Why is Plug Power, Inc. ?
1
Negative results in Jun 25
- INTEREST(Q) At USD 15.94 MM has Grown at 38.76%
- DEBT-EQUITY RATIO (HY) Highest at 39.01 %
- INVENTORY TURNOVER RATIO(HY) Lowest at 1.43 times
2
Risky - Negative EBITDA
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of -11.36%, its profits have risen by 9.9%
3
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -11.36% returns in the last 1 year, the stock has also underperformed S&P 500 in each of the last 3 annual periods
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.
10.4%
-0.29
117.25%
S&P 500
13.22%
0.61
20.17%
Quality key factors
Factor
Value
Sales Growth (5y)
20.63%
EBIT Growth (5y)
-263.40%
EBIT to Interest (avg)
-16.11
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0.24
Tax Ratio
0.14%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
59.85%
ROCE (avg)
0
ROE (avg)
0
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
0.57
EV to EBIT
-1.07
EV to EBITDA
-1.17
EV to Capital Employed
0.57
EV to Sales
1.65
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-53.28%
ROE (Latest)
-55.91%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bullish
RSI
Bearish
No Signal
Bollinger Bands
Bearish
Sideways
Moving Averages
Mildly Bullish (Daily)
KST
Bullish
Mildly Bullish
Dow Theory
No Trend
Mildly Bullish
OBV
No Trend
No Trend
Technical Movement
9What is working for the Company
OPERATING CASH FLOW(Y)
Highest at USD -603.56 MM
NET PROFIT(HY)
Higher at USD -383.33 MM
RAW MATERIAL COST(Y)
Fallen by -65.72% (YoY
OPERATING PROFIT(Q)
Highest at USD -138.77 MM
OPERATING PROFIT MARGIN(Q)
Highest at -79.77 %
EPS(Q)
Highest at USD -0.2
-8What is not working for the Company
INTEREST(Q)
At USD 15.94 MM has Grown at 38.76%
DEBT-EQUITY RATIO
(HY)
Highest at 39.01 %
INVENTORY TURNOVER RATIO(HY)
Lowest at 1.43 times
Here's what is working for Plug Power, Inc.
Net Profit
Higher at USD -383.33 MM
than preceding 12 month period ended Jun 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (USD MM)
Operating Cash Flow
Highest at USD -603.56 MM
in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (USD MM)
Operating Profit
Highest at USD -138.77 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (USD MM)
Operating Profit Margin
Highest at -79.77 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
EPS
Highest at USD -0.2
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (USD)
Raw Material Cost
Fallen by -65.72% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Plug Power, Inc.
Interest
At USD 15.94 MM has Grown at 38.76%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (USD MM)
Debt-Equity Ratio
Highest at 39.01 %
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
Inventory Turnover Ratio
Lowest at 1.43 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio






