Plug Power Inc.
PLUGIndustrialsNASDAQElectrical Equipment & Parts · Last scanned Sep 9, 2026
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Daily timeframePlug Power Inc. designs, develops, and sells hydrogen products and solutions in Europe, Australia, North America, and internationally. The company carries a $3.16B market cap, placing it firmly in the mid-cap category. 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
$3.16B
Beta
2.22
P/E (TTM)
—
P/E (Fwd)
-15.24
EPS (TTM)
$-1.32
EPS (Fwd)
$-0.15
ROE
-145.0%
ROA
-12.2%
Cash
$172.1M
Total Debt
$1.04B
Free CF
-$247.1M
52W Change
50.7%
Annual Financials
Cash vs Debt
Where PLUG stands vs its 150-day and 200-day moving averages
As of the September 3, 2026 close, PLUG finished 18.68% below its 150-day moving average ($2.57) and 15.38% below its 200-day moving average ($2.47). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is PLUG overbought or oversold?
At the September 3, 2026 close, PLUG's RSI(14) was 39.2, in neutral territory (between 30 and 70). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
The company holds $172.1M in cash, though total debt stands at $1.04B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$247.1M, 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 -145.0%, 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).
A beta of 2.22 means PLUG is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. Plug Power Inc. carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. 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.