Plug Power PLUG
NASDAQ PLUG
$2.27 +0.07 (+3.18%)
At close: Aug 21, 2026 · 4:00 PM EDT

Plug Power (PLUG) Asset Writedowns and Impairment (2018 - 2026)

Plug Power (PLUG) posted quarterly Asset Writedowns and Impairment of $2.4 million for Q1 2026, down 71.02% year-over-year from $8.3 million in Q1 2025, and down 99.69% quarter-over-quarter from $767.5 million in Q4 2025.

Plug Power (PLUG) Asset Writedowns and Impairment (2018 - 2026) Analysis & Trends

Plug Power (PLUG) has reported Asset Writedowns and Impairment for 8 consecutive years, with $2.4 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Asset Writedowns and Impairment fell 71.02% year-over-year to $2.4 million; the TTM figure through Mar 2026 stood at $787.3 million (down 18.6% YoY), while the FY2025 annual figure was $785.4 million, down 17.26% from the prior year.
  • Asset Writedowns and Impairment eased to $2.4 million in Q1 2026 per PLUG's latest filing, from $767.5 million in the prior quarter.
  • Across five years, Asset Writedowns and Impairment topped out at $950.8 million in Q4 2024 and bottomed at -$3.2 million in Q3 2025.
  • Historically, Asset Writedowns and Impairment has averaged $145.4 million across 5 years, with a median of $4.1 million in 2024.
  • Annual changes were most pronounced in 2023 — Asset Writedowns and Impairment soared 22391.79% — and 2025, when it sank 176.51%.
  • Plug Power's Asset Writedowns and Impairment stood at $1.2 million in 2022, then jumped by 22391.79% to $268.6 million in 2023, then soared by 254.04% to $950.8 million in 2024, then decreased by 19.28% to $767.5 million in 2025, then plunged by 99.69% to $2.4 million in 2026.
  • Business Quant data shows PLUG's Asset Writedowns and Impairment at $2.4 million in Q1 2026, $767.5 million in Q4 2025, and -$3.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Vertiv Holdings 100.83 Bn 97.72 Bn 1.23 Bn
2 Bloom Energy 57.56 Bn 54.89 Bn 355.57 Mn
3 Hubbell 24.89 Bn 24.50 Bn 613.00 Mn
4 nVent Electric 24.60 Bn 24.35 Bn 558.00 Mn
5 Advanced Energy Industries 11.11 Bn 9.69 Bn 236.10 Mn
6 Acuity Inc. (De) 10.38 Bn 9.97 Bn 606.40 Mn
7 Powell Industries 7.20 Bn 6.57 Bn 95.30 Mn
8 EnerSys 6.92 Bn 6.39 Bn 313.36 Mn
9 Plug Power 3.17 Bn 2.85 Bn -1.68 Mn
10 Hayward Holdings 3.17 Bn 2.69 Bn 155.05 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 19.37 Mn
Jun 30, 2026 19.37 Mn
Mar 31, 2026 2.39 Mn
Mar 31, 2026 2.39 Mn
Dec 31, 2025 767.48 Mn
Dec 31, 2025 767.48 Mn
Sep 30, 2025 -3.20 Mn
Sep 30, 2025 -3.20 Mn
Jun 30, 2025 20.60 Mn
Jun 30, 2025 20.60 Mn
Mar 31, 2025 8.26 Mn
Mar 31, 2025 8.26 Mn
Dec 31, 2024 950.77 Mn
Dec 31, 2024 950.77 Mn
Sep 30, 2024 4.19 Mn
Sep 30, 2024 4.19 Mn
Jun 30, 2024 3.94 Mn
Jun 30, 2024 3.94 Mn
Mar 31, 2024 -1.45 Mn
Mar 31, 2024 -1.45 Mn