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Plug Power

DB:PLUN
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PLUN
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. The last earnings update was 22 days ago. More info.


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  • Plug Power has significant price volatility in the past 3 months.
PLUN Share Price and Events
7 Day Returns
-10.4%
DB:PLUN
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
47.3%
DB:PLUN
-8.2%
DE Electrical
-17.5%
DE Market
PLUN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Plug Power (PLUN) -10.4% -16.3% 13.2% 47.3% 53% 41.5%
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • PLUN outperformed the Electrical industry which returned -8.2% over the past year.
  • PLUN outperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
PLUN
Industry
5yr Volatility vs Market

PLUN Value

 Is Plug Power undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Plug Power to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Plug Power.

DB:PLUN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PLUN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 21%) (39.48%))
1.313
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.313 * 5.44%)
6.75%

Discounted Cash Flow Calculation for DB:PLUN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Plug Power is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:PLUN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.75%)
2020 -53.88 Analyst x3 -50.47
2021 -47.83 Analyst x2 -41.97
2022 -26.46 Analyst x2 -21.75
2023 4.13 Analyst x2 3.18
2024 43.09 Analyst x2 31.08
2025 73.15 Est @ 69.78% 49.42
2026 108.80 Est @ 48.73% 68.86
2027 145.78 Est @ 33.99% 86.43
2028 180.30 Est @ 23.68% 100.13
2029 209.97 Est @ 16.46% 109.23
Present value of next 10 years cash flows $334.00
DB:PLUN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $209.97 × (1 + -0.39%) ÷ (6.75% – -0.39%)
$2,928.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,928.06 ÷ (1 + 6.75%)10
$1,523.28
DB:PLUN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $334.00 + $1,523.28
$1,857.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,857.28 / 306.03
$6.07
DB:PLUN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PLUN represents 0.92209x of NasdaqCM:PLUG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92209x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 6.07 x 0.92209
€5.60
Value per share (EUR) From above. €5.60
Current discount Discount to share price of €3.26
= -1 x (€3.26 - €5.60) / €5.60
41.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Plug Power is available for.
Intrinsic value
42%
Share price is €3.26 vs Future cash flow value of €5.6
Current Discount Checks
For Plug Power to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Plug Power's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Plug Power's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Plug Power's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Plug Power's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PLUN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.36
NasdaqCM:PLUG Share Price ** NasdaqCM (2020-03-31) in USD $3.53
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Plug Power.

DB:PLUN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:PLUG Share Price ÷ EPS (both in USD)

= 3.53 ÷ -0.36

-9.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Plug Power is loss making, we can't compare its value to the DE Electrical industry average.
  • Plug Power is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Plug Power's expected growth come at a high price?
Raw Data
DB:PLUN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -9.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
45.6%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Plug Power, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Plug Power's assets?
Raw Data
DB:PLUN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $0.44
NasdaqCM:PLUG Share Price * NasdaqCM (2020-03-31) in USD $3.53
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:PLUN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:PLUG Share Price ÷ Book Value per Share (both in USD)

= 3.53 ÷ 0.44

7.95x

* Primary Listing of Plug Power.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Plug Power is overvalued based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Plug Power's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Plug Power has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PLUN Future Performance

 How is Plug Power expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
45.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Plug Power expected to grow at an attractive rate?
  • Plug Power's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Plug Power's earnings growth is expected to exceed the Germany market average.
  • Plug Power's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PLUN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PLUN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 45.6%
DB:PLUN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 23.1%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PLUN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PLUN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 785 58 61 3
2023-12-31 621 18 -2 3
2022-12-31 479 -13 -42 3
2021-12-31 378 -36 -66 5
2020-12-31 286 -45 -94 8
2020-04-01
DB:PLUN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 230 -52 -86
2019-09-30 192 -68 -91
2019-06-30 189 -61 -85
2019-03-31 167 -70 -92
2018-12-31 175 -58 -78
2018-09-30 146 -21 -81
2018-06-30 127 -47 -106
2018-03-31 111 -60 -123
2017-12-31 100 -60 -130
2017-09-30 102 -81 -130
2017-06-30 85 -72 -102
2017-03-31 86 -47 -73

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Plug Power's earnings are expected to grow significantly at over 20% yearly.
  • Plug Power's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PLUN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Plug Power Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PLUN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 0.12 0.25 -0.01 3.00
2023-12-31 -0.01 0.10 -0.10 3.00
2022-12-31 -0.14 -0.06 -0.21 3.00
2021-12-31 -0.23 -0.18 -0.30 5.00
2020-12-31 -0.32 -0.27 -0.46 8.00
2020-04-01
DB:PLUN Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.36
2019-09-30 -0.40
2019-06-30 -0.38
2019-03-31 -0.42
2018-12-31 -0.36
2018-09-30 -0.37
2018-06-30 -0.47
2018-03-31 -0.55
2017-12-31 -0.60
2017-09-30 -0.63
2017-06-30 -0.53
2017-03-31 -0.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Plug Power will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Plug Power's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Plug Power has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PLUN Past Performance

  How has Plug Power performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Plug Power's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Plug Power does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Plug Power's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Plug Power's 1-year growth to the DE Electrical industry average as it is not currently profitable.
Earnings and Revenue History
Plug Power's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Plug Power Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PLUN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 230.24 -85.52 44.33 33.68
2019-09-30 191.86 -90.63 42.35 32.76
2019-06-30 188.65 -84.96 40.60 33.14
2019-03-31 166.81 -92.31 39.21 32.63
2018-12-31 174.63 -78.17 38.20 33.91
2018-09-30 145.91 -80.76 37.63 34.11
2018-06-30 127.34 -106.19 38.51 33.15
2018-03-31 111.34 -122.95 44.17 31.34
2017-12-31 100.15 -130.18 45.01 28.69
2017-09-30 101.64 -129.96 45.39 26.20
2017-06-30 84.60 -102.38 44.49 23.77
2017-03-31 85.83 -72.89 35.14 22.35
2016-12-31 82.82 -57.59 34.29 21.18
2016-09-30 91.78 -63.58 34.50 19.52
2016-06-30 105.65 -60.40 34.06 18.65
2016-03-31 109.20 -56.50 33.51 16.88
2015-12-31 103.29 -55.80 34.16 14.95
2015-09-30 86.31 -37.75 33.54 12.63
2015-06-30 74.76 -36.89 30.89 10.14
2015-03-31 68.07 -23.81 28.90 8.12
2014-12-31 64.23 -88.64 26.60 6.47
2014-09-30 50.81 -110.39 18.29 5.07
2014-06-30 35.56 -116.96 15.49 4.20
2014-03-31 25.73 -130.12 12.70 3.62
2013-12-31 26.60 -62.79 14.60 3.12
2013-09-30 24.49 -42.34 12.87 3.69
2013-06-30 24.64 -36.71 13.17 4.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Plug Power has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Plug Power has efficiently used its assets last year compared to the DE Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Plug Power improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Plug Power's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Plug Power has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PLUN Health

 How is Plug Power's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Plug Power's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Plug Power is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Plug Power's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Plug Power's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Plug Power Company Filings, last reported 3 months ago.

DB:PLUN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 135.83 222.42 139.50
2019-09-30 12.05 203.80 43.28
2019-06-30 20.98 166.55 19.85
2019-03-31 30.46 150.26 39.34
2018-12-31 34.36 80.18 38.60
2018-09-30 15.11 82.37 13.83
2018-06-30 26.84 86.55 15.04
2018-03-31 50.20 85.91 46.75
2017-12-31 74.36 32.13 24.83
2017-09-30 87.46 40.01 7.96
2017-06-30 99.42 23.34 2.09
2017-03-31 69.64 23.84 11.77
2016-12-31 94.71 23.79 46.01
2016-09-30 94.77 23.54 42.49
2016-06-30 105.95 23.91 66.04
2016-03-31 117.18 23.96 66.88
2015-12-31 125.89 0.00 63.96
2015-09-30 149.80 11.15 85.01
2015-06-30 142.73 2.39 109.14
2015-03-31 150.21 2.48 131.54
2014-12-31 159.44 2.49 146.21
2014-09-30 165.00 0.00 156.46
2014-06-30 173.26 0.00 168.61
2014-03-31 48.35 0.00 63.23
2013-12-31 -15.50 2.49 5.03
2013-09-30 4.67 0.00 10.96
2013-06-30 9.42 0.00 7.41
  • Plug Power's level of debt (163.7%) compared to net worth is high (greater than 40%).
  • Plug Power had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Plug Power has sufficient cash runway for 2.1 years based on current free cash flow.
  • Unable to confirm if Plug Power has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Plug Power's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Plug Power has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PLUN Dividends

 What is Plug Power's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Plug Power dividends.
If you bought €2,000 of Plug Power shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Plug Power's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Plug Power's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PLUN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PLUN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2020-04-01

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Plug Power has not reported any payouts.
  • Unable to verify if Plug Power's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Plug Power's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Plug Power has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Plug Power's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Plug Power afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Plug Power has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PLUN Management

 What is the CEO of Plug Power's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andy Marsh
COMPENSATION $2,669,350
AGE 63
TENURE AS CEO 11.9 years
CEO Bio

Mr. Andrew J. Marsh, also known as Andy, has been the Chief Executive Officer and President of Plug Power Inc. since April 8, 2008. Mr. Marsh Co-Founded Valere Power Inc. in 2001 and served as its President and Chief Executive Officer until June 2007. He served for 18 years in various positions at Lucent Bell Laboratories and served as its Technical Director. He served as Chief Executive Officer of Eltek Valere Industrial GmbH from June 2007 to January 2008. He has 19 years of technical and Managerial experience in the communications power industry. He served as a Technical Director of Lucent Technologies Inc., where he Headed development activity for the Custom Power business unit. He has been a Director of Plug Power Inc. since April 8, 2008, Gevo, Inc. since February 12, 2015 and the Capital Region Center for Economic Growth. Mr. Marsh serves as a Director of Power Distribution Inc. He served as a Director of Valere Power Inc. Mr. Marsh has an MBA from Southern Methodist University, a Master of Science in Electrical Engineering from Duke University and a Bachelor of Science in Electrical Engineering Technology from Temple University where he is a Member of the 2017 Gallery of Success.

CEO Compensation
  • Andy's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Andy's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Plug Power management team in years:

5.2
Average Tenure
52
Average Age
  • The average tenure for the Plug Power management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Andy Marsh

TITLE
President
COMPENSATION
$3M
AGE
63
TENURE
11.9 yrs

Paul Middleton

TITLE
Senior VP & CFO
COMPENSATION
$1M
AGE
52
TENURE
5.3 yrs

Keith Schmid

TITLE
Senior VP & COO
COMPENSATION
$1M
AGE
56
TENURE
6.4 yrs

Gerard Conway

TITLE
Senior VP
COMPENSATION
$1M
AGE
54
TENURE
15.5 yrs

Jose Crespo

TITLE
Vice President of Global Sales
COMPENSATION
$1M
AGE
49
TENURE
5.2 yrs

Marty Hull

TITLE
Chief Accounting Officer & Corporate Controller
AGE
51
TENURE
4.9 yrs

Teal Hoyos

TITLE
Director of Marketing Communications

Tammy Kimble

TITLE
Vice President of Human Resources
TENURE
0.2 yrs

Sanjay K. Shrestha

TITLE
Chief Strategy Officer
AGE
45
TENURE
0.9 yrs

Chris Suriano

TITLE
Executive Vice President of Service
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the Plug Power board of directors in years:

9.4
Average Tenure
62
Average Age
  • The tenure for the Plug Power board of directors is about average.
Board of Directors

George McNamee

TITLE
Independent Chairman
COMPENSATION
$202K
AGE
72
TENURE
22.8 yrs

Andy Marsh

TITLE
President
COMPENSATION
$3M
AGE
63
TENURE
11.9 yrs

Gary Willis

TITLE
Independent Director
COMPENSATION
$182K
AGE
74
TENURE
17 yrs

Gregory Kenausis

TITLE
Independent Director
COMPENSATION
$167K
AGE
50
TENURE
6.4 yrs

Maureen Helmer

TITLE
Independent Director
COMPENSATION
$174K
AGE
63
TENURE
16.2 yrs

Johannes Roth

TITLE
Independent Director
COMPENSATION
$165K
AGE
40
TENURE
6.9 yrs

Luke Schneider

TITLE
Independent Director
COMPENSATION
$157K
AGE
50
TENURE
3 yrs

Jonathan Silver

TITLE
Independent Director
COMPENSATION
$142K
AGE
61
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Plug Power's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Plug Power has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PLUN News

Simply Wall St News

PLUN Company Info

Description

Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure. The company offers GenDrive, a hydrogen fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing maintenance and service program for GenDrive and GenSure fuel cells, GenFuel products, and ProGen engines; and GenSure, a stationary fuel cell solution that provides modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, a turn-key solution for transitioning to fuel cell power; and ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans. The company offers its products to retail-distribution and manufacturing businesses through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.

Details
Name: Plug Power Inc.
PLUN
Exchange: DB
Founded: 1997
$981,947,680
306,030,837
Website: http://www.plugpower.com
Address: Plug Power Inc.
968 Albany Shaker Road,
Latham,
New York, 12110,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM PLUG Common Shares Nasdaq Capital Market US USD 29. Oct 1999
DB PLUN Common Shares Deutsche Boerse AG DE EUR 29. Oct 1999
XTRA PLU Common Shares XETRA Trading Platform DE EUR 29. Oct 1999
LSE 0R1J Common Shares London Stock Exchange GB USD 29. Oct 1999
SWX PLUG Common Shares SIX Swiss Exchange CH CHF 29. Oct 1999
WBAG PLUG Common Shares Wiener Boerse AG AT EUR 29. Oct 1999
ETLX PLUN Common Shares Eurotlx IT EUR 29. Oct 1999
Number of employees
Current staff
Staff numbers
629
Plug Power employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 00:46
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/10
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.