Plug Power (PLUG) Change in Inventory (2010 - 2026)
Plug Power's (PLUG) quarterly Change in Inventory came in at $6.9 million in Q1 2026, down 62.63% year-on-year from $18.4 million in Q1 2025, and up 135.41% on a QoQ basis from -$19.4 million in Q4 2025.
Plug Power (PLUG) Change in Inventory (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has 17 years of Change in Inventory data on file, last reported at $6.9 million in Q1 2026.
- On a quarterly basis, Change in Inventory fell 62.63% year-over-year to $6.9 million in Q1 2026; TTM through Mar 2026 was -$63.4 million, a 57.53% increase from a year earlier, with the FY2025 full-year figure at -$51.9 million, up 59.86% from the prior year.
- Change in Inventory for Q1 2026 stood at $6.9 million, up from -$19.4 million in the prior quarter.
- Over the last five years, Change in Inventory for PLUG reached as high as $142.0 million in Q3 2023 and fell as low as -$98.4 million in Q4 2024.
- Historically, Change in Inventory has averaged $35.3 million across 5 years, with a median of $18.4 million in 2025.
- Across the five-year window, Change in Inventory surged 1039.59% in 2022 and tumbled 3068.8% in 2024, its largest moves.
- Year by year, Change in Inventory stood at $119.9 million in 2022, then slumped by 102.59% to -$3.1 million in 2023, then tumbled by 3068.8% to -$98.4 million in 2024, then surged by 80.32% to -$19.4 million in 2025, then surged by 135.41% to $6.9 million in 2026.
- Per Business Quant data, the three most recent Change in Inventory figures were $6.9 million in Q1 2026, -$19.4 million in Q4 2025, and -$16.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | - |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 384.20 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 88.58 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 61.20 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 42.60 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 48.40 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | -55.60 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 1.69 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | -64.00 Mn |
| 10 | Plug Power | 3.06 Bn | 2.67 Bn | -21.61 Mn | 6.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.86 Mn |
| Mar 31, 2026 | 6.86 Mn |
| Dec 31, 2025 | -19.37 Mn |
| Dec 31, 2025 | -19.37 Mn |
| Sep 30, 2025 | -16.17 Mn |
| Sep 30, 2025 | -16.17 Mn |
| Jun 30, 2025 | -34.71 Mn |
| Jun 30, 2025 | -34.71 Mn |
| Mar 31, 2025 | 18.36 Mn |
| Mar 31, 2025 | 18.36 Mn |
| Dec 31, 2024 | -98.42 Mn |
| Dec 31, 2024 | -98.42 Mn |
| Sep 30, 2024 | -42.79 Mn |
| Sep 30, 2024 | -42.79 Mn |
| Jun 30, 2024 | -26.39 Mn |
| Jun 30, 2024 | -26.39 Mn |
| Mar 31, 2024 | 38.31 Mn |
| Mar 31, 2024 | 38.31 Mn |
| Dec 31, 2023 | -3.11 Mn |
| Dec 31, 2023 | -3.11 Mn |