# Plug Power Inc. (PLUG) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Industrials / Electrical Equipment. Price $1.41, market value $2.0 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Plug Power Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 2.6×**. Each dollar of revenue is priced at 2.6×.
- **Price / book: 3.4×**. The shares trade at 3.4× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -26.6%** (5-yr avg -35.3%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: -18.5%**. Plug Power Inc. keeps -18.5% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -172.8%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -229.8%**. The company reported a net loss over the last twelve months.
- **Return on equity: -166.8%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -165.6%**. Return on all capital, debt included, is -165.6%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -63.3%**. Each dollar of assets produces -63.3% of profit.

## Growth
- **Revenue growth (1 yr): 12.9%** (3-yr 0.4%/yr). Revenue grew 12.9% over the last year.
- **EPS growth (1 yr): 47.0%**. Earnings per share rose 47.0%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Current ratio: 2.31** (quick 2.31). Current assets cover the next year's liabilities 2.31 times.
- **Altman Z-score: 0.05**. A Z-score of 0.05 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Plug Power Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: hold** (15 analysts). 15 analysts cover Plug Power Inc.; the consensus is hold, with an average price target of $3.39 (+140% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -51.3%** (YTD -33.5%, 3-mo -37.0%). The shares are down 51.3% over twelve months including dividends.
- **From 52-week high: -67.4%** (8.5% above the low). Trading 67% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 24**. An RSI of 24 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 2.43** (volatility 79%). Beta of 2.43 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=PLUG · Page: https://foliofundamentals.com/stocks/plug

Not investment advice.