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65 /100
HIGH RISK
Score updated Oct 13, 2026

PLUG — Plug Power Inc. Dilution Risk Tracker

Track PLUG dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Plug Power Inc. (PLUG) has a DilutionWatch DilutionScore of 65/100, rated HIGH dilution risk. Plug Power Inc. has a market capitalization of $2.26B, 1.40B shares outstanding, 10 institutional holders tracked. Stored dilution-related fields include 5.25M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
32
💰 Cash Runway
95
📊 Float Risk
20
⚠️ Warrant Exposure
15
🔄 Convertible Debt
60

Dilution Forecast

🌥️
Advisory
Moderate dilution signals present
model est. 45%
💰 Capital Raise model 55%
• Critical: only 2.8 months cash remaining
🔁 Convertible Conversion model 40%
• Significant convertible debt: 25% potential dilution
• Elevated convertible risk (60/100)
🔄 Reverse Split model est. 30%
• 52-week low $0.81 has breached $1
• Only 3 months cash — financial pressure
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Market Data

Market Cap$2.26B
Shares Outstanding1.40B
Float1.33B
Cash$161.89M
Debt$163.78M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore65/100DilutionWatch score record
Shares Outstanding1.40BVerified float table or market cache
Public Float1.33BVerified float table or market cache
Market Cap$2.26BMarket data cache
Cash Runway2.8 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding Warrants5.25MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 4 5, XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

10 institutional holders · 509.33M shares
#1 Blackrock Inc. 152.09M shares
#2 Vanguard Capital Management LLC 62.55M shares
#3 Vanguard Portfolio Management LLC 59.60M shares
+ 7 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest284.62M
Days to Cover5.8
% of Float21.4%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2026-08-10
xbrl XBRL WARRANT 2026-08-10
4 INSIDER TRANSACTION 2026-10-02
4 INSIDER TRANSACTION 2026-10-02
4 INSIDER TRANSACTION 2026-10-02
Full SEC filing analysis available with free account →

Recent News

Factual PLUG Dilution Snapshot

Plug Power Inc. (PLUG) has a DilutionScore of 65/100, rated High dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

PLUG's DilutionScore is currently 65/100 (High risk), with 1 score change tracked over 89 days. The score improved from 56/100 (High risk).

Period Score Risk Level Duration
Aug 14 – Oct 13, 202665/100HIGH60 days
Jul 16 – Aug 13, 202656/100HIGH29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

PLUG shares outstanding have increased 0.2% from 1.39B (Mar 2026) to 1.40B (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 17, 20261.40B1.33B▲ 0.02%
Mar 05, 20261.39B1.33B▲ 0.07%
Mar 04, 20261.39B1.33B▲ 0.05%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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