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