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| Date | Value |
|---|---|
| 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 |