Overview
Plug Power Inc. operates as a leading alternative energy technology provider based in the United States, focusing primarily on the design and manufacture of hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity. The company's core technology enables environmentally friendly electro-chemical conversion of hydrogen to electricity. Plug Power's suite of products, including fuel cell stacks, hydrogen fueling station installations, and comprehensive maintenance services, underscores its commitment to accelerating the growth of green hydrogen ecosystems across various sectors. Notable initiatives include collaborations with large logistics and retail companies to deploy hydrogen-powered forklifts and partnerships for building extensive hydrogen fueling networks. These strategic efforts exemplify Plug Power’s role in advancing clean energy adoption.
Quality, Value, Momentum Scores
This card shows the Quality, Value, and Momentum scores for the company
Income Statement: Revenue, Operating Income, Net Income
- The revenue for Plug Power Inc. as of June 30, 2025 is 672.84 MM.
- The operating income for Plug Power Inc. as of June 30, 2025 is -944.48 MM.
- The net income for Plug Power Inc. as of June 30, 2025 is -1,970.35 MM.
| Period End (TTM) | Revenue (MM) | Operating Income (MM) | Net Income (MM) |
| 2025-06-30 | 672.84 | -944.48 | -1,970.35 |
| 2025-03-31 | 642.22 | -1,026.27 | -2,005.58 |
| 2024-12-31 | 628.81 | -1,116.52 | -2,104.70 |
| 2024-09-30 | 659.50 | -1,073.42 | -1,411.67 |
| 2024-06-30 | 684.49 | -1,142.86 | -1,483.98 |
| 2024-03-31 | 801.32 | -1,116.07 | -1,458.05 |
| 2023-12-31 | 891.34 | -1,053.70 | -1,368.83 |
| 2023-09-30 | 889.92 | -889.00 | -949.90 |
| 2023-06-30 | 879.84 | -777.68 | -837.18 |
| 2023-03-31 | 770.92 | -721.11 | -774.08 |
| 2022-12-31 | 701.44 | -657.86 | -724.01 |
| 2022-09-30 | 642.60 | -636.52 | -693.46 |
| 2022-06-30 | 597.90 | -566.91 | -629.37 |
| 2022-03-31 | 571.19 | -505.13 | -555.71 |
| 2021-12-31 | 502.34 | -415.92 | -459.96 |
| 2021-09-30 | 31.34 | -699.14 | -751.16 |
| 2021-06-30 | -5.54 | -662.18 | -709.70 |
| 2021-03-31 | -62.10 | -598.52 | -619.47 |
| 2020-12-31 | -93.24 | -576.61 | -596.15 |
| 2020-09-30 | 307.26 | -110.41 | -128.60 |
Income Statement: EPS
- The earnings per share basic for Plug Power Inc. as of June 30, 2025 is -2.05.
- The earnings per share diluted for Plug Power Inc. as of June 30, 2025 is -2.05.
| Period End (TTM) | Earnings Per Share Basic | Earnings Per Share Diluted |
| 2025-06-30 | -2.05 | -2.05 |
| 2025-03-31 | -2.33 | -2.33 |
| 2024-12-31 | -2.68 | |
| 2024-09-30 | -1.99 | -1.99 |
| 2024-06-30 | -2.31 | -2.31 |
| 2024-03-31 | -2.40 | -2.40 |
| 2023-12-31 | -2.30 | |
| 2023-09-30 | -1.61 | -1.61 |
| 2023-06-30 | -1.43 | -1.43 |
| 2023-03-31 | -1.33 | -1.33 |
| 2022-12-31 | -1.25 | |
| 2022-09-30 | -1.20 | -1.20 |
| 2022-06-30 | -1.09 | -1.09 |
| 2022-03-31 | -0.97 | -0.97 |
| 2021-12-31 | -0.82 | |
| 2021-09-30 | -1.44 | -1.44 |
| 2021-06-30 | -1.51 | -1.51 |
| 2021-03-31 | -1.52 | -1.52 |
| 2020-12-31 | -1.68 | |
| 2020-09-30 | -0.42 | -0.42 |
Cash Flow: Operations, Investing, Financing
- The cash from operating activities for Plug Power Inc. as of June 30, 2025 is -603.55 MM.
- The cash from investing activities for Plug Power Inc. as of June 30, 2025 is -221.02 MM.
- The cash from financing activities for Plug Power Inc. as of June 30, 2025 is 682.48 MM.
| Period End (TTM) | Cash From Operating Activities (MM) | Cash From Investing Activities (MM) | Cash From Financing Activities (MM) |
| 2025-06-30 | -603.55 | -221.02 | 682.48 |
| 2025-03-31 | -666.48 | -328.35 | 893.34 |
| 2024-12-31 | -728.64 | -402.36 | 983.17 |
| 2024-09-30 | -840.05 | -90.97 | 770.85 |
| 2024-06-30 | -904.02 | -146.09 | 507.22 |
| 2024-03-31 | -997.38 | 511.67 | 282.00 |
| 2023-12-31 | -1,106.57 | 728.05 | 6.12 |
| 2023-09-30 | -1,170.49 | -198.23 | -21.70 |
| 2023-06-30 | -1,048.52 | -339.25 | -21.10 |
| 2023-03-31 | -895.62 | -857.49 | -52.03 |
| 2022-12-31 | -828.62 | -679.37 | -77.46 |
| 2022-09-30 | -531.72 | -747.25 | -25.30 |
| 2022-06-30 | -516.65 | -70.31 | -40.23 |
| 2022-03-31 | -451.00 | -1,048.60 | -14.84 |
| 2021-12-31 | -358.18 | -1,740.89 | 3,597.78 |
| 2021-09-30 | -347.47 | -1,037.91 | 4,507.11 |
| 2021-06-30 | -290.22 | -1,444.00 | 4,940.60 |
| 2021-03-31 | -212.17 | -507.36 | 5,105.43 |
| 2020-12-31 | -155.48 | -95.33 | 1,515.53 |
| 2020-09-30 | -158.03 | -76.99 | 768.10 |
Valuation Metrics : PE, PriceToBook, PriceToTBV
- The p/e for Plug Power Inc. as of June 30, 2025 is -0.73.
- The p/book for Plug Power Inc. as of June 30, 2025 is 0.76.
- The p/tbv for Plug Power Inc. as of June 30, 2025 is 0.82.
- P/Book
- The current closing price divided by the book value per share.
- P/TBV
- The current price divided by the tangible book value per share.
| Period End (TTM) | p/e | P/Book | P/TBV |
| 2025-06-30 | -0.73 | 0.76 | 0.82 |
| 2025-03-31 | -0.62 | 0.72 | 0.76 |
| 2024-12-31 | 0.69 | 0.73 | |
| 2024-09-30 | -1.35 | 0.67 | 0.71 |
| 2024-06-30 | -1.25 | 0.62 | 0.67 |
| 2024-03-31 | -1.71 | 0.81 | 0.95 |
| 2023-12-31 | -2.87 | 0.78 | 0.89 |
| 2023-09-30 | -5.47 | 1.22 | 1.39 |
| 2023-06-30 | -7.76 | 1.53 | 1.73 |
| 2023-03-31 | -9.61 | 1.71 | |
| 2022-12-31 | -10.40 | 1.71 | 1.90 |
| 2022-09-30 | 2.81 | 3.12 | |
| 2022-06-30 | -17.26 | 2.14 | 2.38 |
| 2022-03-31 | -35.94 | 3.59 | 3.91 |
| 2021-12-31 | -21.65 | 3.46 | 3.54 |
| 2021-09-30 | -20.67 | 3.04 | 3.11 |
| 2021-06-30 | |||
| 2021-03-31 | -20.15 | 2.54 | 2.60 |
| 2020-12-31 | -16.93 | 6.88 | 7.45 |
| 2020-09-30 | -84.30 | 13.93 | 16.99 |
Valuation Metrics : EBitToEv, EBit3YrAvgToEv
- The ebit/ev for Plug Power Inc. as of June 30, 2025 is -1.06.
- The ebit (3y)/ev for Plug Power Inc. as of June 30, 2025 is -0.77.
| Period End (TTM) | EBIT/EV | EBIT (3y)/EV |
| 2025-06-30 | -1.06 | -0.77 |
| 2025-03-31 | -1.15 | -0.79 |
| 2024-12-31 | -0.55 | -0.46 |
| 2024-09-30 | -0.60 | -0.42 |
| 2024-06-30 | -0.66 | -0.42 |
| 2024-03-31 | -0.50 | -0.31 |
| 2023-12-31 | -0.29 | -0.25 |
| 2023-09-30 | -0.18 | -0.16 |
| 2023-06-30 | -0.13 | -0.12 |
| 2023-03-31 | -0.11 | -0.10 |
| 2022-12-31 | -0.12 | -0.09 |
| 2022-09-30 | -0.06 | -0.05 |
| 2022-06-30 | -0.07 | -0.06 |
| 2022-03-31 | -0.03 | -0.03 |
| 2021-12-31 | -0.06 | -0.04 |
| 2021-09-30 | -0.06 | -0.03 |
| 2021-06-30 | ||
| 2021-03-31 | -0.08 | -0.03 |
| 2020-12-31 | -0.07 | -0.03 |
| 2020-09-30 | -0.01 | -0.01 |
Management Effectiveness
- The roa for Plug Power Inc. as of June 30, 2025 is -0.42.
- The roe for Plug Power Inc. as of June 30, 2025 is -0.67.
- The roic for Plug Power Inc. as of June 30, 2025 is -0.69.
- The croic for Plug Power Inc. as of June 30, 2025 is -0.03.
- The ocroic for Plug Power Inc. as of June 30, 2025 is -0.23.
| Period End (TTM) | ROA | ROE | ROIC | CROIC | OCROIC |
| 2025-06-30 | -0.42 | -0.67 | -0.69 | -0.03 | -0.23 |
| 2025-03-31 | -0.43 | -0.72 | -0.73 | -0.04 | -0.25 |
| 2024-12-31 | -0.29 | -0.49 | -0.36 | -0.04 | -0.21 |
| 2024-09-30 | -0.27 | -0.42 | -0.38 | -0.14 | -0.23 |
| 2024-06-30 | -0.26 | -0.37 | -0.38 | -0.05 | -0.26 |
| 2024-03-31 | -0.24 | -0.34 | -0.35 | -0.10 | -0.29 |
| 2023-12-31 | -0.16 | -0.22 | -0.21 | -0.31 | -0.26 |
| 2023-09-30 | -0.15 | -0.19 | -0.18 | -0.30 | -0.22 |
| 2023-06-30 | -0.13 | -0.18 | -0.18 | -0.29 | -0.22 |
| 2023-03-31 | -0.12 | -0.16 | -0.16 | -0.38 | -0.19 |
| 2022-12-31 | -0.12 | -0.15 | -0.14 | -0.25 | -0.10 |
| 2022-09-30 | -0.11 | -0.13 | -0.14 | -0.25 | -0.10 |
| 2022-06-30 | -0.10 | -0.12 | -0.12 | -0.10 | -0.10 |
| 2022-03-31 | -0.08 | -0.09 | -0.10 | -0.28 | -0.08 |
| 2021-12-31 | -0.31 | -0.50 | -0.09 | 0.28 | -0.06 |
| 2021-09-30 | -0.47 | -1.15 | -0.14 | 0.57 | -0.05 |
| 2021-06-30 | -0.69 | -2.96 | -0.13 | 0.59 | -0.05 |
| 2021-03-31 | -0.83 | -5.64 | -0.11 | 0.78 | -0.04 |
| 2020-12-31 | -0.77 | -4.43 | -0.25 | 0.53 | -0.07 |
| 2020-09-30 | -0.18 | -8.47 | -0.08 | 0.40 | -0.12 |
Gross Margins
- The gross margin for Plug Power Inc. as of June 30, 2025 is -0.78.
- The net margin for Plug Power Inc. as of June 30, 2025 is -3.12.
- The operating margin for Plug Power Inc. as of June 30, 2025 is -1.60.
- Gross Margin
- The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.
- Net Margin
- The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.
- Operating Margin
- The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.
| Period End (TTM) | Gross Margin | Net Margin | Operating Margin |
| 2025-06-30 | -0.78 | -3.12 | -1.60 |
| 2025-03-31 | -0.92 | -3.35 | -1.78 |
| 2024-12-31 | -0.82 | -2.14 | -1.63 |
| 2024-09-30 | -0.80 | -2.17 | -1.66 |
| 2024-06-30 | -0.63 | -1.82 | -1.38 |
| 2024-03-31 | -0.47 | -1.54 | -1.17 |
| 2023-12-31 | -0.33 | -1.07 | -1.00 |
| 2023-09-30 | -0.27 | -0.95 | -0.88 |
| 2023-06-30 | -0.26 | -0.95 | -0.88 |
| 2023-03-31 | -0.24 | -1.00 | -0.94 |
| 2022-12-31 | -0.21 | -1.08 | -0.99 |
| 2022-09-30 | -0.20 | -1.08 | -0.99 |
| 2022-06-30 | -0.21 | -1.05 | -0.95 |
| 2022-03-31 | -0.20 | -0.97 | -0.88 |
| 2021-12-31 | -15.58 | -0.92 | -0.83 |
| 2021-09-30 | 84.78 | -23.97 | -22.27 |
| 2021-06-30 | 84.78 | 128.20 | 119.61 |
| 2021-03-31 | 7.01 | 9.98 | 9.64 |
| 2020-12-31 | 5.04 | 6.39 | 5.90 |
| 2020-09-30 | -0.02 | -0.33 | -0.28 |
Identifiers and Descriptors
| Central Index Key (CIK) | 1093691 |
Industry Groups
| SIC 362 - Electrical Industrial Apparatus |
