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Plug Power Inc. (PLUG) — WACC Analysis

WACC Breakdown

Plug Power Inc. (PLUG) has a weighted average cost of capital (WACC) of 12.0%. The cost of equity is 11.9%, derived from a beta of 2.05 and a risk-free rate of 4.7%. The after-tax cost of debt is 12.4%. The capital structure is 83.9% equity and 16.1% debt.

Interpretation

A WACC of 12.0% indicates that the market perceives Plug Power Inc. as higher-risk, requiring a greater return to compensate investors.

Investors can compare PLUG's WACC of 12.0% against industry peers to gauge its relative financing costs. A beta of 2.05 reflects the stock's volatility relative to the broader market.

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VALUATION

PLUG WACC: 12.01% for Plug Power Inc.

Current inputs imply a 11.92% cost of equity and a 12.45% pre-tax cost of debt. Use this discount rate as a starting point for DCF validation.

[01]Current Market Data
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WACC Calculation Process
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Market Data Loaded
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Company Data Fetched
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Beta Calculated (5Y)
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Inputs Auto-Populated
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WACC Calculated
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Step 2: Enter Ticker Symbol
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Step 4: Review Auto-Populated WACC Inputs

Values are automatically populated from real data. You can adjust them manually if needed.

4.30%
1.000
4.23%
5.00%
21.00%
70.00%
Debt: 30.00%Equity: 70.00%

Please enter a valid company ticker to calculate WACC

Plug Power Inc. Common Stock (PLUG) WACC Results
Weighted Average Cost of Capital
12.01%
Cost of Equity
11.92%
Risk-Free Rate4.73%
Beta2.05
Market Risk Premium4.23%
Cost of Debt
12.45%
Pre-Tax Cost of Debt12.45%
Tax Rate0.00%
Tax Shield0.00%
Capital Structure
Equity: 83.93%($3017.94M)
Debt: 16.07%($578.00M)
Equity Component
10.00%
83.93% × 11.92%
Debt Component
2.00%
16.07% × 12.45%

Plug Power Inc. (PLUG) WACC in context

Plug Power Inc. (PLUG) currently screens with an estimated WACC of 12.01%. That blends a 11.92% cost of equity, a 12.45% pre-tax cost of debt, and a 83.93% equity weight into the discount rate you would typically use in a DCF model.

screens as a relatively high discount rate, which makes valuation more sensitive to execution and capital structure risk.

What PLUG WACC implies

A 12.01% discount rate screens as a relatively high discount rate, which makes valuation more sensitive to execution and capital structure risk.

How this page calculates PLUG

This page combines CAPM-based cost of equity with SEC-derived debt and capital structure inputs. The current beta is 2.05 and equity accounts for 83.93% of capital.

What to do next

Validate business quality on the company page, then carry the same discount-rate assumptions into the DCF page to test fair value sensitivity.

Disclaimer: This is not financial advice. Data sourced from SEC EDGAR and Polygon.io. Past performance does not guarantee future results. Always conduct your own research before making investment decisions.

PLUG WACC: 12.01% — Plug Power Inc. Cost of Capital (September 2026) | DeepViews