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
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