Plug Power Inc.
PLUGIndustrialsNASDAQElectrical Equipment & Parts
Scan Results
Daily timeframePlug Power Inc. designs, develops, and sells hydrogen products and solutions in Europe, Australia, North America, and internationally. The $3.03B market capitalization puts PLUG squarely in mid-cap range for its industry. 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.
Market Cap
$3.03B
Beta
2.17
P/E (TTM)
—
P/E (Fwd)
-13.56
EPS (TTM)
$-1.40
EPS (Fwd)
$-0.16
ROE
-128.8%
ROA
-13.6%
Cash
$233.4M
Total Debt
$1.01B
Free CF
-$407.4M
52W Change
21.2%
Annual Financials
Cash vs Debt
On the balance sheet, PLUG has $233.4M in cash with $1.01B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$407.4M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at -128.8%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has been relatively flat, moving from $701.4M (2022) to $709.9M (2025).
With a beta above 1.5, PLUG tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Plug Power Inc. and its sector.