PLUG — Plug Power Inc

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates PLUG Bullish with a Setup Score of 33, net conviction 23, actionability 48. How the Setup Score works →

Total Setup Score33
Directional BiasBullish
Net Conviction23
Actionability48 (in range)

Key signals behind this score

About Plug Power Inc

Plug Power Inc. designs, develops, and sells hydrogen products and solutions in Europe, Australia, North America, and internationally. The company offers GenDrive, a hydrogen fueled PEM fuel cell system, which powers material handling EVs, including Class 1, 2, 3 and 6 electric forklifts, automated guided vehicles, and ground support equipment; GenFuel, a liquid hydrogen fueling, delivery, generation, storage, and dispensing system; and GenCare, … Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$2.27
Market Cap$3.07B
Float1.33B
Shares Outstanding1.40B
P/E (Forward)13.11
Price/Sales (TTM)4.13
vs. Analyst Target+56.5% to analyst PT
Profit Margin-220.59%
Operating Margin (TTM)-24.88%
Revenue (TTM)$744M
Dividend RateNone
Analyst Target Price$3.55 (20 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 -$93.2M -$596M -$469M -$551M
2021 $502M -$460M -$171M -$410M
2022 $701M -$724M -$194M -$633M
2023 $891M -$1.37B -$508M -$1.26B
2024 $629M -$2.10B -$625M -$1.98B
2025 $710M -$1.63B -$242M -$1.58B

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Sep 2025 $177M -$362M
Dec 2025 $225M -$846M
Mar 2026 $164M -$245M
Jun 2026 $178M -$188M

Ownership & Float

Insider Ownership4.5%
Institutional Ownership73.1%
Short Float22.1%
% of All Funds Holding5.70%
Number of Funds Holding501

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$2.28Near-term / short-term trend
Weekly40-Week SMA$2.47Medium-term trend
Weekly80-Week SMA$2.08Cyclical trend (business cycle)
Weekly200-Week SMA$4.74Secular trend (multi-year)
Monthly10-Month SMA$2.43Near-term monthly trend
Monthly20-Month SMA$2.02Medium-term monthly trend
Monthly40-Month SMA$3.38Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$1.60 support 1.20x 10 months ago
$0.90 support 1.40x 13 months ago

Historical Earnings Reactions (107 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.73% 0.00% 42.06% 14.92% -37.61%
1 Day -1.68% -1.17% 34.58% 23.20% -40.47%
1 Week -0.86% -2.60% 42.06% 34.63% -32.55%
2 Weeks -1.71% -2.18% 45.79% 48.00% -54.12%
1 Month -1.53% -2.88% 42.99% 64.00% -56.47%

Next earnings: October 29, 2026 (63 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan20.9%48.1%27
Feb-0.9%48.1%27
Mar1.4%44.4%27
Apr-1.9%48.1%27
May2.4%44.4%27
Jun3.0%40.7%27
Jul-2.7%44.4%27
Aug-1.5%42.3%26
Sep0.5%46.2%26
Oct2.1%46.2%26
Nov-0.3%40.7%27
Dec1.2%33.3%27

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.18% 43.6% 1267
Tuesday 0.26% 42.4% 1384
Wednesday -0.11% 42.8% 1384
Thursday 0.03% 42.8% 1357
Friday 0.20% 42.8% 1351

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 73.1%

Insider Transactions — Smart Summary

Total insider ownership: 4.5%

12-Month Insider Activity Summary

Total Filings6
Net Value-$289,617.877
Net Shares Change-167,446
% of Float-0.0%
C-Suite Filings5
Clusters Detected0

Key Insiders

NameTitleNet ValueFilingsActivity
Haycraft Benjamin CSO & GM EMEA -$376,899.877 4 N/A
HELMER MAUREEN O -$161,620 1 N/A
Crespo Jose Luis President & Chief Revenue Officer +$87,282 1 N/A

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-06-10 HELMER MAUREEN O -$161,620 Transaction at $3.23, now -29.8%
2026-01-14 Haycraft Benjamin CSO & GM EMEA -$86,800 Transaction at $2.17, now +4.6%
2025-12-17 Crespo Jose Luis President & Chief Revenue Officer +$87,282 Transaction at $2.34, now -3.0%
2025-12-12 Haycraft Benjamin CSO & GM EMEA -$243,454.397 Transaction at $2.60, now -12.7%
2025-11-12 Haycraft Benjamin CSO & EVP of EMEA Region -$29,200 Transaction at $2.92, now -22.3%
2025-09-18 Haycraft Benjamin CSO & GM of EMEA Region -$17,445.48 Transaction at $1.59, now +42.8%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Plug Power Inc (PLUG) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for PLUG on Trend Edge →