Equity · Industrials
Plug Power Inc. (PLUG) perpetual futures
Plug Power provides clean hydrogen and zero-emission fuel cell solutions for logistics, electric vehicles, and stationary power, building an end-to-end green hydrogen ecosystem.
-3.6%NASDAQ closed
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Trading data
Perpetual market activity
0/1 live markets
Trading data
Perpetual market activity
Venues
1
Live markets
0/1
24h volume
-
Open interest
-
Best liquidity
-
Tightest spread
-
Highest volume
-
Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D-3.57%
5D-10.50%
1M-22.86%
6M-40.88%
YTD-17.77%
1Y-58.46%
BingXBest venues for this underlying
Best liquidity
-No live data-
Tightest spread
-No live data-
Highest volume
-No live data-
Company data
Company fundamentals
Updated 3m ago
Company data
Company fundamentals
Market cap
$2.3B
Updated 3m ago
Revenue
$744.1M
Trailing 12 months
Revenue growth
+15%
Next fiscal year
Profit margin
-220.6%
P/E
-1.2
Peer P/E -5.3
Free cash flow
-$536.1M
Trailing 12 months
More metrics
Net income
-$1.6B
Trailing 12 months
P/S
3.0
Peer P/E
-5.3
Similar listed perps
Revenue estimate
$819.3M
Next fiscal year
Earnings
2026-11-09
Revenue est. $197.2M · Updated 3m ago
Dividend
-
Fundamental detail
Annual + quarterlyLatest revenue$709.9M
Net margin-229.8%
Free cash flow-$661.5M
Net debt$441.9M
PeriodRevenueGrowthNet incomeFCF
2020-$93.2M-141%-$596.2M-$205.7M
2021$502.3M--$460M-$551.4M
2022$701.4M+40%-$724M-$1.1B
2023$891.3M+27%-$1.4B-$1.8B
2024$628.8M-29%-$2.1B-$1.1B
2025$709.9M+13%-$1.6B-$661.5M
PeriodGross marginOperating marginNet marginROEROA
2020+503.5%+626.6%+639.4%-101.7%-44.0%
2021-34.1%-87.1%-91.6%-10.0%-7.7%
2022-27.7%-96.9%-103.2%-17.8%-12.6%
2023-57.0%-150.7%-153.6%-47.2%-27.9%
2024-99.4%-321.2%-334.7%-121.4%-58.4%
2025-34.1%-95.7%-229.8%-166.8%-62.9%
PeriodCashDebtNet debtCurrent ratio
2020$448.1M$560.1M$112M3.09
2021$2.5B$810.1M-$1.7B10.58
2022$690.6M$898.7M$208.1M5.20
2023$135M$1.1B$991M1.85
2024$205.7M$1.1B$872.9M1.97
2025$555.3M$997.2M$441.9M2.31
PeriodMarket capEnterprise valueP/SP/E
2020$12B$12.1B-129.0-21.5
2021$15.8B$14.1B31.4-34.4
2022$7.2B$7.4B10.2-9.9
2023$2.7B$3.7B3.0-2.0
2024$1.8B$2.7B2.9-0.9
2025$2.3B$2.7B3.2-1.4
PeriodRevenueGrowthNet incomeFCF
Q3 2024$173.7M-13%-$211.2M-$264.7M
Q4 2024$191.5M-14%-$1.3B-$170.8M
Q1 2025$133.7M+11%-$196.7M-$146M
Q2 2025$174M+21%-$227.1M-$230.4M
Q3 2025$177.1M+2%-$361.9M-$119.9M
Q4 2025$225.2M+18%-$846M-$157.7M
Q1 2026$163.5M+22%-$245.3M-$158.2M
Q2 2026$178.3M+2%-$188.2M-$100.4M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024-57.6%-124.4%-121.5%-7.0%-4.5%
Q4 2024-122.5%-678.7%-697.5%-77.0%-37.1%
Q1 2025-55.3%-128.7%-147.1%-10.6%-5.4%
Q2 2025-30.7%-88.3%-130.5%-13.5%-6.8%
Q3 2025-67.9%-139.4%-204.4%-25.5%-11.7%
Q4 2025+2.4%-47.5%-375.6%-86.5%-32.6%
Q1 2026-13.2%-63.6%-150.0%-32.7%-10.4%
Q2 2026-0.9%-36.0%-105.6%-32.4%-8.6%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$93.9M$928.6M$834.7M2.08
Q4 2024$205.7M$1.1B$872.9M1.97
Q1 2025$295.8M$986.7M$690.9M1.95
Q2 2025$140.7M$992M$851.2M1.59
Q3 2025$165.9M$991.4M$825.5M1.32
Q4 2025$555.3M$997.2M$441.9M2.31
Q1 2026$223.2M$1B$787M2.36
Q2 2026$161.9M$823.1M$661.2M2.32
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$1.9B$2.8B11.2-2.3
Q4 2024$1.9B$2.8B10.2-0.4
Q1 2025$1.3B$2B9.6-1.6
Q2 2025$1.7B$2.5B9.6-1.9
Q3 2025$2.7B$3.5B15.2-1.9
Q4 2025$2.3B$2.7B10.1-0.7
Q1 2026$3.1B$3.9B19.2-3.1
Q2 2026$3.8B$4.4B21.1-4.8
Refreshed 3m ago
Charts: revenue, profit, cash flow & valuation
CashDebt
Gross marginOperating marginNet margin
P/EP/S
CashDebt
Gross marginOperating marginNet margin
P/EP/S
Next catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2026-11-09
Revenue est. $197.2M · Updated 3m ago
No unusual perp activity right now.
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.42$819.3M+15%8
FY 2027-0.16$972.2M+37%9
FY 2028-0.09$1.2B+63%10
FY 2029-0.02$1.5B+105%4
FY 20300.05$1.9B+169%4
Q1 2029-0.03$162.2M-1%3
Company events
62026-11-09EarningsActual - / Estimate -0.07-
2026-08-10Earnings · After market closeActual -0.14 / Estimate -0.08Miss
2026-05-11EarningsActual -0.18 / Estimate -0.09Miss
2026-03-02EarningsActual -0.63 / Estimate -0.1Miss
2025-11-10EarningsActual -0.31 / Estimate -0.13Miss
2025-08-11EarningsActual -0.16 / Estimate -0.15Miss
Peer comparison
Similar listed perpsRevenue mix
PendingSegment data is not available yet.
Analysts
PendingNo analyst data available yet.
Ownership
PLUG-PERPOwnership data is being populated.
Filings
PendingNo filings available yet.
Transcripts
PendingNo transcripts available yet.
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.No articles from Reuters, WSJ, Bloomberg or FT for this company in our feed.
FMP company data
Company intelligence
Updated: Sep 18, 2026, 07:23 AM UTC
FMP company data
Company intelligence
Company profile
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
- Chief executive
- Jose Luis Crespo
- Employees
- 2,344
- IPO date
- Oct 29, 1999
- Country
- US
- Exchange
- NASDAQ Capital Market
Altman Z-scorei-6.22
Piotroski scorei4/9
FMP ratingiC
Owner earningsi-$92.92M-$0.07 per share
ESG risk ratingiB+Industry rank: 7 out of 73
Rating factors
- Return on equityi
- 1
- Return on assetsi
- 1
- Debt to equityi
- 1
- Price to earningsi
- 1
- Price to booki
- 1
Company press releases
Plug Power to Announce 2026 Second Quarter Results on August 10, 2026GlobeNewsWirePlug Power Announces Sale of Graham, Texas Project and Staged Closing of New York Gateway Project with Stream Data Centers, Expects $80 Million in Near-Term Liquidity as Part of $275 Million-Plus InitiativeGlobeNewsWirePlug Wins 50MW Electrolyzer Order as Orica's Hunter Valley Hub Becomes the Largest Australian Renewable Hydrogen Project to Reach FIDGlobeNewsWirePlug Power Completes Commissioning of 5 MW Electrolyzer System at European Energy's Måde PtX Facility in DenmarkGlobeNewsWireKuehn Law Encourages Investors of Plug Power Inc. to Contact Law FirmGlobeNewsWirePlug to Webcast Annual Shareholder Meeting on June 11, 2026GlobeNewsWire
Congressional disclosures
Senate
House
Austin ScottSale (Full) · $1,001 - $15,000Disclosed: Aug 13, 2025Austin ScottSale (Full) · $1,001 - $15,000Disclosed: Aug 13, 2025Daniel GoldmanPurchase · $15,001 - $50,000Disclosed: May 19, 2023Ro KhannaSale · $1,001 - $15,000Disclosed: Apr 7, 2023Daniel GoldmanSale (Full) · $15,001 - $50,000Disclosed: Apr 17, 2023
Market cap history
$3.03B-17.8%Jun 26 – Sep 26
Latest: $3.03B · 2026-09-17High: $3.88B · 2026-06-22Low: $2.86B · 2026-07-27
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| INRA.L | 2.7% | 45.8M |
| VTI | 0% | 44.5M |
| IWM | 0.09% | 36.1M |
| VB | 0.04% | 32.1M |
| NJM | 0.14% | 31.1M |
| ICLN | 2.7% | 27.6M |
| FSSNX | 0.12% | 19.9M |
| VBK | 0.09% | 18.4M |
| VXF | 0.04% | 16.2M |
| IWO | 0.19% | 12.8M |
| NAJ | 0.3% | 11.4M |
| VTWO | 0.09% | 7.9M |
Analyst track record
How the analysts covering PLUG have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 101 | 408 |
| Analysts | 23 | 41 |
| Buy / hold / sell | 40 / 43 / 18 | 150 / 191 / 67 |
| Upgrades / downgrades / initiations | 1 / 1 / 0 | 2 / 19 / 1 |
| Price targets hit / missed | 24 / 46 (34%) | 60 / 237 (20%) |
| Avg. return after a rating (TipRanks) | -18.3% | -32.3% |
| Best / worst call | +130.7% / -75.3% | +246.0% / -94.6% |
After buy calls on this stock: median 21-day move -8.5% vs S&P 500 -7.6% (n = 158)
Most accurate on this stock
Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.
- Ameet ThakkarBMO Capital83% hit rate on this stock · 12 targets measuredSelltarget $1.30Aug 10, 2026
- Jeff OsborneTD Cowen54% hit rate on this stock · 13 targets measuredHoldtarget $3.00Aug 11, 2026
- Craig IrwinRoth MKM44% hit rate on this stock · 9 targets measuredBuytarget $5.00Aug 12, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Sep 29, 2026 | Eric StineCraig-Hallum | BuyMaintained | – | |
| Sep 29, 2026 | Amit DayalH.C. Wainwright | BuyMaintained | $7.00 | article ↗ |
| Sep 30, 2026 | Amit DayalH.C. Wainwright | BuyMaintained | $7.00 | article ↗ |
| Sep 29, 2026 | Amit DayalH.C. Wainwright | BuyMaintained | $7.00 | |
| Sep 16, 2026 | Unknown AnalystUBS | HoldReiterated | $4.00 | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data via FMP · computed Oct 9, 2026 · 101 ratings
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