NASDAQ:PLUG
Plug Power Inc (PLUG)
Financials 
Technical Analysis 
May 28, 2026, 12:00 amThis summary was created by AI, based on 2 opinions in the last 12 months.
Plug Power Inc. (PLUG-Q) has recently reported revenue of $174 million, reflecting a 30.1% increase from the previous quarter, indicating a positive trend in demand for its products. However, the company struggles with a gross profit of -$53 million, showing a 27.6% decrease from the last quarter, which raises concerns about its production and sales efficiency. Notably, social media mentions have increased by 14.9% in the past 24 hours, suggesting growing interest in the company's activities. Analysts, like Trevor Rose, highlight the potential for Plug Power as an emerging player in the AI sector, fueled by rising interest in hydrogen and fuel cells for powering AI data centers. However, the company has never been profitable, and its cash flow remains significantly negative, leading to doubts about its sustainability as an investment as it is becoming a meme or FOMO stock.
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PLUG is moving as a new potential AI play, as well as by short covering (31% short interest). Interest in hydrogen and fuelcells has increased as investors fret about the need for power to run AI data centres. It has never made money and cash flow is massively negative. It is a bit of a MEME/FOMO stock right now, and we can't endorse it on its fundamentals.
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PLUG stock has been quite weak, but it is still in fundamental growth mode. Sales are expected to go from ~$700M in 2022 to more than $1.9B in 2024, based on estimates. It is, however, still losing money, with negative cash flow, and in a weaker market tape investors get more concerned about this. The balance sheet is decent, with about $400M net cash, but we note cash flow was negative $1B in the last 12 months. It will likely need more capital, and it may be more interesting when it decides to issue equity (we are assuming a discounted price if this happens). Its loss last quarter was higher than expected, and it had previously expected to be profitable this year, but this now looks to be pushed into 2025. So, we like the growth trend, but are a little concerned about its capital needs. We think buyers can wait here.
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Plug Power Inc (PLUG) Frequently Asked Questions
What is Plug Power Inc stock symbol?
Plug Power Inc is a American stock, trading under the symbol PLUG (previously PLUG-Q on Stockchase) on the NASDAQ (PLUG). It is usually referred to as NASDAQ:PLUG or PLUG
Is Plug Power Inc a buy or a sell?
In the last year, 1 stock analyst published opinions about PLUG (previously PLUG-Q on Stockchase). 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Plug Power Inc.
Is Plug Power Inc a good investment or a top pick?
Plug Power Inc was recommended as a Top Pick by Jim Cramer - Mad Money on 2021-04-28. Read the latest stock experts ratings for Plug Power Inc.
Why is Plug Power Inc stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.
Is Plug Power Inc worth watching?
1 stock analyst on Stockchase covered Plug Power Inc in the last year. It is a trending stock that is worth watching.
What is Plug Power Inc stock price?
On 2026-05-29, Plug Power Inc (PLUG) stock closed at a price of $3.95.
Plug Power reported a revenue of 174M, which is a 30.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction. Gross Profit stood at -53M, marking a 27.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes. Social media mentions are up 14.9% in the past 24h.