PLUG
Plug Power Inc. Industrials - Fuel Cells Investor Relations →
Plug Power Inc. (PLUG) closed at $2.23 as of 2026-03-20, trading 67.5% below its 200-week moving average of $6.86. This places PLUG in the extreme value zone. The stock moved further from the line this week, up from -69.0% last week. The 14-week RSI sits at 48, indicating neutral momentum.
Trading volume is running at 1.1x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.05 ratio) is neutral — neither side is clearly dominating.
Over the past 1329 weeks of data, PLUG has crossed below its 200-week moving average 11 times. On average, these episodes lasted 95 weeks. The average one-year return after crossing below was -32.8%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $3.1 billion, PLUG is a mid-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -120.5%. The stock trades at 3.2x book value.
Share count has increased 136.0% over three years, indicating dilution.
Over the past 25.5 years, a hypothetical investment of $100 in PLUG would have grown to $1, compared to $717 for the S&P 500. PLUG has returned -16.7% annualized vs 8.0% for the index, underperforming the broader market over this period.
In the past 12 months, corporate insiders have made 3 open-market purchases totaling $1,009,707. Notably, these purchases occurred while PLUG is trading below its 200-week moving average — insiders are buying when the market is most pessimistic.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: PLUG vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After PLUG Crosses Below the Line?
Across 11 historical episodes, buying PLUG when it crossed below its 200-week moving average produced an average return of -38.7% after 12 months (median -34.0%), compared to +6.5% for the S&P 500 over the same periods. After 24 months, the average return was -34.6% vs +26.2% for the index.
Each line shows $100 invested at the moment PLUG crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
PLUG has crossed below its 200-week MA 11 times with an average 1-year return of +-32.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2000 | Jun 2005 | 245 | 85.4% | -67.1% | -99.3% |
| Jun 2005 | Aug 2005 | 9 | 9.9% | -30.9% | -96.7% |
| Sep 2005 | Sep 2005 | 1 | 2.4% | -32.5% | -96.6% |
| Oct 2005 | Dec 2013 | 430 | 96.8% | -37.7% | -96.6% |
| Aug 2015 | Oct 2015 | 7 | 23.6% | -13.0% | +16.1% |
| Nov 2015 | Oct 2017 | 99 | 61.8% | -20.1% | +21.2% |
| Oct 2017 | Oct 2017 | 1 | 0.9% | -28.1% | -17.4% |
| Nov 2017 | Mar 2019 | 69 | 48.8% | -26.7% | -12.5% |
| May 2022 | May 2022 | 1 | 0.4% | -50.2% | -85.2% |
| Jul 2022 | Jul 2022 | 1 | 2.1% | -21.5% | -85.6% |
| Oct 2022 | Ongoing | 179+ | 93.8% | Ongoing | -86.5% |
| Average | 95 | — | +-32.8% | — |
Frequently Asked Questions
Is PLUG below its 200-week moving average?
Yes. As of 2026-03-20, Plug Power Inc. (PLUG) is trading 67.5% below its 200-week moving average of $6.86. The current price is $2.23.
What is PLUG's 200-week moving average price?
Plug Power Inc.'s 200-week moving average is $6.86 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when PLUG drops below its 200-week moving average?
PLUG has crossed below its 200-week moving average 11 times in our data. The average one-year return after these crossings was -32.8%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 95 weeks on average.
Is PLUG a good value right now?
Here's what our data says about PLUG as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 48. Free cash flow is currently negative. Return on equity is -120.5%. Price-to-book is 3.2x. This is not a buy or sell recommendation — always do your own research.
How does PLUG compare to the S&P 500?
Over the past 25.5 years, $100 invested in PLUG would have grown to $1, compared to $717 for the S&P 500. That's -16.7% annualized vs 8.0% for the index. PLUG has underperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20