PLUG Stock — Plug Power Inc.

Plug Power Inc. (PLUG)

Updated October 16, 2026.

PLUG is a Stock. Total return is -99.1% over the past 27 years, 892.6 points behind SPY at 793.5%.

Plug Power Inc. designs and sells hydrogen fuel cell systems and related infrastructure, including fuel cells that power material handling equipment like forklifts, hydrogen fueling and generation systems, electrolyzers for clean hydrogen production, and cryogenic storage and distribution equipment. The company serves customers across material handling operations, fuel cell electric vehicle fleets, and stationary power applications globally through direct sales and partnerships with original equipment manufacturers and dealers. The company does not currently have an established distribution schedule.

PLUG performance versus SPY

Price and return data through 2026-10-16.

Total return is -99.1% over the past 27 years, 892.6 points behind SPY at 793.5%. Over the past year its total return — price change plus distributions reinvested — is -60.3%. Its deepest 1-year drawdown was 66.7%.

PLUG key facts

Asset type

Stock

Asset class

Equity

Inception date

10/29/1999

Distribution frequency

None

Last close

$1.38 (as of 2026-10-16)

Market cap

$1,928,129,484

Average volume

85981321.0

Beta

2.286

Payout ratio

0.0%

Forward P/E

13.1062

EPS

$-1.21

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PLUG risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 66.7%.

Who may consider PLUG — and who may not

It is a weaker fit for investors who need monthly cash flow (PLUG does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on PLUG

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Tagged: Industrials.

Frequently asked questions