Plug Power Stock Today
| PLUG Stock | USD 2.49 0.08 3.11% |
Performance0 of 100
| Odds Of DistressOver 60
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Plug Power is trading at 2.49 as of the 23rd of April 2024. This is a -3.11% down since the beginning of the trading day. The stock's lowest day price was 2.45. Plug Power has more than 60 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for Plug Power are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of May 2022 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 29th of October 1999 | Category Industrials |
Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. The company was founded in 1997 and is headquartered in Latham, New York. The company has 684.25 M outstanding shares of which 183.77 M shares are at this time shorted by private and institutional investors with about 5.36 trading days to cover. More on Plug Power
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Moving against Plug Stock
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Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
Plug Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Plug Power's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Plug Power or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Andrew Marsh | |||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Electrical Components & Equipment, Electrical Equipment & Parts, Industrials, NASDAQ Composite, NASDAQ Composite Total, Driverless Cars, Climate Change, Industrials, Electrical Equipment, Electrical Equipment & Parts, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Plug Power report their recommendations after researching Plug Power's financial statements, talking to executives and customers, or listening in on Plug Power's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Plug Power. The Plug consensus assessment is calculated by taking the average forecast from all of the analysts covering Plug Power. | ||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Plug Power's profitability, liquidity, and operating efficiency, Plug Power is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Plug Power is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Plug Power's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Plug Power's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Plug Power's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Plug Power's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Plug Power's financial leverage. It provides some insight into what part of Plug Power's total assets is financed by creditors.
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Plug Power (PLUG) is traded on NASDAQ Exchange in USA. It is located in 968 Albany Shaker Road, Latham, NY, United States, 12110 and employs 3,868 people. Plug Power is listed under Electrical Components & Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.7 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Plug Power's market, we take the total number of its shares issued and multiply it by Plug Power's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Plug Power conducts business under Electrical Equipment sector and is part of Industrials industry. The entity has 684.25 M outstanding shares of which 183.77 M shares are at this time shorted by private and institutional investors with about 5.36 trading days to cover.
Plug Power currently holds about 2.7 B in cash with (1.11 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.63, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Plug Power Probability Of Bankruptcy
Ownership AllocationPlug Power owns a total of 684.25 Million outstanding shares. 30% of Plug Power outstanding shares are owned by third-party entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Plug Ownership Details
Plug Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Plug Power jumping above the current price in 90 days from now is roughly 97.0%. The Plug Power probability density function shows the probability of Plug Power stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.5495 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Plug Power will likely underperform. Additionally, plug Power has an alpha of 0.0564, implying that it can generate a 0.0564 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Plug Power to move above the current price in 90 days from now is roughly 97.0 (This Plug Power probability density function shows the probability of Plug Stock to fall within a particular range of prices over 90 days) .
Plug Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Plug Power that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Plug Power's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Plug Power's value.| Instituion | Recorded On | Shares | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 3.4 M | |
| Amundi | 2023-12-31 | 3.2 M | |
| Bank Of America Corp | 2023-12-31 | 3.2 M | |
| Amvescap Plc. | 2023-12-31 | 2.9 M | |
| Goldman Sachs Group Inc | 2023-12-31 | 2.9 M | |
| Handelsbanken Fonder Ab | 2023-12-31 | 2.9 M | |
| Northern Trust Corp | 2023-12-31 | 2.8 M | |
| Mirae Asset Global Investments (korea) Co Ltd | 2023-12-31 | 2.8 M | |
| Wells Fargo & Co | 2023-12-31 | 2.7 M | |
| Vanguard Group Inc | 2023-12-31 | 54 M | |
| Blackrock Inc | 2023-12-31 | 51.3 M |
Plug Power Historical Income Statement
Plug Power Income Statement is one of the three primary financial statements used for reporting Plug's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Plug Power revenue and expense. Plug Power Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Plug Power's Total Revenue is most likely to increase significantly in the upcoming years. The Plug Power's current Other Operating Expenses is estimated to increase to about 2 B, while Operating Income is forecasted to increase to (991.8 M). View More FundamentalsPlug Stock Against Markets
Picking the right benchmark for Plug Power stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Plug Power stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Plug Power is critical whether you are bullish or bearish towards Plug Power at a given time. Please also check how Plug Power's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Plug Power without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Plug Power Corporate Directors
Plug Power corporate directors refer to members of a Plug Power board of directors. The board of directors generally takes responsibility for the Plug Power's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Plug Power's board members must vote for the resolution. The Plug Power board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Xavier Pontone | Independent Director | Profile | |
| Douglas Hickey | Independent Director | Profile | |
| Maureen Helmer | Independent Director | Profile | |
| Jonathan Silver | Director | Profile |
How to buy Plug Stock?
Before investing in Plug Power, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Plug Power. To buy Plug Power stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Plug Power. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Plug Power stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Plug Power stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Plug Power stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Plug Power, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Plug Stock please use our How to Invest in Plug Power guide.
Already Invested in Plug Power?
The danger of trading Plug Power is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Plug Power is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Plug Power. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Plug Power is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Plug Power is a strong investment it is important to analyze Plug Power's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Plug Power's future performance. For an informed investment choice regarding Plug Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plug Power. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more detail on how to invest in Plug Stock please use our How to Invest in Plug Power guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Plug Stock analysis
When running Plug Power's price analysis, check to measure Plug Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Plug Power is operating at the current time. Most of Plug Power's value examination focuses on studying past and present price action to predict the probability of Plug Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plug Power's price. Additionally, you may evaluate how the addition of Plug Power to your portfolios can decrease your overall portfolio volatility.
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Is Plug Power's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Plug Power. If investors know Plug will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Plug Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.30) | Revenue Per Share 1.497 | Quarterly Revenue Growth 0.006 | Return On Assets (0.12) | Return On Equity (0.39) |
The market value of Plug Power is measured differently than its book value, which is the value of Plug that is recorded on the company's balance sheet. Investors also form their own opinion of Plug Power's value that differs from its market value or its book value, called intrinsic value, which is Plug Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Plug Power's market value can be influenced by many factors that don't directly affect Plug Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Plug Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Plug Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Plug Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.