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Background Plug is building an end-to-end clean hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cells, the Company has deployed more than 74,000 fuel cell systems, primarily through material handling applications, and op…
$3.78
+$0.00 (+0.00%)
Price from 12 days ago
The business is unprofitable at the operating level (-206.70% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 12.9% YoY with margins expanding 114.5pp.
Negative free cash flow of -$647M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$740M
▲ +12.9% YoY
Net Income (TTM)
-$1.68B
▲ +22.5% YoY
Op. Margin
-189.04%
▲ +114.5pp YoY
ROIC
-63.43%
▼ -0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$653M
▲ +36.3% YoY
Op. Cash Flow (TTM)
-$580M
▲ +26.5% YoY
Net Debt
$543M
Cash & Equiv.
$223M
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