Plug Power, Inc. (PLUG)
NASDAQIndustrialsElectrical Equipment & PartsSnapshot 2026-11-04
$1.46+3.55%
Close 2026-11-04 · 1-day change
NASDAQIndustrialsElectrical Equipment & PartsSnapshot 2026-11-04
QuarterlyIQ Insights · PLUG
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -10.5% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| 26.5% |
Growth built into the price is above our model estimate.
The price assumes 37.0 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 14 industry peers
PLUG — earnings in line
Dated 2026-10-15
Results of Operations and Financial Condition. On October 15, 2026, Plug Power Inc. (the “Company”) issued a press release providing a business update and certain preliminary, unaudited information regarding its results of operations and financial condition for the third quarter ended September 30, 2026, including information regarding revenue growth, gross margin, net cash usage and unrestricted cash. The press release also announced the dates of the Company’s third quarter 2026 earnings cal…
Why it matters: Plug set positive EBITDAS as a Q4 target. It also reported better gross margins for two quarters.
Supportive ifQ4 results show positive EBITDAS and higher gross margins than a year ago.
Worry ifQ4 EBITDAS is zero or negative, or gross margin falls year over year.
Why it matters: Plug gave a preliminary growth figure above 10%. The Nov. 9 report will show if that growth held.
Supportive ifOn Nov. 9, reported Q3 revenue growth is above 10% year over year and supports the 15% to 16% full-year growth guide.
Worry ifReported Q3 revenue growth is 10% or less year over year, or Plug cuts its full-year growth guide below 15%.
Why it matters: Cash use fell to about $28 million in Q3, from $61 million in Q2. Plug has also reported about $134 million in cash.
Supportive ifQ4 net cash use is below $28 million, with no new equity or debt proceeds counted.
Worry ifQ4 net cash use is $28 million or more, or Plug reports a new equity or debt raise.
Why it matters: The sale could bring Plug more cash, but the last closing depends on state reviews and other conditions.
Supportive ifPlug reports the second Gateway closing. It receives the remaining purchase price and confirms all required reviews are complete.
Worry ifPlug reports that the closing is delayed past March 31, 2027, or that state review or other conditions block the sale.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$273 on $10,000 · ±2.7% | How much price usually moves either way. |
| Bad day | $754 loss on $10,000 · 7.5% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $6,836 loss on $10,000 · 68.4% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.