Plug Power (PLUG) Change in Inventory (2010 - 2026)

Plug Power (PLUG) reported 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 17 years of Change in Inventory data on file, last reported at $6.9 million in Q1 2026.

  • Change in Inventory for Q1 2026 came in at $6.9 million, down 62.63% year-over-year; the trailing twelve-month figure through Mar 2026 was -$63.4 million (up 57.53% YoY), and the FY2025 annual result was -$51.9 million, up 59.86% from the prior year.
  • Change in Inventory climbed to $6.9 million in Q1 2026 per PLUG's latest filing, from -$19.4 million in the prior quarter.
  • Over five years, Change in Inventory peaked at $142.0 million in Q3 2023 and troughed at -$98.4 million in Q4 2024.
  • A 5-year average of $35.3 million and a median of $18.4 million in 2025 frame the typical range for Change in Inventory.
  • The sharpest annual moves came in 2022 and 2024: Change in Inventory jumped 1039.59% in 2022, then sank 3068.8% in 2024.
  • A 5-year view of Change in Inventory shows it stood at $119.9 million in 2022, then sank by 102.59% to -$3.1 million in 2023, then slumped 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.
  • 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 384.20 Mn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 88.58 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 42.60 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 61.20 Mn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 48.40 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 1.69 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn -
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn -4.20 Mn
10 Plug Power 3.75 Bn 3.37 Bn -21.61 Mn 6.86 Mn

Historic Data

Download Data
DateValue
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