Plug Power (PLUG) Convertible Debt (2018 - 2026)
Plug Power (PLUG) reported Convertible Debt of $502.8 million for Q1 2026, up 96.95% year-over-year from $255.3 million in Q1 2025, and up 16.65% quarter-over-quarter from $431.0 million in Q4 2025.
Plug Power (PLUG) Convertible Debt (2018 - 2026) Analysis & Trends
Plug Power (PLUG) has 9 years of Convertible Debt data on file, last reported at $502.8 million in Q1 2026.
- Convertible Debt for Q1 2026 came in at $502.8 million, up 96.95% year-over-year; the trailing twelve-month figure through Mar 2026 was $502.8 million (up 96.95% YoY), and the FY2025 annual result was $431.0 million, up 34.25% from the prior year.
- Convertible Debt climbed to $502.8 million in Q1 2026 per PLUG's latest filing, from $431.0 million in the prior quarter.
- Over five years, Convertible Debt peaked at $502.8 million in Q1 2026 and troughed at $149.2 million in Q3 2024.
- A 5-year average of $242.0 million and a median of $194.9 million in 2023 frame the typical range for Convertible Debt.
- The sharpest annual moves came in 2022 and 2024: Convertible Debt jumped 1169.4% in 2022, then declined 23.45% in 2024.
- A 5-year view of Convertible Debt shows it stood at $193.9 million in 2022, then rose by 0.69% to $195.3 million in 2023, then soared by 64.42% to $321.1 million in 2024, then soared by 34.25% to $431.0 million in 2025, then increased by 16.65% to $502.8 million in 2026.
- Business Quant data shows PLUG's Convertible Debt at $502.8 million in Q1 2026, $431.0 million in Q4 2025, and $255.3 million in Q1 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 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 |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 502.77 Mn |
| Dec 31, 2025 | 431.01 Mn |
| Mar 31, 2025 | 255.28 Mn |
| Dec 31, 2024 | 321.06 Mn |
| Sep 30, 2024 | 149.21 Mn |
| Jun 30, 2024 | 208.58 Mn |
| Mar 31, 2024 | 209.80 Mn |
| Dec 31, 2023 | 195.26 Mn |
| Sep 30, 2023 | 194.92 Mn |
| Jun 30, 2023 | 194.58 Mn |
| Mar 31, 2023 | 194.25 Mn |
| Dec 31, 2022 | 193.92 Mn |
| Sep 30, 2022 | 193.59 Mn |
| Jun 30, 2022 | 193.27 Mn |
| Mar 31, 2022 | 192.95 Mn |
| Dec 31, 2021 | 192.63 Mn |
| Sep 30, 2021 | 192.32 Mn |
| Jun 30, 2021 | 192.01 Mn |
| Mar 31, 2021 | 15.20 Mn |
| Dec 31, 2020 | 85.64 Mn |