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Upturn AI Summary - About
Plug Power Inc(PLUG)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for PLUG
09/28/2026: PLUG (3-star) is currently NOT-A-BUY. Pass it for now.
Plug Power Inc is a specialized developer and provider of hydrogen fuel cell systems, primarily known for its material handling solutions used in warehouses and logistics. The company is actively transforming into a vertically integrated producer of green hydrogen, aiming to capture value across the entire supply chain. While it possesses a significant market position and strong customer relationships, it faces persistent financial challenges, including high cash burn and negative operating margins. Growth hinges on successful scaling of hydrogen infrastructure and market adoption in new sectors like data center backup. It is a speculative growth play best suited for investors with a high risk tolerance and long-term focus on the clean energy transition.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company is positioned in the high-growth green energy sector, targeting significant long-term market expansion. |
| Momentum investor | Mixed fit | Momentum is highly conditional on positive news flow and sector-wide sentiment shifts regarding hydrogen adoption. |
| Value investor | Weak fit | The lack of consistent earnings and high valuation multiples make it unattractive for traditional value-based strategies. |
| Dividend investor | Weak fit | Plug Power does not pay a dividend and focuses entirely on capital reinvestment. |
| Low-risk investor | Weak fit | High volatility, speculative nature, and execution risks make this unsuitable for risk-averse investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock experiences significant price swings driven by speculative interest and energy policy news. |
| Valuation risk | Medium / high | The company trades at premiums based on future growth expectations rather than current profitability. |
| Competition risk (industrial gas and hydrogen) | High | Established players with massive scale and capital resources pose a significant threat to market share. |
| Business quality | Medium | The company is still working toward sustainable margins and free cash flow generation. |
| Dividend income | Low / none | No dividends are paid, providing no income component to the total return. |
| Execution risk | High | Successful scaling of complex hydrogen infrastructure is required to validate the business model. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type Stock | Historic Profit 29.43% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/28/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.60B USD | Price to earnings Ratio - | 1Y Target Price 3.55 |
Price to earnings Ratio - | 1Y Target Price 3.55 | ||
Volume (30-day avg) 51.1M shares | Beta 2.22 | 52 Weeks Range 1.70 - 4.58 | Updated Date 09/28/2026 |
52 Weeks Range 1.70 - 4.58 | Updated Date 09/28/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.24 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Fuel Cell Systems & Service | GenDrive units, service contracts, and maintenance for material handling customers. | Revenue is tied to the adoption of hydrogen forklifts in warehouses and long-term service agreements. |
| Hydrogen Infrastructure | Sale of liquid hydrogen, fuel supply, and infrastructure construction. | The company is building a network to produce and deliver green hydrogen to its industrial customers. |
| Electrolyzer Technology | Sale of PEM electrolyzers to third parties for on-site hydrogen production. | Selling the hardware that creates green hydrogen, acting as a technology provider for industrial applications. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 13.11 | Enterprise Value 3.82B | Price to Sales(TTM) 3.49 |
Enterprise Value 3.82B | Price to Sales(TTM) 3.49 | ||
Enterprise Value to Revenue 5.14 | Enterprise Value to EBITDA -2.23 | Shares Outstanding 1.40B | Shares Floating 1.33B |
Shares Outstanding 1.40B | Shares Floating 1.33B | ||
Percent Insiders 4.52 | Percent Institutions 73.16 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Plug Power Inc
Exchange NASDAQ | Headquarters Slingerlands, NY, United States | ||
IPO Launch date 1999-10-29 | CEO, President & Director Mr. Jose Luis Crespo | ||
Sector Industrials | Industry Electrical Equipment & Parts | Full time employees 2344 | Website https://www.plugpower.com |
Full time employees 2344 | Website https://www.plugpower.com | ||
Plug Power Inc. designs, develops, and sells hydrogen products and solutions in Europe, Australia, North America, and internationally. The company offers GenDrive, a hydrogen fueled PEM fuel cell system, which powers material handling EVs, including Class 1, 2, 3 and 6 electric forklifts, automated guided vehicles, and ground support equipment; GenFuel, a liquid hydrogen fueling, delivery, generation, storage, and dispensing system; and GenCare, an Internet of Things based maintenance and on-site service program. It also provides GenKey, a turn-key solution; GenEco electrolyzers for clean hydrogen production; liquefaction systems; cryogenic equipment, such as trailers and mobile storage equipment for the distribution of liquified hydrogen, oxygen, argon, nitrogen, and other cryogenic gases; GenSure, a stationary fuel cell solution; and liquid hydrogen. The company serves customers in material handling operations, fuel cell electric vehicle fleets, and stationary power applications through its direct sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was incorporated in 1997 and is based in Slingerlands, New York.
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