Plug Power (PLUG) Capital Expenditures (2010 - 2026)

Plug Power's (PLUG) quarterly Capital Expenditures came in at $2.4 million in Q1 2026, down 57.08% year-on-year from $5.6 million in Q1 2025, and down 48.48% on a QoQ basis from $4.7 million in Q4 2025.

Plug Power (PLUG) Capital Expenditures (2010 - 2026) Analysis & Trends

Plug Power (PLUG) has 17 years of Capital Expenditures data on file, last reported at $2.4 million in Q1 2026.

  • On a quarterly basis, Capital Expenditures fell 57.08% year-over-year to $2.4 million in Q1 2026; TTM through Mar 2026 was $11.3 million, a 75.85% decrease from a year earlier, with the FY2025 full-year figure at $14.5 million, down 69.3% from the prior year.
  • Capital Expenditures for Q1 2026 stood at $2.4 million, down from $4.7 million in the prior quarter.
  • Over the last five years, Capital Expenditures for PLUG reached as high as $533.4 million in Q4 2023 and fell as low as -$42.8 million in Q3 2024.
  • Historically, Capital Expenditures has averaged $68.6 million across 5 years, with a median of $6.8 million in 2022.
  • Across the five-year window, Capital Expenditures surged 949.89% in 2022 and sank 292.18% in 2024, its largest moves.
  • Year by year, Capital Expenditures stood at $119.1 million in 2022, then soared by 348.05% to $533.4 million in 2023, then slumped by 98.94% to $5.6 million in 2024, then fell by 17.12% to $4.7 million in 2025, then plunged by 48.48% to $2.4 million in 2026.
  • Per Business Quant data, the three most recent Capital Expenditures figures were $2.4 million in Q1 2026, $4.7 million in Q4 2025, and $2.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Electrovaya 406.17 Bn 406.14 Bn 6.04 Mn 278,000.00
2 Vertiv Holdings 106.93 Bn 104.43 Bn 999.70 Mn 112.60 Mn
3 Bloom Energy 51.75 Bn 49.25 Bn 225.54 Mn 25.99 Mn
4 Hubbell 25.71 Bn 25.20 Bn 505.30 Mn 40.60 Mn
5 nVent Electric 23.54 Bn 23.35 Bn 445.60 Mn 36.10 Mn
6 Advanced Energy Industries 10.90 Bn 10.20 Bn 200.90 Mn 36.60 Mn
7 Acuity Inc. (De) 10.14 Bn 9.73 Bn 606.40 Mn 16.70 Mn
8 Powell Industries 8.00 Bn 7.45 Bn 87.94 Mn 1.83 Mn
9 EnerSys 7.00 Bn 6.56 Bn 290.87 Mn 12.83 Mn
10 Plug Power 2.89 Bn 2.48 Bn -21.61 Mn 2.41 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.41 Mn
Mar 31, 2026 2.41 Mn
Dec 31, 2025 4.67 Mn
Dec 31, 2025 4.67 Mn
Sep 30, 2025 2.40 Mn
Sep 30, 2025 2.40 Mn
Jun 30, 2025 1.80 Mn
Jun 30, 2025 1.80 Mn
Mar 31, 2025 5.61 Mn
Mar 31, 2025 5.61 Mn
Dec 31, 2024 5.64 Mn
Dec 31, 2024 5.64 Mn
Sep 30, 2024 -42.83 Mn
Sep 30, 2024 -42.83 Mn
Jun 30, 2024 78.27 Mn
Jun 30, 2024 78.27 Mn
Mar 31, 2024 6.07 Mn
Mar 31, 2024 6.07 Mn
Dec 31, 2023 533.43 Mn
Dec 31, 2023 533.43 Mn