Why is Plug Power, Inc. ?
1
Flat results in Sep 25
- INTEREST(HY) At USD 32.4 MM has Grown at 73.64%
- ROCE(HY) Lowest at -95.42%
- DEBT-EQUITY RATIO (HY) Highest at 44.91 %
2
Risky -
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of 11.04%, its profits have risen by 16.8%
3
Reducing Promoter Confidence
- Promoters have decreased their stake in the company by -0.61% over the previous quarter and currently hold 0% of the company
- Promoters decreasing their stake may signify reduced confidence in the future of the business
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Electronics & Appliances)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Plug Power, Inc. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Plug Power, Inc.
11.04%
-0.35
112.78%
S&P 500
17.36%
0.89
19.55%
Quality key factors
Factor
Value
Sales Growth (5y)
16.58%
EBIT Growth (5y)
-257.39%
EBIT to Interest (avg)
-16.11
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0.26
Tax Ratio
0.14%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
53.87%
ROCE (avg)
0
ROE (avg)
0
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
2.43
EV to EBIT
-4.71
EV to EBITDA
-5.16
EV to Capital Employed
2.30
EV to Sales
6.34
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-48.76%
ROE (Latest)
-58.96%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Mildly Bullish
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
No Trend
Mildly Bearish
Technical Movement
6What is working for the Company
OPERATING CASH FLOW(Y)
Highest at USD -518.43 MM
NET PROFIT(HY)
Higher at USD -461.3 MM
-11What is not working for the Company
INTEREST(HY)
At USD 32.4 MM has Grown at 73.64%
ROCE(HY)
Lowest at -95.42%
DEBT-EQUITY RATIO
(HY)
Highest at 44.91 %
RAW MATERIAL COST(Y)
Grown by 17.59% (YoY
PRE-TAX PROFIT(Q)
Fallen at -25.48%
Here's what is working for Plug Power, Inc.
Operating Cash Flow
Highest at USD -518.43 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (USD MM)
Net Profit
Higher at USD -461.3 MM
than preceding 12 month period ended Sep 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (USD MM)
Here's what is not working for Plug Power, Inc.
Interest
At USD 32.4 MM has Grown at 73.64%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (USD MM)
Debt-Equity Ratio
Highest at 44.91 % and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Pre-Tax Profit
Fallen at -25.48%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (USD MM)
Raw Material Cost
Grown by 17.59% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






