Plug Power (PLUG) Inventory (2010 - 2026)
Plug Power (PLUG) posted Inventory of $493.45 million for Q2 2026, down 23.4% from $643.93 million a year earlier and down 4.4% from the prior quarter.
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Analysis
Plug Power (PLUG) Inventory (2010 - 2026) Analysis & Trends
At the end of FY2025, Plug Power's Inventory came in at $520.97 million, down 23.7% from FY2024.
- Annual Inventory shows a five-year compound annual growth rate of 30.2% (FY2020 to FY2025).
- In prior years, Plug Power's Inventory was $682.64 million in FY2024 (-29.0%), $961.25 million in FY2023 (+48.9%), $645.64 million in FY2022 (+139.9%) and $269.16 million in FY2021 (+93.1%).
- The Q2 2026 figure stands as the lowest quarterly Inventory since Q2 2022.
- On a year-over-year basis, Inventory has declined in each of the last eight quarters, with an average decline of 26.6% over the last eight quarters.
- The strongest year-over-year quarter for Inventory in the past five years was Q4 2022, with growth of 139.9%; the weakest was Q3 2025, with a decline of 37.3%.
- According to Business Quant data, Inventory for the three prior quarters was $516.15 million (Q1 2026), $520.97 million (Q4 2025) and $555.09 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.60 Bn | 1.68 Bn | -1.68 Mn | 493.45 Mn |
| 2 | Rex American Resources | 1.41 Bn | 57.46 Mn | 53.30 Mn | 28.98 Mn |
| 3 | Green Plains | 1.04 Bn | 438.04 Mn | 113.03 Mn | 128.56 Mn |
| 4 | Montauk Renewables | 401.08 Mn | 328.86 Mn | - | - |
| 5 | Clean Energy Fuels | 350.37 Mn | -305.43 Mn | 30.14 Mn | 43.28 Mn |
| 6 | Gevo | 331.30 Mn | 48.28 Mn | 19.80 Mn | 19.30 Mn |
| 7 | OPAL Fuels | 314.56 Mn | 47.17 Mn | 24.47 Mn | - |
| 8 | Aemetis | 133.29 Mn | 117.04 Mn | 13.52 Mn | 13.64 Mn |
| 9 | Verde Clean Fuels | 50.79 Mn | -147.69 Mn | - | - |
| 10 | Blue Biofuels | 35.59 Mn | 35.40 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 493.45 Mn |
| 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 |
API Access
Plug Power Inventory 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=inventory&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "inventory", "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=inventory&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();