PLUG
Plug Power Inc. Industrials - Fuel Cells Investor Relations →
Plug Power Inc. (PLUG) closed at $2.08 as of 2026-02-02, trading 72.0% below its 200-week moving average of $7.40. This places PLUG in the extreme value zone. The stock is currently moving closer to the line, down from -71.8% last week. The 14-week RSI sits at 36, indicating neutral momentum.
Over the past 1323 weeks of data, PLUG has crossed below its 200-week moving average 11 times. On average, these episodes lasted 94 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 $2.9 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 -93.8%. The stock trades at 1.8x book value.
Share count has increased 58.2% over three years, indicating dilution.
Over the past 25.4 years, a hypothetical investment of $100 in PLUG would have grown to $1, compared to $761 for the S&P 500. PLUG has returned -17.0% annualized vs 8.3% 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 declining. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
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% | -96.9% |
| Sep 2005 | Sep 2005 | 1 | 2.4% | -32.5% | -96.8% |
| Oct 2005 | Dec 2013 | 430 | 96.8% | -37.7% | -96.8% |
| Aug 2015 | Oct 2015 | 7 | 23.6% | -13.0% | +8.1% |
| Nov 2015 | Oct 2017 | 99 | 61.8% | -20.1% | +12.8% |
| Oct 2017 | Oct 2017 | 1 | 0.9% | -28.1% | -23.1% |
| Nov 2017 | Mar 2019 | 69 | 48.8% | -26.7% | -18.6% |
| May 2022 | May 2022 | 1 | 0.4% | -50.2% | -86.2% |
| Jul 2022 | Jul 2022 | 1 | 2.1% | -21.5% | -86.6% |
| Oct 2022 | Ongoing | 173+ | 93.8% | Ongoing | -87.4% |
| Average | 94 | — | +-32.8% | — |
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 Friday close, 2026-02-02