Plug Power, Inc. (PLUG)
NASDAQIndustrialsElectrical Equipment & PartsSnapshot 2026-09-04
$2.17+2.84%
Close 2026-09-04 · 1-day change
NASDAQIndustrialsElectrical Equipment & PartsSnapshot 2026-09-04
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 | 12.3% |
| Our one-year growth estimate | diamond | 22.1% |
Growth built into the price is above our model estimate.
The price assumes 9.8 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
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.
Model as of 2026-09-04 · Compared with 32 industry peers · Company calendar date is not available
PLUG — earnings in line
Dated 2026-08-10
of this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Why it matters: Positive operating income is crucial for Plug Power's long-term goals. It signals growth.
Supportive ifQ1 2027 operating income is positive. This shows progress toward making money.
Worry ifQ1 2027 operating income is negative. This shows no progress.
Why it matters: Growth in service revenue shows strong demand for Plug's products and services.
Supportive ifService revenue grows year over year by more than 80%, confirming strong market demand.
Worry ifService revenue growth slows to less than 30% year over year, indicating weakening demand.
Why it matters: Progress on this project is crucial for Plug's liquidity and strategic goals.
Supportive ifManagement announces a big milestone for the Gateway Project. They also share a closing date.
Worry ifThere are no updates on the Gateway Project. No delays are reported.
Why it matters: These plans aim to boost liquidity by more than $275 million. This progress is key for Plug's finances.
Supportive ifManagement says they improved cash by over $80 million from these plans.
Worry ifNo major updates or liquidity gains are expected in the next few months.
Why it matters: Full profitability is important for Plug Power's future. It affects how investors feel.
Supportive ifThe company says it will make full profits by the end of 2028.
Worry ifThe company is not making progress toward full profits by 2028.
Why it matters: Positive EBITDAS means Plug is doing better with its money and operations.
Supportive ifQ4 2026 EBITDAS was positive. This shows good cost control and rising revenue.
Worry ifQ4 2026 EBITDAS is still negative. This means Plug faces ongoing financial issues.
Why it matters: Stable leadership is key for growth plans and keeping investor trust.
Worry ifNo new executive changes are announced for the next quarter.
Less concerning ifThere are more leaders leaving or changing roles.
Why it matters: New initiatives could make Plug's finances stronger. They may help support growth.
Supportive ifManagement announces new plans. These plans aim for over $275 million in cash improvement.
Worry ifNo new plans are announced. Liquidity improvement goals are not met.
Why it matters: This sale is expected to provide up to $90.5 million in liquidity. It is crucial for Plug's cash position and strategic initiatives.
Supportive ifThe sale will close by July 31, 2026. This will confirm a liquidity boost.
Worry ifThe sale does not close by the expected date or fails to meet the liquidity target.
Why it matters: Positive operating income is key for long-term profit. It shows better cost control.
Supportive ifOperating income was positive by the end of 2027.
Worry ifOperating income is still negative by the end of 2027.
Why it matters: Progress on this project is key. It will help improve efficiency and reach profit goals.
Supportive ifManagement shares big news from Project Quantum Leap. This helps operations run better.
Worry ifThere are no updates or bad news about Project Quantum Leap's progress.
Why it matters: Earnings results will show progress toward positive EBITDAS. This is important for financial health.
Watch forQ2 earnings show revenue growth over 20% from last year. They also show progress toward positive EBITDAS.
Also watch forQ2 earnings show revenue growth below 20%. They also show continued negative EBITDAS.
Why it matters: More deployments show strong demand. This means growth in Plug's material handling business.
Supportive ifDeployments of GenDrive units exceed 1,500 in a quarter.
Worry ifDeployments are under 1,500 units. This shows weaker demand.
Why it matters: If EBITDAS is positive, it shows management's plan is working. This will help investors trust the company.
Supportive ifPlug reports positive EBITDAS in Q4 2026.
Worry ifPlug fails to achieve positive EBITDAS in Q4 2026.
Why it matters: Going over this target shows good financial health. It also means assets are being sold well.
Supportive ifPlug says liquidity improved by more than $275 million from selling assets.
Worry ifLiquidity is still below $275 million. This is true even after selling assets.
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.
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 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
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 | ±$280 on $10,000 · ±2.8% | How much price usually moves either way. |
| Bad day | $858 loss on $10,000 · 8.6% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $5,666 loss on $10,000 · 56.7% | 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.
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.