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| Date | Value |
|---|---|
| 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 |