PLUG
Plug Power Inc.
PLUG has lower modeled downside risk, despite its lower overall score.
RKLB
Rocket Lab USA, Inc.
RKLB has the edge over PLUG overall, supported by stronger fundamentals and stronger modeled upside.
PLUG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Unavailable |
PLUG's revenue is currently stable, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
RKLB Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Unavailable |
RKLB's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
PLUG PE Valuation
PLUG has no meaningful PE right now: it lost money over the past year.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
PLUG Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect PLUG's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect RKLB's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
PLUG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$1.33 | +$0.94 |
| Q1 2026 | -$1.39 | +$1.04 |
| Q4 2025 | -$1.42 | +$1.26 |
| Q3 2025 | -$2.33 | -$0.18 |
| Q2 2025 | -$2.27 | +$0.10 |
| Q1 2025 | -$2.43 | -$0.02 |
| Q4 2024 | -$2.68 | -$0.38 |
| Q3 2024 | -$2.15 | -$0.54 |
PLUG is still losing money, but far less than before: $1.33 per share over the past year, against $2.68 at its worst in late 2024.
RKLB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.36 | +$0.03 |
| Q2 2026 | -$0.27 | +$0.19 |
| Q1 2026 | -$0.32 | +$0.09 |
| Q4 2025 | -$0.37 | +$0.01 |
| Q3 2025 | -$0.39 | -$0.02 |
| Q2 2025 | -$0.46 | -$0.11 |
| Q1 2025 | -$0.41 | -$0.04 |
| Q4 2024 | -$0.38 | $0.00 |
RKLB is still losing money, but less than at its worst: $0.36 per share over the past year, against $0.46 at its worst in mid-2025.
PLUG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $200.6M | +13% |
| Q2 2026 | $178.3M | +2.5% |
| Q1 2026 | $163.5M | +22% |
| Q4 2025 | $225.2M | +18% |
| Q3 2025 | $177.1M | +1.9% |
| Q2 2025 | $174M | +21% |
| Q1 2025 | $133.7M | +11% |
| Q4 2024 | $191.5M | -14% |
PLUG's revenue is recovering but still below its 2020 peak: $201M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -38% | +160 points |
| Q2 2026 | -36% | +66 points |
| Q1 2026 | -67% | +67 points |
| Q4 2025 | -339% | +340 points |
| Q3 2025 | -197% | -73 points |
| Q2 2025 | -102% | +69 points |
| Q1 2025 | -134% | +82 points |
| Q4 2024 | -679% | -397 points |
PLUG's operating margin was −38% last quarter, up 159 points from the same quarter a year ago.
RKLB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $267.8M | +73% |
| Q2 2026 | $234.1M | +62% |
| Q1 2026 | $200.3M | +63% |
| Q4 2025 | $179.7M | +36% |
| Q3 2025 | $155.1M | +48% |
| Q2 2025 | $144.5M | +36% |
| Q1 2025 | $122.6M | +32% |
| Q4 2024 | $132.4M | +121% |
RKLB has the edge over PLUG on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -30% | +8.5 points |
| Q2 2026 | -25% | +17 points |
| Q1 2026 | -28% | +20 points |
| Q4 2025 | -28% | +11 points |
| Q3 2025 | -38% | +12 points |
| Q2 2025 | -41% | -0.5 points |
| Q1 2025 | -48% | -1.9 points |
| Q4 2024 | -39% | +41 points |
RKLB has the edge over PLUG on profitability, with a higher operating margin.
PLUG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$79.7M | +$37.8M |
| Q2 2026 | -$100.4M | +$130.1M |
| Q1 2026 | -$152.4M | -$6.4M |
| Q4 2025 | -$153M | +$12.2M |
| Q3 2025 | -$117.5M | +$116.6M |
| Q2 2025 | -$230.4M | +$125.6M |
| Q1 2025 | -$146M | +$114.3M |
| Q4 2024 | -$165.2M | +$258.6M |
PLUG has the edge over RKLB on cash flow, with more consistent year-over-year improvement.
RKLB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$23.9M | +$45.5M |
| Q2 2026 | -$110.1M | -$54.8M |
| Q1 2026 | -$77.4M | +$5.5M |
| Q4 2025 | -$114.2M | -$90.2M |
| Q3 2025 | -$69.4M | -$27.5M |
| Q2 2025 | -$55.3M | -$26.9M |
| Q1 2025 | -$82.9M | -$61.1M |
| Q4 2024 | -$23.9M | +$28.7M |
RKLB has burned cash in almost every quarter: −$326M over the past year, against −$232M the year before.
PLUG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +1.5M shares |
| 1 year | +23% | +265M shares |
| 3 years | +136% | +802M shares |
| 5 years | +171% | +878M shares |
PLUG has 1.4B diluted shares, up 23% from a year ago.
RKLB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.6% | +22.6M shares |
| 1 year | +23% | +124M shares |
| 3 years | +35% | +168M shares |
| 5 years | +46% | +204M shares |
RKLB has the edge over PLUG on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
PLUG Net Leverage
PLUG's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
PLUG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 28.4 | Oversold |
| Stochastic | 5.2 | Oversold |
PLUG's weekly RSI is 28 (oversold) and its Stochastic is 5 (oversold).
RKLB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.8 | Neutral |
| Stochastic | 27.6 | Neutral |
RKLB's weekly RSI is 47 (neutral) and its Stochastic is 28 (neutral).
PLUG PE vs Industrials Sector
PLUG has no meaningful PE right now: it lost money over the past year.
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
PLUG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.55 | 20% below |
| 20 week MA | $1.94 | 36% below |
| 50 week MA | $2.31 | 46% below |
| 100 week MA | $2.06 | 40% below |
| 200 week MA | $4.02 | 69% below |
PLUG is in a downtrend: it's below all five of its weekly moving averages, and 69% below its 200-week average.
RKLB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $61.4 | 4.3% above |
| 20 week MA | $68.1 | 5.9% below |
| 50 week MA | $77.6 | 17% below |
| 100 week MA | $56.5 | 13% above |
| 200 week MA | $31.4 | 104% above |
RKLB has the edge over PLUG on trend strength, trading above more of its moving averages.
PLUG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.08 | $35.6 | +1055% |
| 2021 | $35.6 | $29.4 | -17% |
| 2022 | $29.4 | $12.3 | -58% |
| 2023 | $12.3 | $4.50 | -64% |
| 2024 | $4.50 | $2.38 | -47% |
| 2025 | $2.38 | $2.07 | -13% |
| 2026 YTD | $2.07 | $1.24 | -40% |
PLUG has finished five years in a row lower, and it's down 40% so far in 2026.
RKLB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.82 | $10.3 | +4.9% |
| 2021 | $10.3 | $12.0 | +17% |
| 2022 | $12.0 | $3.77 | -69% |
| 2023 | $3.77 | $5.53 | +47% |
| 2024 | $5.53 | $27.2 | +392% |
| 2025 | $27.2 | $70.7 | +160% |
| 2026 YTD | $70.7 | $64.1 | -9.3% |
RKLB has the edge over PLUG on returns for 2026, with the stronger performance.