Plug Power (PLUG) Capital Expenditures (2010 - 2026)
Plug Power (PLUG) posted quarterly Capital Expenditures of $2.4 million for Q1 2026, down 57.08% year-over-year from $5.6 million in Q1 2025, and down 48.48% quarter-over-quarter from $4.7 million in Q4 2025.
Plug Power (PLUG) Capital Expenditures (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Capital Expenditures for 17 consecutive years, with $2.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Capital Expenditures fell 57.08% year-over-year to $2.4 million; the TTM figure through Mar 2026 stood at $11.3 million (down 75.85% YoY), while the FY2025 annual figure was $14.5 million, down 69.3% from the prior year.
- Capital Expenditures retreated to $2.4 million in Q1 2026 per PLUG's latest filing, from $4.7 million in the prior quarter.
- Across five years, Capital Expenditures topped out at $533.4 million in Q4 2023 and bottomed at -$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.
- Annual changes were most pronounced in 2022 — Capital Expenditures jumped 949.89% — and 2024, when it tumbled 292.18%.
- Plug Power's Capital Expenditures stood at $119.1 million in 2022, then jumped by 348.05% to $533.4 million in 2023, then slumped by 98.94% to $5.6 million in 2024, then dropped by 17.12% to $4.7 million in 2025, then plunged by 48.48% to $2.4 million in 2026.
- Business Quant data shows PLUG's Capital Expenditures at $2.4 million in Q1 2026, $4.7 million in Q4 2025, and $2.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 173.30 Mn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 70.46 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 21.50 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 37.00 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 49.50 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 16.70 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 6.53 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 12.42 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 10.31 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn | 4.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.00 Mn |
| Jun 30, 2026 | 4.00 Mn |
| 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 |