Plug Power (MIL:1PLUG) Moat Score: 4/10 (As of Jun. 30, 2026)


MIL:1PLUG Plug Power Inc MIL:1PLUG
16 GF Score
Price €2.18
GF Value €1.24
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Plug Power Moat Score?

Plug Power MIL:1PLUG -2.27% 16 Moat Score is 4 as of Jun. 30, 2026. GuruFocus rates MIL:1PLUG with a GF Score™ of 16/100 and a GF Value™ of €1.24 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 3,041 Industrial Products companies, Plug Power ranks better than 94.02% on this metric.

Plug Power has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Plug Power has Narrow Moat: Plug Power Inc has a discernible but modest moat due to its position in the hydrogen fuel cell market and some proprietary technology. However, it lacks strong brand strength, significant regulatory barriers, and customer switching costs, limiting its competitive advantages to a narrow category.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Plug Power might have Narrow Moat - Discernible but modest moat.

Plug Power  (MIL:1PLUG) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Plug Power Moat Score Related Terms

MIL:1PLUG vs HAYW, ATKR, TE: Moat Score Comparison

For the Electrical Equipment & Parts subindustry, Plug Power's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Plug Power Moat Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Plug Power's Moat Score distribution charts can be found below:

* The bar in red indicates where Plug Power's Moat Score falls into.


MIL:1PLUG
16GF Score
Plug Power Inc MIL:1PLUG
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
Plug Power (MIL:1PLUG) has a Moat Score of 4 as of Jun. 30, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Plug Power ranks #182 out of 3041 companies in the Industrial Products industry, placing it in the top 6%.
Is Plug Power's Moat Score too high?
Plug Power's current Moat Score is 4. Based on the distribution chart, Plug Power ranks #182 out of 3041 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Plug Power has a GF Score™ of 16/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plug Power's Moat Score compare to HAYW and ATKR?
According to the Industrial Products industry distribution chart, Plug Power ranks #182 out of 3041 companies for Moat Score. This places Plug Power in the top 6% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for an Industrial Products company?
A good Moat Score depends on the Industrial Products industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Plug Power's current Moat Score is 4. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plug Power stock overvalued right now?
Based on GuruFocus' analysis, Plug Power (MIL:1PLUG) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.24, compared to a current price of €2.18 — trading 75.5% above its estimated fair value. The current Moat Score is 4. Plug Power's overall GF Score™ is 16/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Plug Power (MIL:1PLUG), the current Moat Score is 4 as of Jun. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Plug Power (MIL:1PLUG) Overvalued in 2026?

Based on GuruFocus' analysis, Plug Power stock appears to be overvalued. The current stock price of €2.18 is trading 75.5% above its estimated GF Value™ of €1.24. GuruFocus considers Plug Power to be Significantly Overvalued.

Key valuation signals for MIL:1PLUG:

  • Moat Score: 4
  • GF Value™: €1.24 vs. price of €2.18 (75.5% above fair value)
  • GF Score™: 16/100 with 6 warning signs

No single metric tells the full story. See the MIL:1PLUG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Plug Power Business Description

Address 125 Vista Boulevard, Slingerlands, NY, USA, 12159
Plug Power Inc is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.
16GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.18
Price
€1.24
GF Value