Plug Power (PLUG) Enterprise Value (2010 - 2026)
Plug Power (PLUG) reported Enterprise Value of -$382.8 million for Q1 2026, up 8.09% year-over-year from -$354.2 million in Q1 2025, and up 27.78% quarter-over-quarter from -$530.0 million in Q4 2025.
Plug Power (PLUG) Enterprise Value (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has 17 years of Enterprise Value data on file, last reported at -$382.8 million in Q1 2026.
- Enterprise Value for Q1 2026 came in at -$382.8 million, up 8.09% year-over-year; the trailing twelve-month figure through Mar 2026 was -$382.8 million (up 8.09% YoY), and the FY2025 annual result was -$530.0 million, down 60.58% from the prior year.
- Enterprise Value improved to -$382.8 million in Q1 2026 per PLUG's latest filing, from -$530.0 million in the prior quarter.
- Over five years, Enterprise Value peaked at -$178.6 million in Q3 2023 and troughed at -$3.0 billion in Q2 2022.
- A 5-year average of -$831.3 million and a median of -$392.5 million in 2024 frame the typical range for Enterprise Value.
- The sharpest annual moves came in 2023 and 2024: Enterprise Value soared 93.04% in 2023, then slumped 73.94% in 2024.
- A 5-year view of Enterprise Value shows it stood at -$849.6 million in 2022, then jumped by 58.62% to -$351.6 million in 2023, then advanced by 6.12% to -$330.1 million in 2024, then plunged by 60.58% to -$530.0 million in 2025, then advanced by 27.78% to -$382.8 million in 2026.
- Business Quant data shows PLUG's Enterprise Value at -$382.8 million in Q1 2026, -$530.0 million in Q4 2025, and -$273.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | -49.78 Mn |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | -2.50 Bn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | -2.47 Bn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | -190.00 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | -506.30 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | -1.90 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | -544.89 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | -531.30 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | -272.50 Mn |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 Mn | -382.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -382.82 Mn |
| Dec 31, 2025 | -530.04 Mn |
| Sep 30, 2025 | -273.20 Mn |
| Jun 30, 2025 | -253.29 Mn |
| Mar 31, 2025 | -416.52 Mn |
| Dec 31, 2024 | -330.08 Mn |
| Sep 30, 2024 | -310.71 Mn |
| Jun 30, 2024 | -285.21 Mn |
| Mar 31, 2024 | -392.49 Mn |
| Dec 31, 2023 | -351.59 Mn |
| Sep 30, 2023 | -178.63 Mn |
| Jun 30, 2023 | -752.87 Mn |
| Mar 31, 2023 | -650.84 Mn |
| Dec 31, 2022 | -849.59 Mn |
| Sep 30, 2022 | -2.57 Bn |
| Jun 30, 2022 | -2.97 Bn |
| Mar 31, 2022 | -2.64 Bn |
| Dec 31, 2021 | -3.72 Bn |
| Sep 30, 2021 | -3.46 Bn |
| Jun 30, 2021 | -3.24 Bn |