Plug Power Corp (PLUG) - Market Cap to Earnings

Plug Power Inc - graphic logo of issuer PLUG

Plug Power Inc. is expanding its presence in stationary power and trucking, reducing its reliance on warehouse equipment. The company's fundamental P/E helps assess market expectations, with the metric currently standing at -1.30. Growth prospects rely on the launch of new plants and partnerships, although high sensitivity to government subsidies and the cost of borrowed capital remains a key scaling risk.

Plug Power Corp - PLUG P/E Multiple (period 07/04/2022 - 11/10/2026)
Flagship merchandise of Plug Power Corp

The P/E ratio determines the market value of a single unit of profit, allowing an investor to assess the extent of overpayment for an asset relative to its actual yield. The P/E dynamics based on the financial statements of Plug Power Inc. (PLUG) reflect the dependence of the company's capitalization on borrowing costs and government subsidies, which is critical for a business in the phase of aggressive scaling of hydrogen infrastructure.

Analysis of competing companies

FSLR: Company Value to Net Income|P/E Multiple BE|BEP - Market Cap to Earnings|Price to Earnings Ratio Brookfield Renewable Corporation BEPC|ORA: Price to Earnings Multiple|Clearway Energy, Inc. - P/E Multiple|Market Cap to Earnings sunrun.com|Enlight (ENLT) - Price to Earnings Ratio|ReNew Energy Global plc - Company Value to Net Income|SEDG (SolarEdge Technologies Inc) - P/E Multiple|XIFR - Market Cap to Net Income Ratio|Price to Earnings Ratio AMRC (Ameresco, Inc.)|JKS - Market Cap to Earnings|Price to Earnings Ratio Canadian Solar CSIQ|CLNE (Clean Energy Fuels Corp) - Market Cap to Net Income|GEVO - Price to Earnings Ratio|NPWR: Price to Earnings Ratio|OPAL (OPAL Fuels Inc.) - Price to Earnings Ratio|Montana Technologies Corporation (AIRJ) - P/E Multiple|MNTK (Montauk Renewables Inc.) - P/E Multiple|TE - Market Cap to Net Income Ratio|Price to Earnings Ratio FCEL (FuelCell)|ELLO (Ellomay Capital Corporation) - Company Value to Net Income|Price to Earnings Ratio XCF Global SAFX|STEM (stem.com) - Market Cap to Net Income|AMTX - Price to Earnings Ratio|Market Cap to Earnings Verde Clean Fuels, Inc.|SPWR (us.sunpower.com) - Price to Earnings Ratio|Price to Earnings Ratio Turbo Energy|ENGS (Energys Group Ltd) - P/E Multiple|Market Cap to Earnings renesolapower.com SOL|Price to Earnings Ratio Ocean Power Technologies (OPTT)|ZEO (Zeo Energy Corp) - Company Value to Net Income|Maxeon - Price to Earnings Ratio|Company Value to Net Income SUUN|SolarMax - P/E Multiple|Business Payback Period Eco Wave Power Global AB WAVE|VivoPower (VVPR) - Price to Earnings Ratio|Price to Earnings Multiple SPRU|SLNH (Soluna) - P/E Multiple|Price to Earnings Ratio Skycorp Solar Group Ltd. (PN)|Price to Earnings Ratio FGL (Founder Group Limited)|Business Payback Period cetyinc.com|Price to Earnings Ratio Advent Technologies Holdings ADN|HTOO (Fusion Fuel Green plc) - Market Cap to Net Income|ASTI - Price to Earnings Ratio|SUNE: Price to Earnings Ratio|LGN (legence.com) - Price to Earnings Ratio|Alternus Clean Energy, Inc. (ALCE) - P/E Multiple|AMPS (Altus Power Inc) - P/E Multiple|CSLR - Market Cap to Net Income Ratio|P/E Multiple EVA|Sunnova Energy Corp (NOVA) - Market Cap to Net Income Ratio|Price to Earnings Ratio Pineapple Energy Inc. PEGY|Company Value to Net Income SING|SPI Energy Co. Ltd - P/E Multiple|Market Cap to Earnings Vast Renewables Limited|VTNR: P/E Multiple