PLUG vs NEWH Stock Comparison

Plug Power and NewHydrogen Prices as of Oct 23, 2026 Peers: Industry group
PLUG Plug Power Inc
$1.38 -32.4% 1M -52.1% 1Y
Market cap
$1.95B
P/E
–
Revenue (TTM)
$744.09M
Div. yield
–
Hydrogen Energy
2 wins
NEWH NewHydrogen, Inc.
$0.02 +100.0% 1M -50.0% 1Y
Market cap
$15.56M
P/E
–
Revenue (TTM)
—
Div. yield
–
Hydrogen Energy
3 wins

Head to Head

5 decided of 12

NewHydrogen leads on 3 of the 12 questions below (NewHydrogen 3, Plug Power 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPLUGNEWHLeader
Larger companyMarket capitalisation $1.95B $15.56M PLUG
Cheaper on earningsLower P/E, profitable companies only -1.2x -4.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — –
Faster revenue growthRevenue growth, trailing twelve months +10.6% — –
More profitableNet margin, trailing twelve months -220.6% — –
Better return on capitalReturn on invested capital -188.4% — –
Less leveragedLower net debt / EBITDA 0.1x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -52.1% -50.0% NEWH
Better 5-year returnAnnualised price return, 5 years -46.9%/yr 0.0%/yr NEWH
Less volatileAnnualised volatility, 1 year 78.1% 274.0% PLUG
Higher overall scoreMean of the five percentile scores vs peers 23/100 33/100 NEWH

Percentile Scorecard

PLUGNEWH

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

AxisPLUGNEWH
Valuation 0 #11 of 11 10 #10 of 11
Growth 70 #4 of 11 10 #10 of 11
Profitability 0 #9 of 9 –
Financial Health 20 #9 of 11 80 #3 of 11
Shareholder Returns – –
Overall 23 33
  • PLUG ranked among 11 companies in Renewable Fuels
  • NEWH ranked among 11 companies in Renewable Fuels

Price Performance

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

Returns

PeriodPLUGNEWHSPY
1 month -32.4%+100.0% -1.0%
3 months -34.0%+100.0% +2.9%
6 months -56.1%-50.0% +6.4%
Year to date -29.9%0.0% +11.4%
1 year -52.1%-50.0% +13.1%
3 years -78.1%+100.0% +79.4%
3 years, per year -39.7%+26.0% +21.5%
5 years -95.8%0.0% +67.7%
5 years, per year -46.9%0.0% +10.9%
10 years -14.8%-77.8% +255.2%
10 years, per year -1.6%-14.0% +13.5%

Risk

MeasurePLUGNEWHSPY
Volatility, 1Y 78.1%274.0% 12.7%
Downside volatility, 1Y 70.2%857.0% 12.7%
Beta vs S&P 500, 1Y 2.25-0.09 1.00
Return / volatility, 1Y -0.67-0.18 1.03
Max drawdown, 5Y -98.4%-83.3% -25.4%
From 52-week high -66.7%-50.0% -2.5%
52-week high $4.14$0.04 $779.14
52-week low $1.37$0.01 $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.

MultiplePLUGNEWH
P/E now vs peer median -1.2xmedian 10.9x -4.5xmedian 10.9x
P/S now vs peer median 2.6xmedian 1.2x —median 1.2x
EV/EBITDA now vs peer median -1.4xmedian 14.0x -4.5xmedian 14.0x
P/FCF now vs peer median -3.4xmedian 14.1x -6.6xmedian 14.1x
P/B now vs peer median 3.3xmedian 1.1x -6.2xmedian 1.1x
PEG now vs peer median -0.21median 0.19 -0.17median 0.19

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 monthsPLUGNEWH
Revenue $744.09M –
Gross profit -$138.00M –
Operating income -$1.29B -$3.49M
Net income -$1.71B -$3.49M
Free cash flow -$560.50M -$2.45M
R&D $53.94M $1.04M
EPS (diluted) $-1.18 $0.00
Cash & equivalents $161.90M $739.53K
Total debt $65.78M –
Shares (diluted) 1.39B 789.92M
Enterprise value $1.03B $11.36M

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
MetricPLUGNEWH
P/E -1.2x -4.5x
P/FCF -3.4x -6.6x
P/Operating cash flow -4.0x -6.6x
P/S 2.6x –
P/B 3.3x -6.2x
P/Tangible book 3.4x -6.1x
EV/EBITDA -1.4x -4.5x
EV/EBIT -1.4x -4.5x
EV/Revenue 2.4x –
EV/FCF -3.2x -6.3x
EV/Operating cash flow -3.7x -6.3x
PEG (3Y EPS CAGR) -0.21 -0.17

Growth

14 metrics
MetricPLUGNEWH
Revenue growth (1Y) 10.6% –
Revenue CAGR (3Y) -5.4% –
Gross profit growth (1Y) 70.1% –
Gross profit CAGR (3Y) 20.4% –
Operating income growth (1Y) 31.3% -73.9%
Operating income CAGR (3Y) -15.4% 24.5%
Net income growth (1Y) 13.3% -74.3%
Net income CAGR (3Y) -26.9% 24.5%
EPS growth (1Y) 32.5% -55.7%
EPS CAGR (3Y) 5.5% 27.3%
Operating cash flow growth (1Y) 20.0% -39.7%
Operating cash flow CAGR (3Y) 22.8% -21.4%
Free cash flow growth (1Y) 31.6% -39.7%
Free cash flow CAGR (3Y) 30.6% -21.4%

Profitability

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

Financial Health

11 metrics
MetricPLUGNEWH
Debt / assets 0.0% –
Debt / equity 0.0x –
Net debt / EBITDA 0.1x –
Debt / FCF 0.0x –
Liabilities / assets 73.2% 426.6%
Equity / assets 26.8% -326.6%
Interest coverage -17.9x –
Current ratio 2.3x 123.3x
Quick ratio 0.8x 114.7x
Cash ratio 0.3x 114.7x
Altman Z-score -6.07 –

Shareholder Returns

7 metrics
MetricPLUGNEWH
Dividend yield – –
Net buyback yield -2.5% –
Shareholder yield -2.5% –
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

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.

ConsensusPLUGNEWH
EPS, next fiscal year $-0.41FY2026 –
Revenue, next fiscal year $799.33MFY2026 –
Revenue growth, next FY +12.6%FY2026 –
Revenue growth, the year after +28.0% –

Institutional Ownership

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

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.

PLUGNEWH
PLUG 1.00 0.05
NEWH 0.05 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, PLUG and NEWH?

Plug Power (PLUG) is the largest by market capitalisation: Plug Power (PLUG) $1.95B, NewHydrogen (NEWH) $15.56M.

Which stock has performed better?

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

Which stock is riskier?

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

Do PLUG and NEWH move together?

Their daily returns over the past year have a correlation of 0.05, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, PLUG and NEWH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, NewHydrogen (NEWH) leads on 3. 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.