Plug Power (PLUG) Inventory Average (2011 - 2026)

Plug Power (PLUG) reported Inventory Average of $518.6 million for Q1 2026, down 24.63% year-over-year from $688.1 million in Q1 2025, and down 3.62% quarter-over-quarter from $538.0 million in Q4 2025.

Plug Power (PLUG) Inventory Average (2011 - 2026) Analysis & Trends

Plug Power (PLUG) has 16 years of Inventory Average data on file, last reported at $518.6 million in Q1 2026.

  • Inventory Average for Q1 2026 came in at $518.6 million, down 24.63% year-over-year; the trailing twelve-month figure through Mar 2026 was $518.6 million (down 24.63% YoY), and the FY2025 annual result was $601.8 million, down 26.78% from the prior year.
  • Inventory Average slipped to $518.6 million in Q1 2026 per PLUG's latest filing, from $538.0 million in the prior quarter.
  • Over five years, Inventory Average peaked at $992.7 million in Q4 2023 and troughed at $301.3 million in Q1 2022.
  • A 5-year average of $698.8 million and a median of $688.1 million in 2025 frame the typical range for Inventory Average.
  • The sharpest annual moves came in 2023 and 2025: Inventory Average jumped 135.88% in 2023, then tumbled 34.31% in 2025.
  • A 5-year view of Inventory Average shows it stood at $581.0 million in 2022, then surged by 70.88% to $992.7 million in 2023, then fell by 21.01% to $784.2 million in 2024, then slumped by 31.39% to $538.0 million in 2025, then fell by 3.62% to $518.6 million in 2026.
  • Business Quant data shows PLUG's Inventory Average at $518.6 million in Q1 2026, $538.0 million in Q4 2025, and $599.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inventory Avg. (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - 1.97 Mn
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 1.65 Bn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 687.92 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 491.95 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 1.11 Bn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 434.95 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 85.63 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 18.84 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 516.65 Mn
10 Plug Power 3.75 Bn 3.37 Bn -21.61 Mn 518.56 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 518.56 Mn
Dec 31, 2025 538.03 Mn
Sep 30, 2025 599.51 Mn
Jun 30, 2025 668.70 Mn
Mar 31, 2025 688.06 Mn
Dec 31, 2024 784.20 Mn
Sep 30, 2024 912.65 Mn
Jun 30, 2024 957.72 Mn
Mar 31, 2024 968.58 Mn
Dec 31, 2023 992.73 Mn
Sep 30, 2023 964.25 Mn
Jun 30, 2023 839.97 Mn
Mar 31, 2023 710.64 Mn
Dec 31, 2022 580.96 Mn
Sep 30, 2022 472.91 Mn
Jun 30, 2022 381.46 Mn
Mar 31, 2022 301.27 Mn
Dec 31, 2021 249.49 Mn
Sep 30, 2021 219.82 Mn
Jun 30, 2021 198.78 Mn