Plug Power Inc (PLUG) Stock Analysis
Verdict: AVOID
Severe cash burn and annual share dilution undermine restructuring gains, leaving PLUG dependent on external financing within ~10 months.
Investment score: 26/100
Analysis as of
Is Plug Power Inc stock worth reviewing? AI model thesis
The model evaluates PLUG as an AVOID due to negative gross margins (-18.5% TTM), an annual FCF burn of -$661.5M, and ~10 months of cash runway against $555.3M in cash, driving relentless equity dilution.
7-factor investment score
- Valuation: 15/100 (weight 20%)
- Financial Health: 10/100 (weight 15%)
- Technical Momentum: 35/100 (weight 15%)
- Earnings Quality: 40/100 (weight 15%)
- Insider Sentiment: 30/100 (weight 10%)
- Analyst Consensus: 45/100 (weight 10%)
- Risk-Adjusted Return: 20/100 (weight 15%)
Plug Power Inc opportunities and risks
What speaks for PLUG
- Gross margin restructuring programs begin reducing unit losses
What speaks against PLUG
- Cash runway exhaustion within ~10 months
Peers and competitors
| Ticker | P/E | P/S | EV/EBITDA | Gross margin | Net margin | FCF yield |
|---|---|---|---|---|---|---|
| PLUG | n/a | 4.1x | n/a | -18.5% | -220.6% | -17.7% |
| ENS | 20.2x | 1.9x | 12.9x | 30.5% | 9.3% | 10.2% |
| POWL | 36.5x | 6.0x | 25.5x | 30.1% | 16.5% | 3.5% |
| ST | 67.6x | 1.6x | 11.2x | 28.5% | 2.4% | 9.2% |
| ATKR | n/a | 1.1x | n/a | 19.6% | -5.5% | 1.8% |
| RUN | 5.3x | 0.6x | 23.5x | 34.5% | 2.3% | -62.5% |
| Peer median | 20.2x | 1.6x | 12.9x | 30.1% | 2.4% | 3.5% |
Frequently asked questions about Plug Power Inc (PLUG)
Is PLUG stock a good investment?
The cached TradeMates AI model rates Plug Power Inc as AVOID with an investment score of 26/100. The model evaluates PLUG as an AVOID due to negative gross margins (-18.5% TTM), an annual FCF burn of -$661.5M, and ~10 months of cash runway against $555.3M in cash, driving relentless equity dilution. This is algorithmic model output, not personal investment advice.
Is PLUG stock a buy?
The TradeMates model verdict for PLUG is AVOID with an investment score of 26/100. Treat this as a model signal to review, not a personal buy recommendation.