PLUG vs NEWH vs E Stock Comparison

Plug Power, NewHydrogen and Eni Spa Prices as of Oct 23, 2026 Peers: Industry group
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PLUG Plug Power Inc
$1.38 -32.4% 1M -52.1% 1Y
Market cap
$1.91B
P/E
–
Revenue (TTM)
$744.09M
Div. yield
–
Hydrogen Energy
1 win
NEWH NewHydrogen, Inc.
$0.02 +100.0% 1M -50.0% 1Y
Market cap
$15.56M
P/E
–
Revenue (TTM)
—
Div. yield
–
Hydrogen Energy
E Eni Spa
$62.08 +13.2% 1M +71.5% 1Y
Market cap
$91.59B
P/E
17.6x
Revenue (TTM)
$98.30B
Div. yield
-0.04%
Integrated Oil and Gas Energy
8 wins

Head to Head

9 decided of 12

Eni Spa leads on 8 of the 12 questions below (Eni Spa 8, Plug Power 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPLUGNEWHELeader
Larger companyMarket capitalisation $1.91B $15.56M $91.59B E
Cheaper on earningsLower P/E, profitable companies only -1.2x -4.5x 17.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 9.3x –
Faster revenue growthRevenue growth, trailing twelve months +10.6% — +11.2% E
More profitableNet margin, trailing twelve months -220.6% — 5.3% E
Better return on capitalReturn on invested capital -188.4% — 6.9% E
Less leveragedLower net debt / EBITDA 0.1x — 1.4x PLUG
Higher dividend yieldTrailing dividend yield 0.00% 0.00% -0.04% –
Better 1-year returnPrice return, last 12 months -52.1% -50.0% +71.5% E
Better 5-year returnAnnualised price return, 5 years -46.9%/yr 0.0%/yr +17.1%/yr E
Less volatileAnnualised volatility, 1 year 78.1% 274.0% 27.4% E
Higher overall scoreMean of the five percentile scores vs peers 23/100 33/100 50/100 E

Percentile Scorecard

PLUGNEWHE

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisPLUGNEWHE
Valuation 0 #11 of 11 10 #10 of 11 75 #26 of 99
Growth 70 #4 of 11 10 #10 of 11 64 #36 of 97
Profitability 0 #9 of 9 – 48 #50 of 96
Financial Health 20 #9 of 11 80 #3 of 11 35 #67 of 102
Shareholder Returns – – 31 #53 of 76
Overall 23 33 50
  • PLUG ranked among 11 companies in Renewable Fuels
  • NEWH ranked among 11 companies in Renewable Fuels
  • E ranked among 103 companies in Oil and Gas Upstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodPLUGNEWHESPY
1 month -32.4%+100.0%+13.2% -1.0%
3 months -34.0%+100.0%+18.4% +2.9%
6 months -56.1%-50.0%+14.7% +6.4%
Year to date -29.9%0.0%+63.6% +11.4%
1 year -52.1%-50.0%+71.5% +13.1%
3 years -78.1%+100.0%+91.6% +79.4%
3 years, per year -39.7%+26.0%+24.2% +21.5%
5 years -95.8%0.0%+119.8% +67.7%
5 years, per year -46.9%0.0%+17.1% +10.9%
10 years -14.8%-77.8%+107.2% +255.2%
10 years, per year -1.6%-14.0%+7.6% +13.5%

Risk

MeasurePLUGNEWHESPY
Volatility, 1Y 78.1%274.0%27.4% 12.7%
Downside volatility, 1Y 70.2%857.0%26.4% 12.7%
Beta vs S&P 500, 1Y 2.25-0.09-0.36 1.00
Return / volatility, 1Y -0.67-0.182.61 1.03
Max drawdown, 5Y -98.4%-83.3%-37.1% -25.4%
From 52-week high -66.7%-50.0%0.0% -2.5%
52-week high $4.14$0.04$62.08 $779.14
52-week low $1.37$0.01$36.20 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultiplePLUGNEWHE
P/E now vs peer median -1.2xmedian 10.9x -4.5xmedian 10.9x 18.1xmedian 13.1x
P/S now vs peer median 2.6xmedian 1.2x —median 1.2x 1.0xmedian 2.0x
EV/EBITDA now vs peer median -1.4xmedian 14.0x -4.5xmedian 14.0x 7.8xmedian 5.7x
P/FCF now vs peer median -3.4xmedian 14.1x -6.6xmedian 14.1x 6.4xmedian 11.1x
P/B now vs peer median 3.3xmedian 1.1x -6.2xmedian 1.1x 1.5xmedian 1.5x
PEG now vs peer median -0.21median 0.19 -0.17median 0.19 1.50median 2.24

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsPLUGNEWHE
Revenue $744.09M – $98.30B
Gross profit -$138.00M – –
Operating income -$1.29B -$3.49M $6.83B
Net income -$1.71B -$3.49M $6.59B
Free cash flow -$560.50M -$2.45M $15.30B
R&D $53.94M $1.04M –
EPS (diluted) $-1.18 $0.00 $3.36
Cash & equivalents $161.90M $739.53K $9.55B
Total debt $65.78M – $139.18B
Shares (diluted) 1.39B 789.92M 1.54B
Enterprise value $986.42M $11.36M $36.15B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricPLUGNEWHE
P/E -1.2x -4.5x 18.1x
P/FCF -3.4x -6.6x 6.4x
P/Operating cash flow -4.0x -6.6x 6.4x
P/S 2.6x – 1.0x
P/B 3.3x -6.2x 1.5x
P/Tangible book 3.4x -6.1x 1.5x
EV/EBITDA -1.4x -4.5x 7.8x
EV/EBIT -1.4x -4.5x 17.3x
EV/Revenue 2.4x – 1.2x
EV/FCF -3.2x -6.3x 7.7x
EV/Operating cash flow -3.7x -6.3x 7.7x
PEG (3Y EPS CAGR) -0.21 -0.17 1.50

Growth

14 metrics
MetricPLUGNEWHE
Revenue growth (1Y) 10.6% – 11.2%
Revenue CAGR (3Y) -5.4% – -6.8%
Gross profit growth (1Y) 70.1% – –
Gross profit CAGR (3Y) 20.4% – –
Operating income growth (1Y) 31.3% -73.9% 204.9%
Operating income CAGR (3Y) -15.4% 24.5% -14.3%
Net income growth (1Y) 13.3% -74.3% 135.7%
Net income CAGR (3Y) -26.9% 24.5% -11.6%
EPS growth (1Y) 32.5% -55.7% 6.3%
EPS CAGR (3Y) 5.5% 27.3% 12.0%
Operating cash flow growth (1Y) 20.0% -39.7% 12.1%
Operating cash flow CAGR (3Y) 22.8% -21.4% -5.9%
Free cash flow growth (1Y) 31.6% -39.7% 12.1%
Free cash flow CAGR (3Y) 30.6% -21.4% -18.6%

Profitability

14 metrics
MetricPLUGNEWHE
Gross margin -18.5% – –
EBITDA margin -168.2% – 15.4%
Operating margin -172.8% – 6.9%
Pretax margin -229.0% – 8.0%
Net margin -220.6% – 5.3%
FCF margin -75.3% – 15.6%
Operating cash flow margin -64.9% – 15.6%
Return on equity -251.3% – 10.4%
Return on assets -75.0% -439.4% 3.9%
Return on invested capital -188.4% – 6.9%
Return on capital employed -72.0% -443.1% 5.3%
Asset turnover 0.3x – 0.6x
Cash conversion (OCF / net income) 0.3x 0.7x 2.3x
Stock comp / revenue 7.2% – –

Financial Health

11 metrics
MetricPLUGNEWHE
Debt / assets 0.0% – 21.5%
Debt / equity 0.0x – 0.6x
Net debt / EBITDA 0.1x – 1.4x
Debt / FCF 0.0x – 2.4x
Liabilities / assets 73.2% 426.6% 61.3%
Equity / assets 26.8% -326.6% 38.7%
Interest coverage -17.9x – 1.5x
Current ratio 2.3x 123.3x 1.2x
Quick ratio 0.8x 114.7x 0.7x
Cash ratio 0.3x 114.7x 0.4x
Altman Z-score -6.07 – 1.67

Shareholder Returns

7 metrics
MetricPLUGNEWHE
Dividend yield – – 3.9%
Net buyback yield -2.5% – -2.5%
Shareholder yield -2.5% – 1.4%
Payout ratio (earnings) – – 55.0%
Payout ratio (FCF) – – 23.7%
Dividend growth (1Y) – – -7.7%
Dividend CAGR (3Y) – – -4.9%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusPLUGNEWHE
Forward P/E – – 9.3xFY2026
EPS, next fiscal year $-0.41FY2026 – $6.67FY2026
EPS growth, next FY – – +75.1%FY2026
EPS growth, the year after – – -4.5%
Revenue, next fiscal year $799.33MFY2026 – $106.75BFY2026
Revenue growth, next FY +12.6%FY2026 – +10.1%FY2026
Revenue growth, the year after +28.0% – -8.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPLUGNEWHE
Held by institutions 58.3% – 1.6%
Institutions holding 508 – 343
Change in shares held, QoQ +8.0% – +2.3%
Institutions buying 276 – 196
Institutions selling 105 – 92
Buyers to sellers 2.63 – 2.13

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

PLUGNEWHE
PLUG 1.00 0.05 0.05
NEWH 0.05 1.00 0.08
E 0.05 0.08 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PLUG, NEWH and E?

Eni Spa (E) is the largest by market capitalisation: Plug Power (PLUG) $1.91B, NewHydrogen (NEWH) $15.56M, Eni Spa (E) $91.59B.

Which company is growing faster?

Eni Spa (E) grew revenue fastest over the trailing twelve months: Plug Power (PLUG) +10.6%, Eni Spa (E) +11.2%.

Which company is more profitable?

Eni Spa (E) has the highest net margin (Plug Power (PLUG) -220.6%, Eni Spa (E) 5.3%). On return on invested capital, Eni Spa (E) leads (Plug Power (PLUG) -188.4%, Eni Spa (E) 6.9%).

Which stock has performed better?

Over the past year Eni Spa (E) returned the most: Plug Power (PLUG) -52.1%, NewHydrogen (NEWH) -50.0%, Eni Spa (E) +71.5%. Over five years, Eni Spa (E) compounded fastest (Plug Power (PLUG) -46.9%/yr, NewHydrogen (NEWH) 0.0%/yr, Eni Spa (E) +17.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Eni Spa (E) has been the steadiest (Plug Power (PLUG) 78.1%, NewHydrogen (NEWH) 274.0%, Eni Spa (E) 27.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PLUG, NEWH and E?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Eni Spa (E) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.