OakChart

Plug Power Inc

PLUGIndustrials·Electrical Equipment & Parts·USA·Small·NASD·Nov 11 • 9:41 AM ET

1.37+0.01 (0.63%)
2026-11-11 15:41 CET
Market cap
1,907.18 USD m
Revenue, TTM
767.63 USD m
Net income, TTM
-1,179.71 USD m
Free cash flow, TTM
-531.81 USD m
EPS diluted, TTM
-0.85
P/E
-
Compare

Price

PLUG against its 20, 50 and 200-day averages
2050200beatmiss
2.003.004.0098.5M197.0MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26PLUGclose 1.3720-day 1.4050-day 1.73200-day 2.361.37

68.3% under 4.33 on 2 Jun 2026. Last 15 sessions, 22.3% high to low

Profile

PLUG
52-week range, 2% of the way up
1.304.33

Plug Power, Inc. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. The company was founded by George C. McNamee and Larry G. Garberding on June 27, 1997, and is headquartered in Slingerlands, NY.

IndexRUT
Employees2582
IPOOct 29, 1999
Beta2.14
ATR, 14d0.10
Rel volume0.86
Short float21.07%
Insider own4.54%
Inst own58.75%

Snapshot

6 groups

Valuation

IndexRUT
Market Cap1.92B
Enterprise Value2.54B
Income-1.18B
Sales767.63M
Book/sh0.50
Cash/sh0.20
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout-
Employees2582
IPOOct 29, 1999

Ratios

P/E-
Forward P/E-
PEG-
P/S2.50
P/B2.72
P/C6.85
P/FCF-
EV/EBITDA-
EV/Sales3.30
Quick Ratio1.27
Current Ratio2.21
Debt/Eq1.26
LT Debt/Eq1.08
Option/ShortYes / Yes

Earnings

EPS (ttm)-0.85
EPS next Y-0.15
EPS next Q-0.04
EPS this Y77.92%
EPS next Y52.46%
EPS next 5Y61.59%
EPS past 3/5Y-4.44% 3.27%
Sales past 3/5Y0.40% 18.29%
EPS Y/Y TTM61.18%
Sales Y/Y TTM13.53%
EPS Q/Q120.77%
Sales Q/Q13.30%
EarningsNov 09 AMC
EPS/Sales Surpr.207.03% 1.13%

Ownership

Insider Own4.54%
Insider Trans-0.46%
Inst Own58.75%
Inst Trans2.77%
ROA-45.30%
ROE-111.16%
ROIC-80.18%
Gross Margin-3.02%
Oper. Margin-44.50%
Profit Margin-153.68%
SMA20-1.88%
SMA50-20.69%
SMA200-41.78%
Trades-

Technical

Shs Outstand1.40B
Shs Float1.33B
Short Float21.07%
Short Ratio5.11
Short Interest280.96M
52W High4.33 -68.28%
52W Low1.30 5.66%
Volatility10.19% 7.12%
ATR (14)0.10
RSI (14)40.40
Beta2.14
Rel Volume0.86
Avg Volume54.96M
Volume3,640,204

Performance

Perf Week-5.92%
Perf Month-11.95%
Perf Quarter-40.28%
Perf Half Y-65.31%
Perf YTD-30.27%
Perf Year-45.71%
Perf 3Y-61.09%
Perf 5Y-96.84%
Perf 10Y-6.56%
Recom2.61
Target Price3.20
Prev Close1.37
Price1.37
Change %0.63%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
May 12, 2026ReiteratedTTD CowenHold$2 → $3+118.4%
Jan 09, 2026DowngradeTTD CowenBuy → Hold$2+45.6%
Jan 27, 2025DowngradeSSeaport Research PartnersNeutral → Sell$1-27.2%
Nov 14, 2024DowngradeBBTIG ResearchBuy → Neutral
Apr 05, 2024DowngradeCCitigroupNeutral → Sell$2+45.6%
Feb 06, 2024InitiatedRRedburn AtlanticNeutral$4.50+227.6%
Feb 06, 2024DowngradeUUBSBuy → Neutral$4.75+245.8%
Feb 06, 2024DowngradeSSeaport Research PartnersBuy → Neutral
Jan 31, 2024UpgradeRROTH MKMNeutral → Buy$4.50 → $9+555.2%
Jan 24, 2024DowngradeBBMO Capital MarketsMarket Perform → Underperform$3.50 → $2.50+82.0%

Peers

Mkt cap
TickerCompanyMkt cap
BLDPBallard Power Systems Inc530.15M
FCELFuelcell Energy Inc872.70M
ENSEnersys5.48B
BEBloom Energy Corp60.71B
ELVAElectrovaya Inc255.00M
EOSEEos Energy Enterprises Inc719.65M
FLUXFlux Power Holdings inc7.99M
HYLNHyliion Holdings Corp539.37M
APDAir Products & Chemicals Inc69.60B
LINLinde Plc238.98B

Insider trading

latest 14 of 18
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Haycraft BenjaminCSO & GM EMEAOct 15 '26Sale1.419,37513,21991,874Oct 19 04:29 PM
Haycraft BenjaminOfficerOct 15 '26Proposed Sale1.419,37513,218Oct 15 10:09 AM
Haycraft BenjaminCSO & GM EMEASep 18 '26Sale2.14200,000428,300101,249Sep 22 04:18 PM
Haycraft BenjaminOfficerSep 18 '26Proposed Sale2.14200,000428,300Sep 18 11:20 AM
Haycraft BenjaminCSO & GM EMEASep 15 '26Sale2.0618,75038,625301,249Sep 15 04:26 PM
Haycraft BenjaminCSO & GM EMEASep 11 '26Sale2.1413,81029,553319,999Sep 15 04:26 PM
Haycraft BenjaminOfficerSep 15 '26Proposed Sale2.0618,75038,625Sep 15 01:37 PM
Haycraft BenjaminOfficerSep 11 '26Proposed Sale2.1413,81029,553Sep 11 12:22 PM
COLIN ANGLEDirectorSep 09 '26Proposed Sale2.2644,957101,603Sep 09 04:20 PM
HELMER MAUREEN ODirectorJun 08 '26Sale3.2350,000161,620321,565Jun 10 04:05 PM
MAUREEN HELMERDirectorJun 08 '26Proposed Sale3.2150,000160,750Jun 08 04:36 PM
Haycraft BenjaminCSO & GM EMEAJan 12 '26Sale2.1740,00086,800333,809Jan 14 04:30 PM
Haycraft BenjaminOfficerJan 12 '26Proposed Sale2.1740,00086,800Jan 12 03:28 PM
Crespo Jose LuisSee RemarksDec 15 '25Buy2.3437,30087,282307,332Dec 17 09:06 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
IWMiShares Russell 2000 Index FundAUM: 77.38B
VBKVanguard Morningstar Small-Cap Growth ETFAUM: 22.34B
ICLNiShares Global Clean Energy ETFAUM: 2.08B
VXFVanguard Extended Market Index ETFAUM: 30.47B
IWOiShares Russell 2000 Growth ETFAUM: 14.06B
VTWOVanguard Russell 2000 Index ETFAUM: 16.75B
SCHASchwab U.S. Small-Cap ETFAUM: 22.25B
DFASU.S. Small Cap Portfolio-ETF Class Shares-

News

latest 14 of 206
  • Plug Power Misses On Adjusted EPS As Record-Low Cash Burn Collides With A Heavy Q4 Revenue Hurdle (Earnings Whispers) -9.00%
  • Plug Reports Third Quarter Revenue of ~$201 Million, ~65 Percentage Point YoY Gross Margin Improvement, Record-Low Net Cash Usage with ~54% reduction sequentially (GlobeNewswire)
  • Top clean energy stocks to watch as Democratic sweep improves outlook (Investing.com)
  • Plug Power's Turnaround Faces A Credibility Test As Shares Sink Toward Lows (Earnings Whispers) +7.63%
  • Plug Power Appoints Lee Sweetland to Lead PEM Stack Industrialization and Manufacturing Efficiency (InvestorsHub)
  • Loading…
  • Plug Power Appoints Dr. Lee Sweetland as Global Engineering Industrialization Lead (GlobeNewswire)
  • Is Bloom Energy Stock Priced Right Against Its Peers? (Trefis) -7.07%
  • Bloom Energy Is an AI Power Supply Bottleneck Bellwether. Why the Stock Is Tumbling. (Barrons.com)
  • Plug Power Reports Continued Business Progress, Sets Dates for Third Quarter 2026 Earnings Call and Global Plug Symposium (GlobeNewswire)
  • Why Did SOFI, PLUG, ASTS Stocks Plunge To 52-Week Lows? (Stocktwits)
  • What Are Bloom Energy Investors Betting On? (Trefis) -7.05%
  • What Is Driving The Move In Bloom Energy Stock? (Trefis)
  • What Needs To Be True To Buy Plug Power Stock? (Trefis)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-090.070-0.0650.070200.6198.3617
2026Q22026-08-10-0.140-0.078-0.135178.3169.1119
2026Q12026-05-11-0.180-0.098-0.177163.51139.8717
2025Q42026-03-02-0.630-0.104-0.607225.2217.3818
2025Q32025-11-10-0.310-0.124-0.312177.06176.3220
2025Q22025-08-11-0.200-0.154-0.202173.97158.0420
2025Q12025-05-12-0.210-0.191-0.208133.67132.2422
2024Q42025-03-03-1.487-0.229-1.461191.5262.4223
2024Q32024-11-12-0.250-0.243-0.246173.73207.2524
2024Q22024-08-08-0.360-0.308-0.356143.35184.5423
2024Q12024-05-09-0.460-0.328-0.461120.26157.3421
2023Q42024-03-01-1.080-0.368-1.060222.16235.2220
2023Q32023-11-09-0.470-0.305-0.473198.71219.5724
2023Q22023-08-09-0.400-0.266-0.395260.18237.7224
2023Q12023-05-09-0.350-0.266-0.351210.29205.4823
2022Q42023-03-01-0.380-0.248-0.383220.7281.2124

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY-0.360-0.374-0.361230.24224.34
2020FY-1.580-0.321-1.680-100.47306.36
2021FY-0.820-0.567-0.824502.34497.13
2022FY-1.250-1.103-1.249701.44755.87
2023FY-2.300-1.581-2.299891.34915.59
2024FY-2.673-1.239-2.681629.04700.8
2025FY-1.420-0.805-1.420709.92702.02
2026FY--0.322--821.46
2027FY--0.150--973.56
2028FY--0.081--1,160
2029FY--0.017--1,457
2030FY-0.047--1,900

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-101728277.77257301.9
2026Q4S2026-11-091705279.89257301.9
2026Q4S2026-10-261705279.89257301.9
2026Q4S2026-10-251724280.1257301.9
2026Q4S2026-10-201758280.1257301.9
2026Q4S2026-10-191767280.39257301.9
2026Q4S2026-10-161667280.96257301.9
2026Q4S2026-10-151676281.52257301.9
2026Q4S2026-10-141676281.52257301.9
2026Q4S2026-10-131685282.27257301.9
2026Q4S2026-10-021685282.26257301.9
2026Q4S2026-09-281684284.06257301.9
2026Q4S2026-09-141684284.05257301.9
2026Q4S2026-08-231584284.25257301.9

Estimate history

EPS, annual-0.602-0.357-0.361-1.68-0.824-1.249-2.299-2.681-1.423-0.8541
Period201720182019202020212022202320242025TTM
EPS, quarterly-0.246-1.461-0.208-0.202-0.312-0.607-0.177-0.1350.065
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual100.153174.632229.975306.463502.342701.44891.34628.814709.919767.63
Period201720182019202020212022202320242025TTM
Sales, quarterly173.73191.47133.674173.97177.055225.22163.513178.299200.602
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual228.486219.158303.379458.051577.655590.346606.136913.8971393.2711398.275
Period201720182019202020212022202320242025MRQ
Shares, quarterly880.45913.897977.3541147.221200.5121393.2711394.6561396.8981398.275
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue767.63709.92628.81891.34701.44502.34306.46229.97174.63
Cost of Goods Sold Incl. D&A790.82951.961,253.701,399.13895.80656.65376.18219.33172.01
Gross Profit-23.19-242.04-624.89-507.79-194.36-154.31-69.7210.652.62
Selling, General and Administrative Excl. Other318.44437.53453.34536.21463.51244.61107.2058.2672.11
Research and Development50.3857.9677.23113.7599.5864.7627.8515.0633.91
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income-341.63-679.57-1,078.22-1,044.01-657.86-398.92-176.91-47.61-69.48
Interest Expense74.7765.1346.6245.2039.0443.2360.4835.6922.14
Unusual Expense850.23920.59961.32288.1040.8331.66389.600.44-4.29
Net Income Before Taxes-1,241.13-1,693.31-2,107.59-1,376.20-723.17-476.16-627.00-83.74-87.33
Income Taxes0.540.36-2.69-7.360.84-16.20-30.840.00-9.22
Consolidated Net Income-1,241.68-1,693.67-2,104.91-1,368.83-724.01-459.96-596.15-83.74-78.11
Net Income From Continuing Operations-1,179.71-1,631.59-2,104.70-1,368.83-724.01-459.96-596.15-83.74-78.11
Net Income-1,179.71-1,631.59-2,104.70-1,368.83-724.01-459.96-596.18-85.56-78.17
EPS (Recurring)-0.38-0.86-1.82-1.96-1.20-0.78-0.91-0.36-0.37
EPS (Basic, Before Extraordinaries)-0.85-1.42-2.68-2.30-1.25-0.82-1.68-0.36-0.36
EPS (Diluted)-0.85-1.42-2.68-2.30-1.25-0.82-1.68-0.36-0.36
EBITDA-312.99-635.01-993.67-972.92-606.27-375.56-161.34-34.98-57.78
Non-Operating Income (Expense)25.49-28.02-21.421.1114.56-2.350.000.000.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense35.4631.9955.57118.50134.1176.4717.1410.896.93
Price To Sales Ratio3.883.182.663.0110.2231.3739.263.261.55
Gross Margin-3.02-34.09-99.38-56.97-27.71-30.72-22.754.631.50
Operating Margin-44.50-95.73-171.47-117.13-93.79-79.41-57.73-20.70-39.79
Net Margin-153.68-229.83-334.71-153.57-103.22-91.56-194.54-37.20-44.76
Shares Outstanding1,398.281,393.27913.90606.14590.35577.65458.05303.38219.16
Market Capitalization1,907.181,907.181,940.852,724.767,210.5216,270.5313,623.00824.98289.40

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue200.60178.30163.51225.22177.06173.97133.67191.47
Cost of Goods Sold Incl. D&A205.96179.97185.12219.77297.22227.44207.53426.00
Gross Profit-5.36-1.68-21.615.45-120.17-53.47-73.86-234.53
Selling, General and Administrative Excl. Other80.9042.6982.32112.54126.71100.0998.20134.72
Research and Development12.5513.4212.1112.2916.1212.1917.3613.29
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income-86.25-44.36-103.93-107.09-246.88-153.55-172.06-369.25
Interest Expense19.2916.8917.3521.2416.4615.9411.4916.64
Unusual Expense-177.84123.36129.18775.53104.6323.0417.39936.00
Net Income Before Taxes99.08-189.90-246.00-904.33-363.41-228.72-196.86-1,338.20
Income Taxes0.040.210.040.250.090.010.00-2.57
Consolidated Net Income99.04-190.10-246.04-904.58-363.50-228.73-196.86-1,335.63
Net Income From Continuing Operations99.77-188.21-245.30-845.97-361.87-227.10-196.66-1,335.63
Net Income99.77-188.21-245.30-845.97-361.87-227.10-196.66-1,335.42
EPS (Recurring)-0.02-0.07-0.11-0.22-0.25-0.19-0.20-0.74
EPS (Basic, Before Extraordinaries)0.07-0.14-0.18-0.61-0.31-0.20-0.21-1.46
EPS (Diluted)0.06-0.14-0.18-0.61-0.31-0.20-0.21-1.46
EBITDA-77.81-36.89-96.71-101.58-236.75-138.78-157.92-336.19
Non-Operating Income (Expense)26.78-5.284.46-0.464.56-36.194.07-16.31
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense8.738.448.829.477.881.408.4712.60
Price To Sales Ratio3.885.074.253.873.992.491.993.10
Gross Margin-2.67-0.94-13.212.42-67.87-30.73-55.25-122.49
Operating Margin-43.00-24.88-63.56-47.55-139.43-88.26-128.71-192.85
Net Margin49.73-105.56-150.02-375.62-204.38-130.54-147.12-697.46
Shares Outstanding1,398.281,396.901,394.661,393.271,200.511,147.22977.35913.90
Market Capitalization1,907.183,780.643,150.352,741.532,756.931,708.371,311.771,940.85

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments555.29403.70351.582,158.413,869.531,312.40139.5038.6024.83
Short Term Receivables240.03251.30370.06194.91131.3161.2339.0237.3524.18
Inventories520.97682.64961.25645.64269.16139.3972.3947.9148.78
Other Current Assets93.99139.84104.07306.35178.5290.1862.7531.7621.82
Total Current Assets1,410.271,477.481,786.963,305.304,448.521,603.20313.66155.62119.61
Net Property, Plant & Equipment630.991,280.302,004.691,223.12573.56273.10147.71159.6297.48
Total Investments and Advances485.61722.50881.3431.2512.890.000.000.000.00
Intangible Assets29.2384.66188.89456.33378.64111.6414.3812.9113.23
Other Assets38.4837.9040.86748.28536.46263.35183.7662.1840.49
Total Assets2,594.573,602.854,902.745,764.285,950.082,251.28659.51390.33270.81
Short Term Debt Incl. Current Port. of LT Debt160.71226.40159.88121.0892.8373.3260.7891.0753.27
Accounts Payable168.74180.97257.83191.9092.3150.2040.3834.8242.36
Income Tax Payable24.6824.18-15.1110.633.670.91--
Other Current Liabilities256.46316.94547.09307.19224.7895.1831.9020.4820.09
Total Current Liabilities610.59748.49964.80635.27420.55222.37133.96146.37115.72
Long Term Debt836.46852.24808.97777.65717.32488.61368.51181.4650.44
Provision for Risks Charges52.320.000.000.000.000.000.000.000.00
Other Liabilities91.88194.37230.84291.14206.5173.3925.9928.1430.29
Total Liabilities1,591.251,795.092,004.611,704.061,344.38784.36528.46355.97196.46
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.001.1531.640.71
Common Equity978.071,734.142,898.124,060.214,605.701,466.92129.902.7173.65
Total Shareholders Equity978.071,734.142,898.124,060.214,605.701,466.92131.0534.3674.36
Accumulated Minority Interest25.2573.620.000.000.000.000.000.000.00
Total Equity1,003.311,807.762,898.124,060.214,605.701,466.92131.0534.3674.36
Total Liabilities & Stockholders Equity2,594.573,602.854,902.745,764.285,950.082,251.28659.51390.33270.81
Book Value Per Share0.701.904.786.887.973.200.430.010.32
Tangible Book Value Per Share0.681.804.476.107.322.960.38-0.050.26
Full-Time Employees2,5823,2243,8683,3532,4491,285835685644
Price to Book Ratio2.700.620.781.703.5410.597.12100.166.19
Return on Assets-52.65-49.49-25.66-12.36-11.22-39.45-15.95-23.63-49.68
Return on Equity-120.31-90.87-39.34-16.71-15.15-74.39-101.26-143.71-150.33
Return on Invested Capital-89.92-81.38-36.92-14.97-8.64-30.49-16.76-36.20-101.83
Quick Ratio1.461.060.864.199.946.581.800.740.61
Current Ratio2.311.971.855.2010.587.212.341.061.03

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income-1,241.68-1,693.67-2,104.91-1,368.83-724.01-459.96-596.15-83.74-78.11
Depreciation28.6444.5684.5671.0851.6023.3715.5712.6411.71
Other Funds (Non Cash)921.501,141.251,301.99661.59241.21168.45480.6527.4013.43
Funds from Operations-291.53-507.85-721.51-644.69-431.03-284.35-130.78-43.71-52.98
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-177.64-27.99-7.13-461.88-189.80-73.83-24.70-9.62-4.64
Cash from Operating Activities-469.17-535.84-728.64-1,106.57-620.83-358.18-155.48-53.32-57.62
Capital Expenditures-62.64-125.64-334.25-696.13-463.87-193.27-50.22-14.62-19.57
Net Assets From Acquisitions0.000.000.000.00-56.91-136.53-45.110.00-
Sale of Fixed Assets and Businesses41.591.7810.661.100.000.000.000.38-
Purchase or Sale of Investments36.900.000.001,495.67-158.59-1,411.100.000.000.00
Purchase of Investments0.000.000.000.00-882.15-3,346.760.000.000.00
Sale Or Maturity of Investments36.900.000.001,495.67723.551,935.660.000.000.00
Other Uses-25.34-19.87-68.62-72.600.000.000.000.000.00
Other Sources6.506.500.000.000.000.000.000.000.00
Cash from Investing Activities-2.99-137.23-392.20728.05-679.37-1,740.89-95.33-14.24-19.57
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock370.83720.66858.031.612.303,610.801,287.48169.61-5.23
Repurchase of Common Pref Stock0.000.000.000.000.000.00-16.25-4.04-43.50
Sale of Common Pref Stock370.83720.66858.031.612.303,610.801,303.74173.6538.27
Proceedsfrom Stock Options-23.53328.42857.870.000.003,603.281,271.71172.4338.13
Issuance or Reduction of Debt, Net-78.03-282.08137.4124.62-53.3620.61203.89157.37124.58
Change in Long Term Debt-78.03-282.08137.4124.62-53.3620.61203.89157.37124.58
Issuance of Long Term Debt399.98399.98250.90104.25122.89108.92369.36241.91172.03
Reduction of Long Term Debt-478.01-682.06-113.49-79.64-176.24-88.31-165.47-84.54-47.45
Net Financing Active Other Cash Flow-61.59189.59-22.43-20.11-26.40-33.6324.160.000.00
Other Financing Activities Uses-55.52-53.72-22.43-20.11-26.40-33.630.000.000.00
Cash from Financing Activities231.21628.17973.016.12-77.463,597.781,515.53326.97119.34
Exchange Rate Effect-5.08-1.8319.40-7.802.60-0.800.07-0.06-0.06
Net Change in Cash-246.03-46.73-128.44-380.20-1,375.061,497.911,264.78259.3542.10
Free Cash Flow-531.81-661.48-1,062.89-1,802.70-1,084.71-550.51-203.74-65.54-76.26
Preferred Dividends (Cash Flow)-0.000.000.000.000.00---
Deferred Taxes & Investment Tax Credit-0.01-3.15-8.530.17-16.20-30.840.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments280.42317.42406.87555.29355.15336.18
Short Term Receivables243.42229.04211.61240.03192.98236.46
Inventories472.43493.44516.15520.97555.09643.93
Other Current Assets114.21106.44140.1593.9987.66113.44
Total Current Assets1,110.481,146.341,274.791,410.271,190.891,330.00
Net Property, Plant & Equipment540.55579.65583.54630.991,253.681,309.93
Total Investments and Advances372.25404.82440.75485.61537.13586.82
Intangible Assets26.3627.2928.2329.2377.9581.04
Other Assets54.3734.4740.8738.4845.1145.99
Total Assets2,104.012,192.572,368.182,594.573,104.753,353.78
Short Term Debt Incl. Current Port. of LT Debt123.14123.71142.59160.71429.39378.25
Accounts Payable147.02144.26144.25168.74162.22152.06
Income Tax Payable---24.68--
Other Current Liabilities231.42225.92253.87256.46310.90305.46
Total Current Liabilities501.57493.88540.71610.59902.51835.77
Long Term Debt765.35913.24867.59836.46562.03613.72
Provision for Risks Charges0.00136.25106.9652.320.000.00
Other Liabilities125.7161.9079.0491.88141.58140.33
Total Liabilities1,392.621,605.281,594.301,591.251,606.131,589.82
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity705.90581.75749.81978.071,416.631,681.07
Total Shareholders Equity705.90581.75749.81978.071,416.631,681.07
Accumulated Minority Interest5.495.5424.0825.2581.9982.89
Total Equity711.38587.29773.891,003.311,498.621,763.96
Total Liabilities & Stockholders Equity2,104.012,192.572,368.182,594.573,104.753,353.78
Book Value Per Share0.500.420.540.701.181.47
Tangible Book Value Per Share0.490.400.520.681.121.39
Full-Time Employees---2,582--
Price to Book Ratio2.705.043.221.671.590.78
Return on Assets-45.30-59.19-55.99-52.65-54.19-48.45
Return on Equity-111.16-145.07-128.90-120.31-95.42-84.40
Return on Invested Capital6.78-12.59-15.17-46.62-18.29-9.90
Quick Ratio1.271.321.401.460.700.82
Current Ratio2.212.322.362.311.321.59

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income99.04-190.10-246.04-904.58-363.50-228.73
Depreciation8.447.477.225.5110.1314.78
Other Funds (Non Cash)-183.56139.68142.70822.67207.4683.25
Funds from Operations-76.08-42.95-96.12-76.38-145.91-130.70
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-0.34-51.12-53.92-72.2656.09-61.11
Cash from Operating Activities-76.42-94.06-150.04-148.64-89.81-191.81
Capital Expenditures-14.80-30.66-8.11-9.06-30.10-40.42
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses40.001.030.300.261.520.00
Purchase or Sale of Investments0.7536.150.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.7536.150.000.000.000.00
Other Uses0.00-6.23-0.37-18.74-0.29-0.32
Other Sources0.000.000.006.500.000.00
Cash from Investing Activities25.950.29-8.18-21.05-28.87-40.74
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock0.491.550.09368.70-124.48200.39
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock0.491.550.09368.70-124.48200.39
Proceedsfrom Stock Options0.000.000.00-23.53-124.49200.39
Issuance or Reduction of Debt, Net-16.20-21.13-29.77-10.94-34.38-166.80
Change in Long Term Debt-16.20-21.13-29.77-10.94-34.38-166.80
Issuance of Long Term Debt0.000.000.00399.980.000.00
Reduction of Long Term Debt-16.20-21.13-29.77-410.92-34.38-166.80
Net Financing Active Other Cash Flow-1.48-16.60-2.37-41.15244.36-0.76
Other Financing Activities Uses-1.48-16.60-2.37-35.08-5.01-0.76
Cash from Financing Activities-17.19-36.18-32.04316.6185.5032.83
Exchange Rate Effect-0.88-0.53-1.71-1.965.41-0.09
Net Change in Cash-68.54-130.49-191.97144.96-27.78-199.81
Free Cash Flow-91.22-124.72-158.16-157.71-119.91-232.23

Revenue breakdown

Fuel Delivered To Customers And Related Equipment2024: 97.88M 2025: 133.41M
Other Product And Services2024: 10.59M 2025: 3.39M
Power Purchase Agreements2024: 77.84M 2025: 107.57M
Sale Of Cryogenic Equipment2024: 111.51M 2025: 95.69M
Sale Of Electrolyzers2024: 135.50M 2025: 187.78M
Sale Of Engineered Equipment2024: 22.09M 2025: 6.85M
Sale Of Hydrogen Infrastructure2024: 69.12M 2025: 26.75M
Sales Of Fuel Cell Systems2024: 52.11M 2025: 54.01M
Services Performed On Fuel Cell Systems And Related Infrastructure2024: 52.17M 2025: 94.46M
Non-US2024: 200.60M 2025: 173.98M
United States2024: 428.22M 2025: 535.94M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-3021.07%281.0M1333.8M53.23M
2026-10-1521.89%292.0M1333.8M54.05M
2026-09-3021.34%284.6M1333.8M53.63M
2026-09-1521.54%287.3M1333.6M54.99M
2026-08-3121.82%291.0M1333.5M56.84M
2026-08-1421.82%290.9M1333.5M61.56M
2026-07-3122.08%294.0M1331.5M65.40M
2026-07-1524.79%330.1M1331.5M70.84M
2026-06-3025.59%340.7M1331.5M74.32M
2026-06-1525.50%339.6M1331.9M75.72M
2026-05-2926.07%347.3M1332.1M82.29M
2026-05-1525.58%340.7M1331.7M82.52M
2026-04-3025.81%343.5M1330.7M82.42M
2026-04-1525.90%344.6M1330.7M89.54M
2026-03-3125.53%339.7M1330.5M93.32M
2026-03-1324.73%329.1M1330.5M97.43M
2026-02-2724.60%327.3M1330.5M97.23M
2026-02-1326.09%346.6M1328.3M101.72M
2026-01-3026.23%348.4M1328.3M105.79M
2026-01-1525.61%340.2M1328.3M103.45M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call0.500.000.000.91-28.000.00---
call1.000.000.000.36-1,2950.00---
call1.500.000.000.02-13,5070.00---
call2.000.000.000.01-17,6160.00---
call2.500.000.000.01-1,5210.00---
call3.000.000.000.01-2760.00---
call3.500.000.000.02-4.000.00---
call4.000.000.000.01-2.000.00---
put0.500.000.000.01-39.000.00---
put1.000.000.000.01-6890.00---
put1.500.000.000.15-1,5810.00---
put2.000.000.000.65-1610.00---
put2.500.000.001.14-11.000.00---
put3.000.000.001.46-10.000.00---
put3.500.000.002.07-4.000.00---
put4.000.000.002.51-0.000.00---

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-0910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-098-KCurrent report2026-11-09SEC
2026-10-194Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-15144Filing for proposed sale of securities under Rule 144.SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-09-238-KCurrent report2026-09-17SEC
2026-09-224Statement of changes in beneficial ownership of securities2026-09-18SEC
2026-09-18144Filing for proposed sale of securities under Rule 144.SEC
2026-09-154Statement of changes in beneficial ownership of securities2026-09-11SEC
2026-09-15144Filing for proposed sale of securities under Rule 144.SEC
2026-09-11144Filing for proposed sale of securities under Rule 144.SEC
2026-09-09144Filing for proposed sale of securities under Rule 144.SEC
2026-08-1010-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-108-KCurrent report2026-08-10SEC
2026-07-29SCHEDULE 13G/ASEC
2026-07-138-KCurrent report2026-07-09SEC
2026-07-064Statement of changes in beneficial ownership of securities2026-07-01SEC
2026-07-064Statement of changes in beneficial ownership of securities2026-07-01SEC
2026-07-064Statement of changes in beneficial ownership of securities2026-06-25SEC
2026-07-064Statement of changes in beneficial ownership of securities2026-07-01SEC
2026-07-064Statement of changes in beneficial ownership of securities2026-07-01SEC
2026-07-024Statement of changes in beneficial ownership of securities2026-06-30SEC
2026-06-294Statement of changes in beneficial ownership of securities2026-06-25SEC
2026-06-294Statement of changes in beneficial ownership of securities2026-06-25SEC
2026-06-294Statement of changes in beneficial ownership of securities2026-06-25SEC
2026-06-294Statement of changes in beneficial ownership of securities2026-06-25SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100013.22K1
2026-0900496.48K3
2026-080000
2026-070000
2026-0600161.62K1
2026-050000
2026-040000
2026-030000
2026-020000
2026-010086.80K1
2025-1287.28K188.00K1
2025-110029.20K1

Institutional holders

Manager% owned
BlackRock, Inc.13.19%
VANGUARD PORTFOLIO MANAGEMENT LLC4.74%
VANGUARD CAPITAL MANAGEMENT LLC4.51%
STATE STREET CORP2.78%
GEODE CAPITAL MANAGEMENT, LLC2.63%
UBS Group AG2.49%
CITADEL ADVISORS LLC1.73%
TWO SIGMA INVESTMENTS, LP1.62%
D. E. Shaw & Co., Inc.1.57%
DIMENSIONAL FUND ADVISORS LP1.30%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND3.18%
iShares Russell 2000 ETF2.55%
VANGUARD SMALL-CAP INDEX FUND2.29%
iShares Global Clean Energy ETF2.14%
VANGUARD SMALL-CAP GROWTH INDEX FUND1.32%
VANGUARD EXTENDED MARKET INDEX FUND1.15%
Fidelity Small Cap Index Fund1.07%
iShares Russell 2000 Growth ETF0.90%
iShares Convertible Bond ETF0.63%
VANGUARD RUSSELL 2000 INDEX FUND0.56%

OakChart. PLUG. Cached 15 minutes.