What is the 13F Pro Quality Score for PLUG?

13F Pro ranks PLUG POWER INC (PLUG) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View PLUG's current score at https://13fpro.ai/research/PLUG (free sign-up required for the full ranking).

Where does 13F Pro source PLUG data?

All PLUG POWER INC fundamentals and ownership data come directly from SEC EDGAR. PLUG POWER INC files with the SEC under CIK 1093691. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is PLUG in?

PLUG POWER INC (PLUG) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

How often is PLUG research updated on 13F Pro?

PLUG's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

PLUG POWER INC(PLUG)Stock Analysis

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13F Pro Quality Score

18.8/100

Rank #2,703 of 2,879 stocks

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

13.1/100

Profitability

6.2/100

Balance Sheet

4.9/100

Earnings Quality

30.0/100

Free Cash Flow

6.9/100

Institutional Flow

89.3/100

Revenue Scale

41.1/100

Dilution Risk

21.1/100

PLUG Stock Analysis & AI Quality Score

AI stock analysis and institutional research for PLUG POWER INC (PLUG), a Technology sector company. 13F Pro's AI-powered ranking engine scores PLUG at 18.8/100 on a 32-signal composite quality model, placing it at rank #2,703 of 2,879 stocks — the bottom half of the AI-ranked universe. PLUG scores in the top quartile across institutional flow (89.3). Areas of concern include balance sheet strength (4.9) and profitability (6.2), which score below median versus the broader universe. Shareholder dilution risk is elevated at 21.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), PLUG POWER INC reports quarterly revenue of $163.5M, net income of $-245.3M, free cash flow of $-152.4M. Top institutional holders of PLUG by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. PLUG trades on the Nasdaq exchange and files with the SEC under CIK 1093691. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PLUG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PLUG POWER INC directly from SEC EDGAR.

Revenue

Q1 2026

$163.5M

Net Income

Q1 2026

$-245.3M

Free Cash Flow

Q1 2026

$-152.4M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

-29.5% YoY

$628.8MFY 2024

FY18 $174.2MFY21 $502.3MFY23 $891.3MFY24 $628.8M

Net Income

-53.8% YoY

$-2.10BFY 2024

FY18 $-85.6MFY21 $-460.0MFY23 $-1.37BFY24 $-2.10B

Operating Income

-50.3% YoY

$-2.02BFY 2024

FY18 $-76.4MFY21 $-437.3MFY23 $-1.34BFY24 $-2.02B

EPS (Diluted)

-16.5% YoY

$-2.68FY 2024

FY18 $-0.39FY21 $-0.82FY23 $-2.30FY24 $-2.68

Total Assets

-26.5% YoY

$3.60BFY 2024

FY18 $390.3MFY21 $5.95BFY23 $4.90BFY24 $3.60B

Total Debt

-97.0% YoY

$200.0KFY 2024

FY18 $108.0MFY21 $30.6MFY23 $6.6MFY24 $200.0K

Op. Cash Flow

+34.2% YoY

$-728.6MFY 2024

FY18 $-58.4MFY21 $-358.2MFY23 $-1.11BFY24 $-728.6M

Metric	FY 2024	FY 2023	FY 2021	FY 2018	FY 2016	FY 2015
Revenue	$628.8M -29.5%	$891.3M +77.4%	$502.3M +188.3%	$174.2M +110.4%	$82.8M -19.8%	$103.3M
Net Income	$-2.10B -53.8%	$-1.37B -197.6%	$-460.0M -437.3%	$-85.6M -48.9%	$-57.5M -3.2%	$-55.7M
Operating Income	$-2.02B -50.3%	$-1.34B -207.2%	$-437.3M -472.1%	$-76.4M -48.4%	$-51.5M +12.7%	$-59.0M
EPS (Diluted)	$-2.68 -16.5%	$-2.30 -180.5%	$-0.82 -110.3%	$-0.39	—	—
Total Assets	$3.60B -26.5%	$4.90B -17.6%	$5.95B +1424.4%	$390.3M +62.1%	$240.8M +15.0%	$209.5M
Total Debt	$200.0K -97.0%	$6.6M -78.3%	$30.6M -71.7%	$108.0M +354.1%	$23.8M	—
Operating Cash Flow	$-728.6M +34.2%	$-1.11B -208.9%	$-358.2M -513.9%	$-58.4M -96.9%	$-29.6M +37.3%	$-47.3M

AI Insight: PLUG Ratio Trends

PLUG's profitability remains deeply negative across all metrics, with ROIC deteriorating sharply to -98.5% in Q3 2025 and ROE collapsing to -130.9% in Q1 2026.

• Operating margin showed no sustained recovery, swinging from -101.7% in Q2 2025 to -197.0% in Q3 2025, then -67.0% in Q1 2026.

• ROIC deteriorated sharply from -28.5% in Q3 2024 to -98.5% in Q3 2025, signaling accelerating capital destruction.

• ROE collapsed from -27.9% in Q3 2024 to -130.9% in Q1 2026, reflecting severe equity erosion over five quarters.

• D/E ratio reads 0.00 across Q2–Q4 2024, suggesting minimal debt; however, data gaps make leverage assessment incomplete.

⚠ ROA worsened from -17.9% in Q3 2024 to -46.6% in Q3 2025 — asset productivity is deteriorating materially quarter over quarter.

⚠ Multiple consecutive quarters show missing NPM and margin data, limiting visibility into the true earnings trajectory.

⚠ TTM operating margin of -189.0% versus Q1 2026's -67.0% suggests large losses in prior quarters are distorting the trailing picture.

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Available Research

13F Pro tracks comprehensive data for PLUG POWER INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of PLUG

BlackRock, Inc.
$343.7M152,093,275 sh
VANGUARD CAPITAL MANAGEMENT LLC
$141.4M62,550,438 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$134.7M59,603,806 sh
D. E. Shaw & Co., Inc.
$110.6M48,958,500 sh
UBS Group AG
$94.0M41,593,479 sh
STATE STREET CORP
$82.6M36,549,102 sh
GEODE CAPITAL MANAGEMENT, LLC
$78.5M34,708,817 sh
RENAISSANCE TECHNOLOGIES LLC
$62.7M27,738,500 sh
TWO SIGMA INVESTMENTS, LP
$61.9M27,395,936 sh
DIMENSIONAL FUND ADVISORS LP
$41.0M18,134,913 sh

Fund	Value	Shares
BlackRock, Inc.	$343.7M	152,093,275
VANGUARD CAPITAL MANAGEMENT LLC	$141.4M	62,550,438
VANGUARD PORTFOLIO MANAGEMENT LLC	$134.7M	59,603,806
D. E. Shaw & Co., Inc.	$110.6M	48,958,500
UBS Group AG	$94.0M	41,593,479
STATE STREET CORP	$82.6M	36,549,102
GEODE CAPITAL MANAGEMENT, LLC	$78.5M	34,708,817
RENAISSANCE TECHNOLOGIES LLC	$62.7M	27,738,500
TWO SIGMA INVESTMENTS, LP	$61.9M	27,395,936
DIMENSIONAL FUND ADVISORS LP	$41.0M	18,134,913

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Is PLUG a good stock to buy?

13F Pro's AI-powered analysis of PLUG POWER INC (PLUG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PLUG are available on the PLUG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own PLUG?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PLUG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of PLUG POWER INC's investment landscape.