Plug Power (PLUG) Capital Expenditures (2010 - 2026)
Plug Power (PLUG) reported Capital Expenditures of $24.36 million for Q2 2026, down 36.9% from $38.62 million a year earlier but up 326.8% from the prior quarter.
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Analysis
Plug Power (PLUG) Capital Expenditures (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Plug Power's Capital Expenditures came in at $62.16 million, down 63.9% year-over-year; for FY2025, it came in at $111.16 million, down 61.3% from FY2024.
- Capital Expenditures has a five-year compound annual growth rate of 34.0% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $287.1 million in FY2024 (-56.8%), $665.21 million in FY2023 (+52.4%), $436.61 million in FY2022 (+153.6%) and $172.17 million in FY2021 (+568.9%).
- Five-year quarterly Capital Expenditures spans a low of $4.39 million in Q4 2025 and a high of $181.18 million in Q4 2023.
- Year over year, Capital Expenditures has now declined in each of the last ten quarters, with an average decline of 65.8% over the last eight quarters.
- The high point for year-over-year Capital Expenditures in five years was Q1 2022 (growth of 693.5%); the low point was Q4 2025 (a decline of 87.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $5.71 million (Q1 2026), $4.39 million (Q4 2025) and $27.71 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.60 Bn | 1.68 Bn | -1.68 Mn | 24.36 Mn |
| 2 | Rex American Resources | 1.41 Bn | 57.46 Mn | 53.30 Mn | 23.34 Mn |
| 3 | Green Plains | 1.04 Bn | 438.04 Mn | 113.03 Mn | 10.69 Mn |
| 4 | Montauk Renewables | 401.08 Mn | 328.86 Mn | - | 24.69 Mn |
| 5 | Clean Energy Fuels | 350.37 Mn | -305.43 Mn | 30.14 Mn | 3.64 Mn |
| 6 | Gevo | 331.30 Mn | 48.28 Mn | 19.80 Mn | 12.49 Mn |
| 7 | OPAL Fuels | 314.56 Mn | 47.17 Mn | 24.47 Mn | 28.31 Mn |
| 8 | Aemetis | 133.29 Mn | 117.04 Mn | 13.52 Mn | 8.54 Mn |
| 9 | Verde Clean Fuels | 50.79 Mn | -147.69 Mn | - | 1,000.00 |
| 10 | Blue Biofuels | 35.59 Mn | 35.40 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.36 Mn |
| Mar 31, 2026 | 5.71 Mn |
| Dec 31, 2025 | 4.39 Mn |
| Sep 30, 2025 | 27.71 Mn |
| Jun 30, 2025 | 38.62 Mn |
| Mar 31, 2025 | 40.45 Mn |
| Dec 31, 2024 | 33.95 Mn |
| Sep 30, 2024 | 59.23 Mn |
| Jun 30, 2024 | 101.30 Mn |
| Mar 31, 2024 | 92.62 Mn |
| Dec 31, 2023 | 181.18 Mn |
| Sep 30, 2023 | 164.71 Mn |
| Jun 30, 2023 | 150.76 Mn |
| Mar 31, 2023 | 168.57 Mn |
| Dec 31, 2022 | 119.06 Mn |
| Sep 30, 2022 | 159.72 Mn |
| Jun 30, 2022 | 79.44 Mn |
| Mar 31, 2022 | 78.39 Mn |
| Dec 31, 2021 | 80.78 Mn |
| Sep 30, 2021 | 58.32 Mn |
API Access
Plug Power Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "PLUG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();