Plug Power
PLUG · NASDAQ · Industrials
$2.09
$0.03 (-1.42%) today
Market Cap
$2.92B
24h Volume
$114.9M
P/E Ratio
0.0
52w High
$4.14
52w Low
$1.79
Est. AI Revenue
5%
7-Day Sparkline (Static)
Company facts
Performance
About Plug Power
Plug Power builds hydrogen fuel cell systems and the infrastructure that fuels them. It earns revenue selling fuel cell units, electrolyzers that produce hydrogen, fueling equipment, and green hydrogen itself, with warehouse forklift fleets for large retailers as its longest-running market.
Its GenDrive units power material handling vehicles, GenSure provides stationary backup and prime power, and its PEM electrolyzers serve industrial hydrogen customers. The company now markets stationary fuel cell solutions to data center operators as a cleaner, faster-to-deploy alternative to diesel backup and constrained grid connections.
Founded in 1997 and headquartered in Slingerlands, New York, Plug Power employs about 2,300 people and trades on the NASDAQ. The company also operates its own green hydrogen production plants in Georgia, Tennessee, and Louisiana.
Plug Power in the AI buildout
Plug Power sits at the edge of the Power & Energy layer. Data centers need power that can be deployed faster than grid interconnection allows, and fuel cells are one of the technologies pitched for that gap, alongside gas turbines and batteries. Plug's data center pipeline is early stage, and its revenue still comes mainly from material handling and hydrogen infrastructure. Its place in the buildout depends on fuel cells winning real data center deployments.
PLUG is tracked in Power & Energy, rated Peripheral on the AI Exposure leaderboard.
By the numbers
52-week range
PLUG trades at $2.09, 13% of the way up its 52-week range of $1.79 to $4.14.
Market cap
Market capitalization is $2.92B, with an AI Exposure Score of 25 out of 100.
Next earnings
Plug Power is next expected to report earnings on November 9, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Plug Power do?
Plug Power makes hydrogen fuel cell systems, electrolyzers, and hydrogen fueling infrastructure. Its fuel cells power warehouse forklift fleets for major retailers, and it also sells stationary power units and produces green hydrogen at its own plants.
How is Plug Power exposed to AI?
Supercycle rates Plug Power Peripheral with an AI Exposure Score of 25 out of 100. It markets stationary fuel cells as clean power for data centers, but that pipeline is early stage and today's revenue comes from material handling and hydrogen.
What are Plug Power's main products?
Main products include GenDrive fuel cells for material handling vehicles, GenSure stationary power units, PEM electrolyzers for hydrogen production, and GenFuel fueling infrastructure. GenSure is the line aimed at data center and backup power applications.
Is PLUG a pure play AI stock?
No. Plug Power is rated Peripheral on Supercycle. Data center power is a marketing focus rather than an established revenue stream, and the investment case rests on hydrogen adoption and the company's path to profitability, not on AI demand.
Who leads Plug Power and where is it based?
Jose Luis Crespo serves as chief executive officer. Plug Power was founded in 1997, is headquartered in Slingerlands, New York, employs about 2,300 people, and trades on the NASDAQ under the ticker PLUG.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
Related reading
- How to track congress stock trades, step by step · Congress must disclose every stock trade over $1,000 within 45 days. Where the filings live, how to read one line by line, and what the ranges and dates hide.
- What are AI infrastructure stocks? The 12 layers, explained · AI infrastructure stocks are the companies paid to build AI compute: chips, memory, networking, data centers, cooling and power. The 12 layers and the catch.