Is PLUG POWER INC (PLUG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 36.4% / 30% | 6.9% / 30% | 8.5% / 30% | 4.88% / 5% | ✗ NOT HALAL |
| DJIM | 36.4% / 33% | 6.9% / 33% | 8.5% / 33% | 4.88% / 5% | ✗ NOT HALAL |
| MSCI | 29.9% / 33% | 5.7% / 33% | 7.0% / 33% | 4.88% / 5% | ✓ HALAL |
| S&P | 36.4% / 33% | 6.9% / 33% | 8.5% / 33% | 4.88% / 5% | ✗ NOT HALAL |
| FTSE | 29.9% / 33% | 5.7% / 33% | 7.0% / 50% | 4.88% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | -37.6% | |
| Operating Margin | -65.4% | |
| Net Margin | -229.8% | |
| Return on Equity (ROE) | -120.5% | |
| Return on Assets (ROA) | -14.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$536M |
| Free Cash Flow | -$661M |
| Total Debt | $997M |
| Debt-to-Equity | 99.4 |
| Current Ratio | 2.3 |
| Total Assets | $2.6B |
Price & Trading
| Last Close | $2.25 |
| 50-Day MA | $2.15 |
| 200-Day MA | $2.10 |
| Avg Volume | 96.1M |
| Beta | 2.0 |
|
52-Week Range
$0.69
| |
About PLUG POWER INC (PLUG)
Plug Power Inc. designs, develops, and sells hydrogen products and solutions in Europe, Australia, North America, and internationally. The company offers GenDrive, a hydrogen fueled PEM fuel cell system, which powers material handling EVs, including Class 1, 2, 3 and 6 electric forklifts, automated guided vehicles, and ground support equipment; GenFuel, a liquid hydrogen fueling, delivery, generation, storage, and dispensing system; and GenCare, an Internet of Things based maintenance and on-site service program. It also provides GenKey, a turn-key solution; GenEco electrolyzers for clean hydrogen production; liquefaction systems; cryogenic equipment, such as trailers and mobile storage equipment for the distribution of liquified hydrogen, oxygen, argon, nitrogen, and other cryogenic gases; GenSure, a stationary fuel cell solution; and liquid hydrogen. The company serves customers in material handling operations, fuel cell electric vehicle fleets, and stationary power applications through its direct sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was incorporated in 1997 and is based in Slingerlands, New York.
Related Halal Stocks in Industrials
Frequently Asked Questions
Is PLUG POWER INC (PLUG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), PLUG POWER INC is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is PLUG POWER INC's debt ratio?
PLUG POWER INC's debt ratio is 36.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 29.9%.
What are PLUG POWER INC's key financial metrics?
PLUG POWER INC has a market capitalization of $3.0B, and revenue of $710M. The company maintains a gross margin of -37.6% and a net margin of -229.8%. Return on equity stands at -120.5%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.