Plug Power (PLUG) Enterprise Value (2009 - 2026)
Plug Power's Enterprise Value came in at $2.59 billion for Q3 2026, down 1.2% from $2.62 billion a year earlier and down 28.8% from the prior quarter.
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Analysis
Plug Power (PLUG) Enterprise Value (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Plug Power reported Enterprise Value of $1.83 billion, down 7.2% year-over-year; for FY2025, it was $1.92 billion, up 4.2% from FY2024.
- Enterprise Value carries a five-year compound annual growth rate of -29.1% (FY2020 to FY2025).
- Going back by year, Enterprise Value was $1.84 billion in FY2024 (-37.6%), $2.94 billion in FY2023 (-44.6%), $5.32 billion in FY2022 (-57.8%) and $12.59 billion in FY2021 (+17.5%).
- The five-year range for quarterly Enterprise Value is $1.24 billion (Q1 2025) to $13.24 billion (Q1 2022).
- Year-over-year, Enterprise Value increased in four of the last eight quarters, with growth averaging 23.9%.
- The fastest year-over-year change in Enterprise Value over five years came in Q1 2026 (growth of 139.1%), and the weakest in Q2 2024 (a decline of 62.1%).
- Business Quant data shows PLUG's Enterprise Value at $3.63 billion (Q2 2026), $2.95 billion (Q1 2026) and $1.92 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Plug Power | 1.55 Bn | 670.46 Mn | -5.36 Mn |
| 2 | Rex American Resources | 1.27 Bn | -87.85 Mn | 53.30 Mn |
| 3 | Green Plains | 940.41 Mn | 317.05 Mn | 142.81 Mn |
| 4 | Gevo | 452.70 Mn | 177.08 Mn | 47.81 Mn |
| 5 | Clean Energy Fuels | 405.62 Mn | -158.48 Mn | 41.24 Mn |
| 6 | OPAL Fuels | 215.20 Mn | -105.54 Mn | 27.77 Mn |
| 7 | Montauk Renewables | 136.08 Mn | 63.86 Mn | - |
| 8 | Verde Clean Fuels | 43.66 Mn | -149.00 Mn | - |
| 9 | Blue Biofuels | 38.93 Mn | 38.83 Mn | - |
| 10 | XCF Global | 27.62 Mn | 25.21 Mn | 276,200.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.59 Bn |
| Jun 30, 2026 | 3.63 Bn |
| Mar 31, 2026 | 2.95 Bn |
| Dec 31, 2025 | 1.92 Bn |
| Sep 30, 2025 | 2.62 Bn |
| Jun 30, 2025 | 1.66 Bn |
| Mar 31, 2025 | 1.24 Bn |
| Dec 31, 2024 | 1.84 Bn |
| Sep 30, 2024 | 1.97 Bn |
| Jun 30, 2024 | 1.99 Bn |
| Mar 31, 2024 | 2.38 Bn |
| Dec 31, 2023 | 2.94 Bn |
| Sep 30, 2023 | 4.10 Bn |
| Jun 30, 2023 | 5.24 Bn |
| Mar 31, 2023 | 5.54 Bn |
| Dec 31, 2022 | 5.32 Bn |
| Sep 30, 2022 | 9.68 Bn |
| Jun 30, 2022 | 6.62 Bn |
| Mar 31, 2022 | 13.24 Bn |
| Dec 31, 2021 | 12.59 Bn |
API Access
Plug Power Enterprise Value 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=enterprise-value&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();