Plug Power Inc (PLUG)

NASD · Industrials · Electrical Equipment & Parts · USA

Plug Power Inc is a small cap company (market value between $300 million and $2 billion) in the Electrical Equipment & Parts industry.

Plug Power develops and sells hydrogen fuel cell systems and related equipment for material handling, mobility, and stationary power applications. The company manufactures fuel cells, electrolyzers, liquefaction systems, and cryogenic equipment, and operates hydrogen production facilities and fueling stations across North America and Europe. Its products serve customers in manufacturing, distribution, and industrial sectors seeking to decarbonize operations.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Plug Power Inc stock.

Our verdict on PLUG

Overvalued: intrinsic value $0.89 per share, market price $1.37, margin of safety -54.7% (as of 2026-10-19).

A 1.2x revenue multiple, discounted for its losses, values the shares at $0.89; the price of $1.37 is 55% above that value.

Leak Score: 16/100 on 9 of 12 signals (On Watch).

ETFs with the most weight in PLUG

17 more funds hold it; the full list is part of the paid plan.

More on PLUG

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Cheaper than PLUG in Electrical Equipment & Parts

4 more in this industry show a wider margin of safety.

Is PLUG undervalued or overvalued?

PLUG is overvalued (as of the 2026-10-19 close). A 1.2x revenue multiple, discounted for its losses, values the shares at $0.89; the price of $1.37 is 55% above that value.

What is the intrinsic value of PLUG?

$0.89 per share (as of the 2026-10-19 close), against a market price of $1.37. That is a margin of safety of -54.7%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is Plug Power Inc's Leak Score?

16 out of 100, which we rate "On Watch", on 9 of 12 value investing signals.