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

Plug Power (PLUG) reported Capital Expenditures of $26.1 million for Q1 2026, up 364.8% year-over-year from $5.6 million in Q1 2025, and up 1084.74% quarter-over-quarter from -$2.6 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 $26.1 million in Q1 2026.

  • Capital Expenditures for Q1 2026 came in at $26.1 million, up 364.8% year-over-year; the trailing twelve-month figure through Mar 2026 was $46.3 million (down 76.86% YoY), and the FY2025 annual result was $25.8 million, down 91.0% from the prior year.
  • Capital Expenditures climbed to $26.1 million in Q1 2026 per PLUG's latest filing, from -$2.6 million in the prior quarter.
  • Over five years, Capital Expenditures peaked at $413.8 million in Q4 2022 and troughed at -$293.2 million in Q3 2023.
  • A 5-year average of $55.1 million and a median of $33.9 million in 2024 frame the typical range for Capital Expenditures.
  • The sharpest annual moves came in 2022 and 2023: Capital Expenditures surged 18114.13% in 2022, then slumped 4000.86% in 2023.
  • A 5-year view of Capital Expenditures shows it stood at $413.8 million in 2022, then plunged by 67.5% to $134.5 million in 2023, then slumped by 74.76% to $33.9 million in 2024, then slumped by 107.8% to -$2.6 million in 2025, then soared by 1084.74% to $26.1 million in 2026.
  • Business Quant data shows PLUG's Capital Expenditures at $26.1 million in Q1 2026, -$2.6 million in Q4 2025, and -$50.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 1.40 Mn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 26.18 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 36.10 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 40.60 Mn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 36.60 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 1.83 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 15.91 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 15.80 Mn
10 Plug Power 3.75 Bn 3.37 Bn -21.61 Mn 26.07 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 26.07 Mn
Mar 31, 2026 26.07 Mn
Dec 31, 2025 -2.65 Mn
Dec 31, 2025 -2.65 Mn
Sep 30, 2025 -50.58 Mn
Sep 30, 2025 -50.58 Mn
Jun 30, 2025 73.46 Mn
Jun 30, 2025 73.46 Mn
Mar 31, 2025 5.61 Mn
Mar 31, 2025 5.61 Mn
Dec 31, 2024 33.95 Mn
Dec 31, 2024 33.95 Mn
Sep 30, 2024 242.13 Mn
Sep 30, 2024 242.13 Mn
Jun 30, 2024 -81.60 Mn
Jun 30, 2024 -81.60 Mn
Mar 31, 2024 92.62 Mn
Mar 31, 2024 92.62 Mn
Dec 31, 2023 134.48 Mn
Dec 31, 2023 134.48 Mn