PLUG — Plug Power Inc

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

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$4.14
Market Cap$5.27B
Float1.33B
Shares Outstanding1.40B
P/E (Forward)13.11
Price/Sales (TTM)7.13
vs. Analyst Target-12.7% to analyst PT
Profit Margin-227.13%
Operating Margin (TTM)-63.56%
Revenue (TTM)$740M
Dividend RateNone
Analyst Target Price$3.62 (24 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 -$635M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $174M -$227M
Sep 2025 $177M -$362M
Dec 2025 $225M -$846M
Mar 2026 $164M -$245M

Ownership & Float

Insider Ownership4.5%
Institutional Ownership68.0%
Short Float25.8%
% of All Funds Holding5.40%
Number of Funds Holding444

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$3.12Near-term / short-term trend
Weekly40-Week SMA$2.49Medium-term trend
Weekly80-Week SMA$2.06Cyclical trend (business cycle)
Weekly200-Week SMA$6.13Secular trend (multi-year)
Monthly10-Month SMA$2.40Near-term monthly trend
Monthly20-Month SMA$1.99Medium-term monthly trend
Monthly40-Month SMA$4.10Secular 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 7 months ago
$0.90 support 1.40x 10 months ago

Historical Earnings Reactions (106 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.77% 0.00% 41.51% 14.92% -37.61%
1 Day -1.73% -1.18% 33.96% 23.20% -40.47%
1 Week -0.91% -2.92% 41.51% 34.63% -32.55%
2 Weeks -1.81% -2.18% 45.71% 48.00% -54.12%
1 Month -1.41% -2.88% 42.86% 64.00% -56.47%

Next earnings: July 30, 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
May1.5%42.3%26
Jun4.3%42.3%26
Jul-1.9%46.2%26
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 0.20% 43.9% 1254
Tuesday 0.27% 42.3% 1372
Wednesday -0.10% 43.0% 1371
Thursday 0.03% 43.0% 1344
Friday 0.21% 42.8% 1340

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 68.0%

Insider Transactions — Smart Summary

Total insider ownership: 4.5%

12-Month Insider Activity Summary

Total Filings7
Net Value+$333,181.123
Net Shares Change495,254
% of Float0.0%
C-Suite Filings7
Clusters Detected0

Key Insiders

NameTitleNet ValueFilingsActivity
MIDDLETON PAUL B Chief Financial Officer, Chief Accounting Officer and Executive VP +$672,035 1 1 buy
Haycraft Benjamin CSO and GM EMEA -$376,899.877 4 N/A
Crespo Jose Luis President and Chief Revenue Officer +$38,046 2 N/A

Significant Filings

DateInsiderTitleNet ValuePrice After
2025-06-09 MIDDLETON PAUL B Chief Financial Officer, Chief Accounting Officer and Executive VP +$672,035 Transaction at $1.03, now +300.4%
2026-01-14 Haycraft Benjamin CSO and GM EMEA -$86,800 Transaction at $2.17, now +90.8%
2025-12-17 Crespo Jose Luis President and Chief Revenue Officer +$87,282 Transaction at $2.34, now +76.9%
2025-12-12 Haycraft Benjamin CSO and GM EMEA -$243,454.397 Transaction at $2.60, now +59.1%
2025-06-13 Crespo Jose Luis Chief Revenue Officer -$49,236 Transaction at $1.32, now +213.6%
2025-11-12 Haycraft Benjamin CSO and EVP of EMEA Region -$29,200 Transaction at $2.92, now +41.8%

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 →