Plug Power (PLUG) Inventory (2010 - 2026)

Plug Power (PLUG) reported Inventory of $516.2 million for Q1 2026, down 25.57% year-over-year from $693.5 million in Q1 2025, and down 0.92% quarter-over-quarter from $521.0 million in Q4 2025.

Plug Power (PLUG) Inventory (2010 - 2026) Analysis & Trends

Plug Power (PLUG) has 17 years of Inventory data on file, last reported at $516.2 million in Q1 2026.

  • Inventory for Q1 2026 came in at $516.2 million, down 25.57% year-over-year; the trailing twelve-month figure through Mar 2026 was $516.2 million (down 25.57% YoY), and the FY2025 annual result was $521.0 million, down 23.68% from the prior year.
  • Inventory eased to $516.2 million in Q1 2026 per PLUG's latest filing, from $521.0 million in the prior quarter.
  • Over five years, Inventory peaked at $1.0 billion in Q3 2023 and troughed at $333.4 million in Q1 2022.
  • A 5-year average of $706.1 million and a median of $682.6 million in 2024 frame the typical range for Inventory.
  • The sharpest annual moves came in 2022 and 2025: Inventory jumped 139.87% in 2022, then plunged 37.33% in 2025.
  • A 5-year view of Inventory shows it stood at $645.6 million in 2022, then soared by 48.88% to $961.3 million in 2023, then declined by 28.98% to $682.6 million in 2024, then fell by 23.68% to $521.0 million in 2025, then slipped by 0.92% to $516.2 million in 2026.
  • Business Quant data shows PLUG's Inventory at $516.2 million in Q1 2026, $521.0 million in Q4 2025, and $555.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inventory (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - 2.18 Mn
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 1.83 Bn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 732.53 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 512.00 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 1.14 Bn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 458.70 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 86.30 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 43.77 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 515.20 Mn
10 Plug Power 3.75 Bn 3.37 Bn -21.61 Mn 516.15 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 516.15 Mn
Dec 31, 2025 520.97 Mn
Sep 30, 2025 555.09 Mn
Jun 30, 2025 643.93 Mn
Mar 31, 2025 693.47 Mn
Dec 31, 2024 682.64 Mn
Sep 30, 2024 885.76 Mn
Jun 30, 2024 939.53 Mn
Mar 31, 2024 975.90 Mn
Dec 31, 2023 961.25 Mn
Sep 30, 2023 1.02 Bn
Jun 30, 2023 904.29 Mn
Mar 31, 2023 775.65 Mn
Dec 31, 2022 645.64 Mn
Sep 30, 2022 516.28 Mn
Jun 30, 2022 429.55 Mn
Mar 31, 2022 333.38 Mn
Dec 31, 2021 269.16 Mn
Sep 30, 2021 229.81 Mn
Jun 30, 2021 209.82 Mn