Reading PLUG? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track PLUG free→Reading PLUG? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track PLUG free→NASDAQIndustrialsElectrical Equipment & PartsSnapshot 2026-06-16
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
As of June 15, 2026, PLUG's recent financial performance is weak, and management's recent track record has been unsteady, with frequent disruptive changes. The company was unprofitable over the past year, so its earnings quality can't be assessed. Peer multiples imply a price roughly in line with where it trades (about fair); the read is fair, but weakening. This assessment hinges on the potential for guidance cuts, which could negatively impact estimates, and the performance of sector bellwethers, which could influence PLUG's momentum. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 1 valuation methods, at three horizons. Current price $2.71. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $2.80 PLUG trades at 4× p/s, below its 4× p/s peer median. Our $2.81 fair value sits above the price; medium confidence. Analysts: $1.00–$2.75. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 0% near-term growth, below our forecast of about 16%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
No fragility gates fired.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated weak grew net income 58% of the time over the next year (vs 62% for the rest of the cohort, n=3678).
Over the trailing year it converted 0.35x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, long-term interest rates, real (inflation-adjusted) rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.09 → $-0.08 (+10.4% / 30d). 4 raised, 2 cut, 8 covering analysts.
0 upgrades, 0 downgrades / 30d, 1 maintained. 25% of analysts rate Buy.
0 positive, 1 negative / 30d. See F4 management tile for the event list.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$290.
How much price usually moves either way.
On a bad day, this stock has moved -$894.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $5,666.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
Valuation label changed from 'fair' to 'expensive'.
Valuation changed. It fell from "full" to "fair." Risk rose. The sector backdrop remained a headwind. Recent financial performance was weak. Earnings quality is loss-making. Management is volatile.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Positive operating income is crucial for Plug Power's long-term goals. It signals growth.
Confirms:Q1 2027 operating income is positive. This shows progress toward making money.
Disproves:Q1 2027 operating income is negative. This shows no progress.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for PLUG yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
No upside scenarios in the latest snapshot.
No downside scenarios in the latest snapshot.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Class I director of the Board of Directors, member of the Audit Committee and Strategy & Financing Committee — Kavita Mahtani: Ms. Mahtani resigned to focus on her new executive position at Wells Fargo.
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
$1.00 – $2.75 (median $1.80) · 3 analysts · as of 2026-04-09
Looks more expensive than peers.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Electrical Components & Equipment.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
PLUG Plug Power, Inc. | Below typical Show detailsSector percentile: 4 of 100 | expensive | elevated |
ETN Eaton Corporation | Typical Show detailsSector percentile: 67 of 100 | full | moderate |
VRT Vertiv | Typical Show detailsSector percentile: 62 of 100 | expensive | elevated |
EMR Emerson Electric | Typical Show detailsSector percentile: 63 of 100 | fair | moderate |
BE Bloom Energy Corp. | Typical Show detailsSector percentile: 45 of 100 | expensive | high |
17 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Industrials names rated volatile grew net income 59% of the time over the next year (vs 59% for the rest of the cohort, n=840).
Not investment advice. As of 2026-06-16.
via XLI
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
The company aims to achieve positive EBITDAS by the fourth quarter of 2026.
The company aims to achieve positive operating income by the end of 2027.
The company aims to achieve full profitability by the end of 2028.
Why it matters: Full profitability is important for Plug Power's future. It affects how investors feel.
Confirms:The company says it will make full profits by the end of 2028.
Disproves:The company is not making progress toward full profits by 2028.
Why it matters: Achieving positive EBITDAS is a key goal for Plug Power. It shows financial improvement.
Confirms:Q4 2026 EBITDAS is positive. This shows better financial health.
Disproves:Q4 2026 EBITDAS is still negative. This shows ongoing financial struggles.
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.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 4, 2026, the Board of Directors (the “Board”) of Plug Power Inc. (the “Company”) appointed Jose Luis Crespo as a director of the Company. Mr. Crespo has been designated as a Class III director to serve until the Company’s 2026 annual meeting of the stockholders or until his successor has been duly elected and qualified, or until his earlie…
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 (the “Securities Act”), or the Exchange Act, except as expressly set forth by specific reference in such filing.
Entry Into a Material Definitive Agreement. On February 24, 2026, Plug Power Inc., a Delaware corporation, and its wholly owned subsidiary, Plug Project Holding Co., LLC, a Delaware limited liability company (together with Plug Power Inc., the “Company”), entered into a Purchase and Sale Agreement and Joint Escrow Instructions (the “Agreement”) with Stream US Data Centers, LLC, a Texas limited liability company (“Purchaser”), pursuant to which the Company agreed to sell to Purchaser certain r…