PLUG
Plug Power Inc.
NasdaqCMUSDEQUITY
Industrials
DELAYED
Last price
2.27
▲ 0.07 (3.18%)
MARKET · —
Price
Open
2.20
Prev close
2.20
Day high
2.34
Day low
2.21
Volume
56.42M
Market cap
$3.17B
P/E (TTM)
—
52W range
1.41 – 4.58
Trailing performance
Returnvs SPY
1W
-2.16%
-0.8%
1M
+3.65%
-0.1%
3M
-39.95%
-43.0%
6M
+21.39%
+10.3%
YTD
+15.23%
+2.9%
1Y
+45.51%
+25.5%
3Y
-73.54%
-147.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$3.17B
Enterprise value$4.04B
Revenue (TTM)$744.09M
Gross profit$-184.15M
EBITDA$-512.10M
Net income$-1.64B
EPS (TTM)$-1.36
Free cash flow$-247.10M
Total cash$172.09M
Total debt$1.04B
Book value / share$0.42
Shares outstanding1.40B
Float1.33B
Short % of float23.71%
Dividend yield—
Beta (5Y)2.22
Valuation & profitability ratios
Trailing P/E—
Forward P/E-15.30
PEG ratio0.84
Price / sales—
Price / book5.46
EV / revenue5.43
EV / EBITDA-7.89
Gross margin-24.75%
Operating margin-24.88%
Profit margin-220.59%
Return on equity-144.96%
Return on assets-12.23%
Debt / equity176.57
Current ratio2.32
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $709.92M | $628.81M | $891.34M | $701.44M |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | -$1.63B | -$2.10B | -$1.37B | -$724.01M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | -$1.63B | -$2.10B | -$1.37B | -$724.01M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.08 | -0.07 | +12.5% |
| Mar 2026 | -0.10 | -0.18 | -74.2% |
| Dec 2025 | -0.11 | -0.06 | +44.0% |
| Sep 2025 | -0.13 | -0.12 | +7.4% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.08 | 9 | $169.12M | -2.8% |
| Next quarter | -0.03 | 7 | $285.92M | +27.0% |
| Current year | -0.27 | 6 | $819.16M | +15.4% |
| Next year | -0.15 | 6 | $968.86M | +18.3% |
Analyst targets & ownership
Mean target$3.55
High target$7.00
Low target$0.75
Implied upside56.53%
Analyst count16
ConsensusHOLD
Strong buy / Buy0 / 5
Hold12
Sell / Strong sell3 / 0
Held by insiders4.54%
Held by institutions73.07%
Institutions holding664
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+686.91K
Net buying
Buy transactions
18
736.91K shares
Sell transactions
1
50.00K shares
Net transactions
+19
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
63.36M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 1, 26 | BONNEY MARK J Director |
STOCK | 8.76K | $23.75K | Direct |
| Jul 1, 26 | KENAUSIS GREGORY Director |
STOCK | 3.98K | $10.79K | Direct |
| Jul 1, 26 | ANGLE COLIN M Director |
STOCK | 3.56K | $9.64K | Direct |
| Jul 1, 26 | JOGGERST PATRICK Director |
STOCK | 7.64K | $20.71K | Direct |
| Jun 25, 26 | MIDDLETON PAUL B Chief Financial Officer |
STOCK | 389.11K | $0 | Direct |
| Jun 11, 26 | MCNAMEE GEORGE C Director |
STOCK | 39.75K | $0 | Direct |
| Jun 11, 26 | WILLIS GARY K Director |
STOCK | 39.75K | $0 | Direct |
| Jun 11, 26 | BONNEY MARK J Director |
STOCK | 39.75K | $0 | Direct |
| Jun 11, 26 | KENAUSIS GREGORY Director |
STOCK | 39.75K | $0 | Direct |
| Jun 11, 26 | ANGLE COLIN M Director |
STOCK | 39.75K | $0 | Direct |
| Jun 11, 26 | HELMER MAUREEN O Director |
STOCK | 39.75K | $0 | Direct |
| Jun 11, 26 | JOGGERST PATRICK Director |
STOCK | 39.75K | $0 | Direct |
| Jun 8, 26 | HELMER MAUREEN O Director |
SELL | 50.00K | $161.62K | Direct |
| Apr 1, 26 | BONNEY MARK J Director |
STOCK | 10.51K | $23.75K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BONNEY MARK J |
Director | 271.53K | Stock Award(Grant) |
CRESPO JOSE LUIS |
President | 368.63K | Purchase |
HAYCRAFT BENJAMIN TOBY PATRICK |
Officer | 333.81K | Sale |
HELMER MAUREEN O |
Director | 361.32K | Stock Award(Grant) |
JOGGERST PATRICK |
Director | 253.18K | Stock Award(Grant) |
KENAUSIS GREGORY |
Director | 514.41K | Stock Award(Grant) |
MARSH ANDREW J |
Director | 975.26K | Stock Award(Grant) |
MCNAMEE GEORGE C |
Director | 1.17M | Stock Award(Grant) |
MIDDLETON PAUL B |
Chief Financial Officer | 3.01M | Stock Award(Grant) |
WILLIS GARY K |
Director | 730.11K | Stock Award(Grant) |
Moving averages & technicals
SMA 10
2.24
+1.34% from price
SMA 20
2.15
+5.43% from price
SMA 50
2.35
-3.43% from price
SMA 100
2.79
-18.77% from price
SMA 200
2.49
-8.79% from price
EMA 12
2.22
+2.27% from price
EMA 26
2.25
+1.08% from price
EMA 50
2.39
-5.02% from price
RSI (14)
51.0
Neutral
MACD (12,26,9)
-0.03
Hist 0.03
ATR (14)
0.16
7.17% of price
Realised vol 30D
58.5%
Annualised
Bollinger upper
2.38
20, 2σ
Bollinger lower
1.93
20, 2σ
50 / 200 cross
Death
2.35 vs 2.49
Trend bias
Below 200
-8.79%
Risk profile
Beta vs SPY
2.48
More volatile than market
Correlation to SPY
0.33
Loosely linked
Realised vol 30D
58.5%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-56.7%
Peak to trough
Max drawdown 5Y
-98.4%
Peak to trough
ATR 14
0.16
7.17% of price
Beta (reported)
2.22
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.07
Call-heavy session
Put / call open interest
0.23
Positioning, not flow
Max pain
2.00
-11.9% from spot
ATM implied vol
87.5%
Nearest strike to spot
Skew (10% OTM)
-6.2%
Calls bid over puts
Call volume
5.79K
Contracts, this expiry
Put volume
395
Contracts, this expiry
Heaviest call OI
2.50
7.78K contracts
Heaviest put OI
1.50
1.54K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
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Plug Power (PLUG) Q2 2026 Earnings Call Transcript
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.