PLUG — Stock Film
STOCK FILMSCENE 1/11PLUG · $2.11
Stock Expert AI presents
PLUG
Plug Power Inc
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Plug Power Inc. What it actually does.

Develops and manufactures proton exchange membrane (PEM) fuel cell systems. Provides hydrogen generation, storage, and dispensing infrastructure. Now — the numbers.

on the stock market since 1999
2,344 employees
$2.9B market value
WHERE DOES THE MONEY COME FROM?
26%Sale of Electrolyzers
Sale of ElectrolyzersFuel Delivered to Customers 19%Power Purchase Agreements 15%Sale of cryogenic equipment 13%Services Performed on Fuel Cell Systems and Related Infrastructure 13%Other 13%
26% of all revenue comes from a single line: Sale of Electrolyzers.

Revenue is spread across several lines; no single product carries the company.

Revenue last year:
$709.9M
The loss that same year:
$1.6B
For every $1 it earns, the company spends $3.

The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.

THE SALES TREND
Sales are growing overall, with a pause along the way.

Average growth of 9% a year over the last 4 years. Red columns mark years that ended in a loss.

$502.3M
2021
2022
2023
2024
$709.9M
2025
In the vault right now:
$555.3M
DEBT: $997.2M
At this pace, that money lasts less than a year.

Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.

THE PRICE TAG
MARKET VALUE / ANNUAL SALES
4.1×

This company is not turning a profit, so the market is pricing its sales instead: 4.1× for every dollar of annual revenue.

Against companies in its own sector, it looks cheaper than 4% of them.

Analysts' average target sits 48% above today's price.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 95% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 4 years, sales grew about 9% a year on average.

2
THE BRIGHT SIDE · 2/3
Sales are holding up

The company sells $709.9M a year; the problem isn’t sales — it’s costs running above that number.

3
THE BRIGHT SIDE · 3/3
Executives are buying their own stock

Over the last 12 months, company executives reported 83 buys and 8 sells. Management buying with its own money is usually read as a good sign.

1
THE RISKS · 1/3
The losses continue

A loss of $1.6B against $709.9M in annual sales.

2
THE RISKS · 2/3
A wildly swinging price

This stock swings about 2.2 times as much as the market average. Big rallies — and big drops — can both happen fast.

3
THE RISKS · 3/3
The cash has a countdown

At the current pace of spending, the cash lasts less than a year. After that, the company needs to find new money.

FINALE · THE GRADE
F
4 / 100 · MoonshotScore

On our five-subject report card, PLUG sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”

The takeaway: PLUG has solid sales but closed last year at a loss. The road back to profit runs through spending discipline.

The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.

Analysts’ average target sits above today’s price, yet the valuation grade (4/100) says the stock isn’t cheap.

What would you like to do next?
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This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film