Plug Power

PLUG Clean Energy & EV 4/10 Medium Risk
4/10
↑ 1 → 4 over 19 weeks
Sector avg: 3.7/10
▲
Risk Score Increased
3/10 → 4/10

Risk level moved from Low Risk to Medium Risk. Score changed by 1 point as of 2026-07-05. Driver-level breakdown unavailable for this change — likely because the company's reported financial concepts shifted between filings (e.g. a 10-Q omitting a tag the 10-K used) or the scoring methodology was updated. Compare the metrics table below against prior periods on EDGAR for context.

Plug Power carries $4M in long-term debt, with $503M in scheduled principal maturities. PLUG shows negative interest coverage (-22.5x), indicating operating losses exceed interest costs and a strong cash position ($223M) that could cover most of its debt obligations. DebtCanary scores PLUG at 4/10, indicating moderate refinancing pressure.

Maturity Schedule

As of 2026-03-31 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.
Year 1 $0 Year 2 $0 Year 3 $0 Year 4 $0 Year 5 $0 Beyond 5 $503M
Period Amount Due % of Total
Year 1 (0-12 months) N/A N/A
Year 2 (12-24 months) N/A N/A
Year 3 (24-36 months) N/A N/A
Year 4 (36-48 months) N/A N/A
Year 5 (48-60 months) N/A N/A
Beyond 5 Years $503M 100.0%
Total Scheduled Maturities $503M 100.0%

Key Metrics

Total Long-Term Debt
$4M
Near-Term (12mo)
N/A
Interest Coverage
Loss
Debt/Equity
0.01
Cash Coverage
N/A
Operating Income
-$1.5B

Score Components

Component Value Weight
Near-Term Maturity Concentration N/A 30%
Interest Coverage Ratio Loss 25%
Debt-to-Equity Ratio 0.01 25%
Cash Coverage of Near-Term Debt N/A 20%

Recent SEC Filings

Material disclosures from Plug Power's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date Form Details
2026-06-15 8-K Shareholder Vote, Other Events
2026-06-11 8-K Reg FD Disclosure
2026-06-04 DEFA14A Additional proxy materials
2026-06-04 DEFA14A Additional proxy materials
2026-06-04 8-K Officer / Director Change
2026-05-11 10-Q Quarterly report
2026-05-11 8-K Earnings Results
2026-04-30 DEFA14A Additional proxy materials

Related Companies

Enphase Energy
ENPH
2/10
Debt: $573M 12mo: $0
SolarEdge Technologies
SEDG
1/10
Debt: N/A 12mo: N/A
First Solar
FSLR
1/10
Debt: $438M 12mo: $91M
Sunrun
RUN
6/10
Debt: $14.8B 12mo: $294M
Bloom Energy
BE
5/10
Debt: $2.6B 12mo: $0
ChargePoint Holdings
CHPT
4/10
Debt: $295M 12mo: $16M
Rivian Automotive, Inc. / DE
RIVN
6/10
Debt: $5.5B 12mo: N/A
Lucid Group
LCID
7/10
Debt: $2.8B 12mo: $707M

Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-03-31. Filing date: 2026-05-11. Data last fetched: 2026-07-05. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Partial.
View SEC EDGAR filings for Plug Power →