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Plug Power Inc Stock Research

PLUG

11.70USD+0.48(+4.28%)Market Closed

Market Summary

USD11.70+0.48
Market Closed
4.28%

PLUG Alerts

PLUG Stock Price

PLUG RSI Chart

PLUG Valuation

Market Cap

6.8B

Price/Earnings (Trailing)

-9.34

Price/Sales (Trailing)

9.64

EV/EBITDA

-7.98

Price/Free Cashflow

-5.35

PLUG Price/Sales (Trailing)

PLUG Profitability

Operating Margin

-27.71%

EBT Margin

-103.10%

Return on Equity

-17.83%

Return on Assets

-12.56%

Free Cashflow Yield

-18.71%

PLUG Fundamentals

PLUG Revenue

Revenue (TTM)

701.4M

Revenue Y/Y

36.34%

Revenue Q/Q

17.03%

PLUG Earnings

Earnings (TTM)

-724.0M

Earnings Y/Y

-15.84%

Earnings Q/Q

-30.87%

Price Action

52 Week Range

10.7332.05
(Low)(High)

Last 7 days

-0.8%

Last 30 days

-18.9%

Last 90 days

-5.2%

Trailing 12 Months

-57.7%

PLUG Financial Health

Current Ratio

5.2

PLUG Investor Care

Shares Dilution (1Y)

0.61%

Diluted EPS (TTM)

-1.25

Peers (Alternatives to Plug Power)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
66.1B
20.8B
-2.72% 10.77%
26.84
3.18
5.73% 14.83%
47.8B
18.5B
2.04% -12.40%
10.25
2.58
7.53% 69.43%
31.8B
6.2B
-3.20% 4.62%
27.4
5.16
10.89% 17.12%
12.6B
4.9B
-5.80% 29.85%
23.04
2.54
17.97% 43.13%
MID-CAP
6.9B
4.6B
-5.41% -65.51%
17.34
1.52
22.14% -27.43%
6.8B
701.4M
-18.92% -57.67%
-9.34
9.64
39.63% -57.41%
5.7B
4.1B
-8.43% -6.92%
15.25
1.39
13.43% 11.07%
3.5B
1.2B
-16.35% -22.03%
-11.08
2.91
23.34% -62.95%
SMALL-CAP
1.1B
1.3B
-19.38% -55.94%
2.98
0.89
-4.80% -1.38%
958.2M
1.6B
-2.73% -20.01%
-29.56
0.6
131.42% -141.26%
822.3M
420.7M
-6.30% 41.58%
23.73
1.95
28.88% 234.59%
491.4M
552.9M
-0.26% 112.02%
27.69
0.89
17.49% 1058.67%
118.5M
182.7M
-21.84% -50.18%
-2.5
0.65
9.22% -28.57%
64.1M
315.3K
-11.93% 33.79%
-9.53
203.18
34.63% -49.82%

Financials for Plug Power

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue9.2%701,440,000642,604,000597,898,000571,188,000502,342,000
Cost Of Revenue6.1%895,796,000844,244,000784,553,000765,676,000673,652,000
Gross Profit3.6%-194,356,000-201,640,000-186,655,000-194,488,000-171,310,000
Operating Expenses9.1%485,194,000444,918,000398,820,000333,715,000266,014,000
  S&GA Expenses8.4%363,929,000335,621,000292,464,000235,163,000179,852,000
  R&D Expenses0.3%99,579,00099,262,00087,791,00075,481,00064,762,000
EBITDA-1.4%-653,730,000-644,389,000-582,637,000-513,038,000-
EBITDA Margin7.1%-0.93-1.00-0.97-0.90-
Earnings Before Taxes-2.1%-723,169,000-708,124,000-645,558,000-572,319,000-476,162,000
EBT Margin6.4%-1.03-1.10-1.08-1.00-
Interest Expenses1.3%39,037,00038,537,00039,029,00039,540,00043,225,000
Net Income-4.4%-724,008,000-693,457,000-629,370,000-555,708,000-459,965,000
Net Income Margin4.4%-1.03-1.08-1.05-0.97-
Free Cahsflow-36.0%-1,265,233,000-930,059,000-813,596,000-691,677,000-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-1.6%5,7645,8595,7345,8045,950
  Current Assets-9.5%3,3053,6523,8944,1004,449
    Cash Equivalents-11.4%1,5491,7482,2562,4962,481
  Inventory25.1%646516430333269
  Net PPE18.5%720607431325256
  Goodwill7.8%249231235232220
Liabilities4.2%1,7041,6351,3961,3281,344
  Current Liabilities6.0%635599428358421
    LT Debt, Current448.8%5.001.001.004.0015.00
Shareholder's Equity-3.9%4,0604,2244,3394,4764,606
  Retained Earnings-7.7%-3,120-2,897-2,726-2,553-2,396
  Additional Paid-In Capital0.7%7,2977,2457,1637,1167,071
Shares Outstanding0%578578578--
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-55.8%-828-531-516-451-358
  Share Based Compensation1.7%18017714411076.00
Cashflow From Investing9.1%-679-747-70.31-1,048-1,740
Cashflow From Financing-206.4%-77.50-25.30-40.23-14.833,598

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

Returns for PLUG

Cumulative Returns on PLUG

46.9%


10-Year Cumulative Returns

28.5%


7-Year Cumulative Returns

44.0%


5-Year Cumulative Returns

50.7%


3-Year Cumulative Returns

What are the long-term rolling returns for PLUG?

FIve years rolling returns for Plug Power.

Annualized Returns

Which funds bought or sold PLUG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
94.34
44,835
355,835
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
0.71
-1,709,030
2,489,970
-%
2023-03-06
Rockefeller Capital Management L.P.
added
158
976,000
2,846,000
0.01%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
27,090
27,090
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-95.91
-56,602
1,398
-%
2023-02-28
Voya Investment Management LLC
reduced
-3.44
-163,328,000
215,209,000
0.30%
2023-02-27
Gallagher Benefit Services, Inc.
new
-
453,361
453,361
0.10%
2023-02-27
Parallax Volatility Advisers, L.P.
reduced
-87.88
-7,646,600
587,402
-%
2023-02-27
REBALANCE, LLC
new
-
49.00
49.00
-%
2023-02-24
National Pension Service
sold off
-100
-16,756,800
-
-%

1–10 of 42

Latest Funds Activity

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

Plug Power News

MarketWatch

Plug Power Inc. stock outperforms market on strong trading day.

MarketWatch,
2 hours ago

FN Arena News

Nasdaq

InvestorPlace

The Motley Fool

Why Plug Power Stock Popped on Tuesday.

The Motley Fool,
2 days ago

InvestorPlace

StockNews.com

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

PLUG Fair Value

Plug Power fair value in different scenarios

The table shows the Fair Value estimates for Plug Power for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

1.93

-83.50%

2.11

-81.97%

2.67

-77.18%

3.67

-68.63%

5.53

-52.74%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical Plug Power Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Plug Power

View All Filings
Date Filed Form Type Document
Mar 14, 2023
3
Insider Trading
Mar 13, 2023
424B7
Prospectus Filed
Mar 01, 2023
10-K
Annual Report
Mar 01, 2023
8-K
Current Report
Feb 14, 2023
5
Insider Trading
Feb 09, 2023
SC 13G/A
Major Ownership Report
Jan 31, 2023
8-K
Current Report
Jan 25, 2023
SC 13G/A
Major Ownership Report
Jan 25, 2023
8-K
Current Report
Jan 05, 2023
4
Insider Trading

Latest Insider Trading transactions for PLUG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-03
MCNAMEE GEORGE C
acquired
16,254
12.37
1,314
-
2023-01-03
Schneider Lucas P
acquired
8,127
12.37
657
-
2023-01-03
WILLIS GARY K
acquired
11,244
12.37
909
-
2023-01-03
BUA JEAN A
acquired
9,994
12.37
808
-
2023-01-03
Kenausis Gregory
acquired
12,184
12.37
985
-
2023-01-03
HELMER MAUREEN O
acquired
10,625
12.37
859
-
2023-01-03
Silver Jonathan M
acquired
16,254
12.37
1,314
-
2023-01-03
Mahtani Kavita
acquired
9,376
12.37
758
-
2022-11-17
MCNAMEE GEORGE C
gifted
-
-
-3,680
-
2022-10-17
Hull Martin Daniel
acquired
-
-
35,000
corporate controller and cao

1–10 of 50

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.

PLUG Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net revenue:   
Net revenue$ 701,440$ 502,342$ (93,237)
Cost of revenue:   
Total cost of revenue895,796673,652376,179
Gross loss(194,356)(171,310)(469,416)
Operating expenses:   
Research and development99,57964,76227,848
Selling, general and administrative363,929179,85279,348
Impairment of long-lived assets5,21810,2246,430
Change in fair value of contingent consideration16,46811,1761,160
Total operating expenses485,194266,014114,786
Operating loss(679,550)(437,324)(584,202)
Interest income37,2594,040765
Interest expense(39,037)(43,225)(60,510)
Other expense, net(2,303)(765)(739)
Realized loss on investments, net(1,395)(81) 
Change in fair value of equity securities(18,159)6,738 
Gain/(loss) on extinguishment of debt(986) 17,686
Loss on equity method investments(20,166)(5,704) 
Other gain1,168159 
Loss before income taxes(723,169)(476,162)(627,000)
Income tax expense/(benefit)839(16,197)(30,845)
Net loss attributable to the Company(724,008)(459,965)(596,155)
Preferred stock dividends declared  (26)
Net loss attributable to common stockholders$ (724,008)$ (459,965)$ (596,181)
Net loss per share:   
Net loss per share, basic$ (1.25)$ (0.82)$ (1.68)
Net loss per share, diluted$ (1.25)$ (0.82)$ (1.68)
Weighted average number of common stock outstanding, basic579,716,708558,182,177354,790,106
Weighted average number of common stock outstanding, diluted579,716,708558,182,177354,790,106
Sales of fuel cell systems, related infrastructure and equipment   
Net revenue:   
Net revenue$ 558,932$ 392,777$ (94,295)
Cost of revenue:   
Cost of revenue468,057307,157171,404
Services performed on fuel cell systems and related infrastructure   
Net revenue:   
Net revenue35,28026,706(9,801)
Cost of revenue:   
Cost of revenue59,36563,72942,524
Provision for loss contracts related to service   
Cost of revenue:   
Cost of revenue26,80171,98835,473
Power purchase agreements   
Net revenue:   
Net revenue47,18335,15326,620
Cost of revenue:   
Cost of revenue144,696102,41764,640
Fuel delivered to customers and related equipment   
Net revenue:   
Net revenue57,19646,917(16,072)
Cost of revenue:   
Cost of revenue194,255127,19661,815
Other   
Net revenue:   
Net revenue2,849789311
Cost of revenue:   
Cost of revenue$ 2,622$ 1,165$ 323

PLUG Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 690,630$ 2,481,269
Restricted cash158,958118,633
Available-for-sale securities, at fair value (amortized cost $1,355,614 and allowance for credit losses of $0 at December 31, 2022 and amortized cost $1,242,933 and allowance for credit losses of $0 at December 31, 2021)1,332,9431,240,265
Equity securities134,836147,995
Accounts receivable129,45092,675
Inventory645,636269,163
Contract assets62,45638,637
Prepaid expenses and other current assets150,38959,888
Total current assets3,305,2984,448,525
Restricted cash699,756532,292
Property, plant and equipment, net719,793255,623
Right of use assets related to finance leases, net53,74232,494
Right of use assets related to operating leases, net360,287212,537
Equipment related to power purchase agreements and fuel delivered to customers, net89,29372,902
Contract assets41,831120
Goodwill248,607220,436
Intangible assets, net207,725158,208
Investments in non-consolidated entities and non-marketable equity securities31,25012,892
Other assets6,6944,047
Total assets5,764,2765,950,076
Current liabilities:  
Accounts payable191,89592,307
Accrued expenses156,43079,237
Deferred revenue and other contract liabilities131,813116,377
Operating lease liabilities48,86130,822
Finance lease liabilities8,1494,718
Finance obligations58,92542,040
Current portion of long-term debt5,14215,252
Contingent consideration, loss accrual for service contracts, and other current liabilities34,06039,800
Total current liabilities635,275420,553
Deferred revenue and other contract liabilities98,08566,713
Operating lease liabilities271,504175,635
Finance lease liabilities37,98824,611
Finance obligations270,315211,644
Convertible senior notes, net193,919192,633
Long-term debt3,925112,794
Contingent consideration, loss accrual for service contracts, and other liabilities193,051139,797
Total liabilities1,704,0621,344,380
Stockholders' equity:  
Common stock, $0.01 par value per share; 1,500,000,000 shares authorized; Issued (including shares in treasury): 608,421,785 at December 31, 2022 and 594,729,610 at December 31, 20216,0845,947
Additional paid-in capital7,297,3067,070,710
Accumulated other comprehensive loss(26,004)(1,532)
Accumulated deficit(3,120,911)(2,396,903)
Less common stock in treasury: 18,076,127 at December 31, 2022 and 17,074,710 at December 31, 2021(96,261)(72,526)
Total stockholders' equity4,060,2144,605,696
Total liabilities and stockholders' equity$ 5,764,276$ 5,950,076