,465)(147,539)(67,815)
Operating expenses:    
Research and development29,25123,55755,78644,018
Selling, general and administrative101,15495,953205,170176,842
Impairment9,986 11,069 
Change in fair value of contingent consideration15,308(5,066)24,077(2,605)
Total operating expenses155,699114,444296,102218,255
Operating loss(233,842)(146,909)(443,641)(286,070)
Interest income16,3913,83834,0235,892
Interest expense(11,265)(11,203)(21,915)(19,851)
Other expense, net(5,082)(2,456)(9,853)(3,765)
Realized gain/(loss) on investments, net264(468)263(1,315)
Change in fair value of equity securities3,842(13,484)8,917(18,643)
Loss on equity method investments(7,623)(2,191)(12,940)(6,024)
Loss before income taxes(237,315)(172,873)(445,146)(329,776)
Income tax (benefit) expense(917)423(2,187)9
Net loss$ (236,398)$ (173,296)$ (442,959)$ (329,785)
Net loss per share:    
Net loss per share, basic$ (0.40)$ (0.30)$ (0.75)$ (0.57)
Net loss per share, diluted$ (0.40)$ (0.30)$ (0.75)$ (0.57)
Weighted average number of common stock outstanding, basic598,053,390578,043,278593,653,720578,217,636
Weighted average number of common stock outstanding, diluted598,053,390578,043,278593,653,720578,217,636
Sales of equipment, related infrastructure and other    
Net revenue:    
Net revenue$ 216,286$ 116,233$ 398,380$ 225,080
Cost of revenue:    
Cost of revenue187,40894,153345,728182,981
Services performed on fuel cell systems and related infrastructure    
Net revenue:    
Net revenue8,7018,82217,79817,062
Cost of revenue:    
Cost of revenue23,44911,61235,67025,487
Power purchase agreements    
Net revenue:    
Net revenue16,13011,16924,06721,206
Cost of revenue:    
Cost of revenue53,97634,892100,79266,645
Fuel delivered to customers and related equipment    
Net revenue:    
Net revenue17,87814,47228,02027,900
Cost of revenue:    
Cost of revenue64,45041,607118,95180,879
Other    
Net revenue:    
Net revenue1,1875712,203822
Cost of revenue:    
Cost of revenue$ 1,711$ 400$ 2,646$ 777

PLUG Balance Sheet

2023-06-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 579,418$ 690,630
Restricted cash173,449158,958
Available-for-sale securities, at fair value (amortized cost of $452,814 and allowance for credit losses of $0 at June 30, 2023 and amortized cost of $1,355,614 and allowance for credit losses of $0 at December 31, 2022437,6511,332,943
Equity securities67,753134,836
Accounts receivable216,645129,450
Inventory904,288645,636
Contract assets98,50262,456
Prepaid expenses and other current assets139,537150,389
Total current assets2,617,2433,305,298
Restricted cash800,458699,756
Property, plant, and equipment, net1,061,810719,793
Right of use assets related to finance leases, net56,33653,742
Right of use assets related to operating leases, net396,448360,287
Equipment related to power purchase agreements and fuel delivered to customers, net104,02689,293
Contract assets26,08341,831
Goodwill249,965248,607
Intangible assets, net199,083207,725
Investments in non-consolidated entities and non-marketable equity securities63,45731,250
Other assets8,3686,694
Total assets5,583,2775,764,276
Current liabilities:  
Accounts payable220,470191,895
Accrued expenses166,315156,430
Deferred revenue and other contract liabilities165,114131,813
Operating lease liabilities57,95348,861
Finance lease liabilities8,9018,149
Finance obligations75,32158,925
Current portion of long-term debt5135,142
Contingent consideration, loss accrual for service contracts, and other current liabilities133,23134,060
Total current liabilities827,818635,275
Deferred revenue and other contract liabilities86,62298,085
Operating lease liabilities290,281271,504
Finance lease liabilities37,80437,988
Finance obligations301,488270,315
Convertible senior notes, net194,584193,919
Long-term debt3,6773,925
Contingent consideration, loss accrual for service contracts, and other liabilities101,918193,051
Total liabilities1,844,1921,704,062
Stockholders' equity:  
Common stock, $0.01 par value per share; 1,500,000,000 shares authorized; Issued (including shares in treasury): 620,088,507 at June 30, 2023 and 608,421,785 at December 31, 20226,2016,084
Additional paid-in capital7,409,7337,297,306
Accumulated other comprehensive loss(13,764)(26,004)
Accumulated deficit(3,563,870)(3,120,911)
Less common stock in treasury: 18,285,263 at June 30, 2023 and 18,076,127 at December 31, 2022(99,215)(96,261)
Total stockholders' equity3,739,0854,060,214
Total liabilities and stockholders' equity$ 5,583,277$ 5,764,276
Andrew J. Marsh
2450
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the mobility, material handling, and stationary power markets in North America and internationally. It focuses on 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 service program for GenDrive and GenSure fuel cells, GenFuel hydrogen storage and dispensing products, and ProGen 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 Electrolyzer, a hydrogen generator optimized for clean hydrogen production. The company offers its products to retail distribution and manufacturing businesses through a direct product sales force, original equipment manufacturers, and dealer networks. It has a strategic partnership with Airbus SE to decarbonize air travel and airport operations with green hydrogen; and Fortescue Future Industries to manufacture electrolyzer technology in Australia. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.