Plug Power (PLUG) Change in Inventory (2010 - 2026)
Plug Power (PLUG) posted quarterly Change in Inventory of $6.9 million for Q1 2026, down 62.63% year-over-year from $18.4 million in Q1 2025, and up 135.41% quarter-over-quarter from -$19.4 million in Q4 2025.
Plug Power (PLUG) Change in Inventory (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Change in Inventory for 17 consecutive years, with $6.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Change in Inventory fell 62.63% year-over-year to $6.9 million; the TTM figure through Mar 2026 stood at -$63.4 million (up 57.53% YoY), while the FY2025 annual figure was -$51.9 million, up 59.86% from the prior year.
- Change in Inventory grew to $6.9 million in Q1 2026 per PLUG's latest filing, from -$19.4 million in the prior quarter.
- Across five years, Change in Inventory topped out at $142.0 million in Q3 2023 and bottomed at -$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.
- Annual changes were most pronounced in 2022 — Change in Inventory jumped 1039.59% — and 2024, when it sank 3068.8%.
- Plug Power's 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 soared by 80.32% to -$19.4 million in 2025, then soared by 135.41% to $6.9 million in 2026.
- Business Quant data shows PLUG's Change in Inventory at $6.9 million in Q1 2026, -$19.4 million in Q4 2025, and -$16.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 663.80 Mn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 26.47 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 13.40 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 18.00 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 79.90 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | -55.60 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 9.38 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 14.48 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 6.32 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn | -10.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -10.39 Mn |
| Jun 30, 2026 | -10.39 Mn |
| 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 |