Plug Power (XTER:PLUN) Research & Development: €45.3 Mil (TTM As of Mar. 2026)


XTER:PLUN Plug Power Inc XTER:PLUN
29 GF Score
Price €2.44
GF Value €1.33
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Plug Power Research & Development?

Plug Power XTER:PLUN -0.83% 29 Research & Development is €45.3 Mil as of Mar. 2026. GuruFocus rates XTER:PLUN with a GF Score™ of 29/100 and a GF Value™ of €1.33 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Plug Power's Research & Development for the three months ended in Mar. 2026 was €10.5 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €45.3 Mil.

Plug Power  (XTER:PLUN) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Plug Power Research & Development Related Terms

Plug Power Research & Development Historical Data

* Premium members only.

The historical data trend for Plug Power's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Plug Power Research & Development Chart

Plug Power Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.31 94.00 104.30 73.75 49.50

Plug Power Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.06 10.57 13.73 10.50 10.48
XTER:PLUN
29GF Score
Plug Power Inc XTER:PLUN
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Plug Power Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €45.3 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of €45.3 Mil mean?
Plug Power (XTER:PLUN) has a Research & Development of €45.3 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Plug Power and its competitors.
Is Plug Power's Research & Development too high?
Plug Power's current Research & Development is €45.3 Mil. Overall, Plug Power has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plug Power's Research & Development compare to HAYW and TE?
Plug Power's Research & Development of €45.3 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for an Industrial Products company?
A good Research & Development depends on the Industrial Products industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Plug Power and its competitors. Plug Power's current Research & Development is €45.3 Mil. 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 (XTER:PLUN) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.33, compared to a current price of €2.44 — trading 83.1% above its estimated fair value. The current Research & Development is €45.3 Mil. Plug Power's overall GF Score™ is 29/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Plug Power (XTER:PLUN), the current Research & Development is €45.3 Mil as of Mar. 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 (XTER:PLUN) Overvalued in 2026?

Based on GuruFocus' analysis, Plug Power stock appears to be overvalued. The current stock price of €2.44 is trading 83.1% above its estimated GF Value™ of €1.33. GuruFocus considers Plug Power to be Significantly Overvalued.

Key valuation signals for XTER:PLUN:

  • Research & Development: €45.3 Mil
  • GF Value™: €1.33 vs. price of €2.44 (83.1% above fair value)
  • GF Score™: 29/100 with 6 warning signs

No single metric tells the full story. See the XTER:PLUN 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.
29GF Score

Get the complete analysis for XTER:PLUN

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

€2.44
Price
€1.33
GF Value