Plug Power (PLUG) Common Equity (2010 - 2026)
Plug Power's Common Equity came in at $587.29 million for Q2 2026, down 66.7% from $1.76 billion a year earlier and down 24.1% from the prior quarter.
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Analysis
Plug Power (PLUG) Common Equity (2010 - 2026) Analysis & Trends
At the end of FY2025, Plug Power's Common Equity was $1 billion, down 44.5% from FY2024.
- Common Equity has declined in each of the last four years, with a five-year compound annual growth rate of -7.3% (FY2020 to FY2025).
- Going back by year, Common Equity was $1.81 billion in FY2024 (-37.6%), $2.9 billion in FY2023 (-28.6%), $4.06 billion in FY2022 (-11.8%) and $4.61 billion in FY2021 (+214.0%).
- The Q2 2026 figure represents the lowest quarterly Common Equity since Q3 2020.
- Year-over-year, Common Equity has declined for 18 consecutive quarters, with an average decline of 43.5% over the last eight quarters.
- The fastest year-over-year change in Common Equity over five years came in Q3 2021 (growth of 702.9%), and the weakest in Q2 2026 (a decline of 66.7%).
- Business Quant data shows PLUG's Common Equity at $773.89 million (Q1 2026), $1 billion (Q4 2025) and $1.5 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.60 Bn | 1.68 Bn | -1.68 Mn | 587.29 Mn |
| 2 | Rex American Resources | 1.41 Bn | 57.46 Mn | 53.30 Mn | 771.61 Mn |
| 3 | Green Plains | 1.04 Bn | 438.04 Mn | 113.03 Mn | 869.93 Mn |
| 4 | Montauk Renewables | 401.08 Mn | 328.86 Mn | - | 264.53 Mn |
| 5 | Clean Energy Fuels | 350.37 Mn | -305.43 Mn | 30.14 Mn | 558.68 Mn |
| 6 | Gevo | 331.30 Mn | 48.28 Mn | 19.80 Mn | 273.16 Mn |
| 7 | OPAL Fuels | 314.56 Mn | 47.17 Mn | 24.47 Mn | 37.90 Mn |
| 8 | Aemetis | 133.29 Mn | 117.04 Mn | 13.52 Mn | -322.11 Mn |
| 9 | Verde Clean Fuels | 50.79 Mn | -147.69 Mn | - | 54.75 Mn |
| 10 | Blue Biofuels | 35.59 Mn | 35.40 Mn | - | -4.06 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 587.29 Mn |
| Mar 31, 2026 | 773.89 Mn |
| Dec 31, 2025 | 1.00 Bn |
| Sep 30, 2025 | 1.50 Bn |
| Jun 30, 2025 | 1.76 Bn |
| Mar 31, 2025 | 1.93 Bn |
| Dec 31, 2024 | 1.81 Bn |
| Sep 30, 2024 | 3.03 Bn |
| Jun 30, 2024 | 2.99 Bn |
| Mar 31, 2024 | 2.93 Bn |
| Dec 31, 2023 | 2.90 Bn |
| Sep 30, 2023 | 3.51 Bn |
| Jun 30, 2023 | 3.74 Bn |
| Mar 31, 2023 | 3.92 Bn |
| Dec 31, 2022 | 4.06 Bn |
| Sep 30, 2022 | 4.22 Bn |
| Jun 30, 2022 | 4.34 Bn |
| Mar 31, 2022 | 4.48 Bn |
| Dec 31, 2021 | 4.61 Bn |
| Sep 30, 2021 | 4.71 Bn |
API Access
Plug Power Common Equity 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=common-equity&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();