Plug Power (PLUG) Convertible Debt (2018 - 2026)
Plug Power (PLUG) posted Convertible Debt of $578 million for Q2 2026, up 15.0% from the prior quarter.
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Analysis
Plug Power (PLUG) Convertible Debt (2018 - 2026) Analysis & Trends
At the end of FY2025, Plug Power's Convertible Debt came in at $431.01 million, up 34.2% from FY2024.
- Annual Convertible Debt has increased for five consecutive years, with a five-year compound annual growth rate of 38.2% (FY2020 to FY2025).
- In prior years, Plug Power's Convertible Debt was $321.06 million in FY2024 (+64.4%), $195.26 million in FY2023 (+0.7%), $193.92 million in FY2022 (+0.7%) and $192.63 million in FY2021 (+124.9%).
- The Q2 2026 figure stands as the highest quarterly Convertible Debt in data going back to Q1 2018.
- On a year-over-year basis, Convertible Debt increased in four of the last five quarters, with growth averaging 38.8%.
- The strongest year-over-year quarter for Convertible Debt in the past five years was Q4 2021, with growth of 124.9%; the weakest was Q3 2024, with a decline of 23.4%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Plug Power | 2.60 Bn | 1.68 Bn | -1.68 Mn |
| 2 | Rex American Resources | 1.41 Bn | 57.46 Mn | 53.30 Mn |
| 3 | Green Plains | 1.04 Bn | 438.04 Mn | 113.03 Mn |
| 4 | Montauk Renewables | 401.08 Mn | 328.86 Mn | - |
| 5 | Clean Energy Fuels | 350.37 Mn | -305.43 Mn | 30.14 Mn |
| 6 | Gevo | 331.30 Mn | 48.28 Mn | 19.80 Mn |
| 7 | OPAL Fuels | 314.56 Mn | 47.17 Mn | 24.47 Mn |
| 8 | Aemetis | 133.29 Mn | 117.04 Mn | 13.52 Mn |
| 9 | Verde Clean Fuels | 50.79 Mn | -147.69 Mn | - |
| 10 | Blue Biofuels | 35.59 Mn | 35.40 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 578.00 Mn |
| 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 | 191.77 Mn |
API Access
Plug Power Convertible Debt 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=convertible-debt&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "convertible-debt", "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=convertible-debt&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();