Plug Power (PLUG) Debt to Equity (2010 - 2026)
Plug Power (PLUG) reported Debt to Equity of $0.09 for Q1 2026, up 19084.96% year-over-year from N/an in Q1 2025, and down 70.94% quarter-over-quarter from $0.32 in Q4 2025.
Plug Power (PLUG) Debt to Equity (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has 17 years of Debt to Equity data on file, last reported at $0.09 in Q1 2026.
- Debt to Equity for Q1 2026 came in at $0.09, up 19084.96% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.09 (up 19084.96% YoY), and the FY2025 annual result was $0.32, up 61332.62% from the prior year.
- Debt to Equity fell to $0.09 in Q1 2026 per PLUG's latest filing, from $0.32 in the prior quarter.
- Over five years, Debt to Equity peaked at $0.32 in Q4 2025 and troughed at $0.0 in Q2 2023.
- A 5-year average of $0.04 and a median of $0.0 in 2024 frame the typical range for Debt to Equity.
- The sharpest annual moves came in 2024 and 2025: Debt to Equity plunged 99.46% in 2024, then surged 61332.62% in 2025.
- A 5-year view of Debt to Equity shows it stood at $0.0 in 2022, then surged by 7512.92% to $0.1 in 2023, then sank by 99.46% to $0.0 in 2024, then soared by 61332.62% to $0.32 in 2025, then slumped by 70.94% to $0.09 in 2026.
- Business Quant data shows PLUG's Debt to Equity at $0.09 in Q1 2026, $0.32 in Q4 2025, and $0.08 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | 0.58 |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 0.69 |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | - |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 0.41 |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 0.68 |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 0.41 |
| 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 | 0.25 |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 Mn | 0.09 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.09 |
| Dec 31, 2025 | 0.32 |
| Sep 30, 2025 | 0.08 |
| Jun 30, 2025 | 0.04 |
| Mar 31, 2025 | 0.00 |
| Dec 31, 2024 | 0.00 |
| Sep 30, 2024 | 0.00 |
| Jun 30, 2024 | 0.00 |
| Mar 31, 2024 | 0.00 |
| Dec 31, 2023 | 0.10 |
| Sep 30, 2023 | 0.00 |
| Jun 30, 2023 | 0.00 |
| Mar 31, 2023 | 0.00 |
| Dec 31, 2022 | 0.00 |
| Sep 30, 2022 | 0.00 |
| Jun 30, 2022 | 0.00 |
| Mar 31, 2022 | 0.00 |
| Dec 31, 2021 | 0.00 |
| Sep 30, 2021 | 0.00 |
| Jun 30, 2021 | 0.01 |