Plug Power (PLUG) Minority Interest (2024 - 2026)
Plug Power (PLUG) posted quarterly Minority Interest of $24.1 million for Q1 2026, down 68.06% year-over-year from $75.4 million in Q1 2025, and down 4.62% quarter-over-quarter from $25.2 million in Q4 2025.
Plug Power (PLUG) Minority Interest (2024 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Minority Interest for 3 consecutive years, with $24.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Minority Interest fell 68.06% year-over-year to $24.1 million; the TTM figure through Mar 2026 stood at $24.1 million (down 68.06% YoY), while the FY2025 annual figure was $25.2 million, down 65.71% from the prior year.
- Minority Interest eased to $24.1 million in Q1 2026 per PLUG's latest filing, from $25.2 million in the prior quarter.
- Across five years, Minority Interest topped out at $82.9 million in Q2 2025 and bottomed at $24.1 million in Q1 2026.
- Historically, Minority Interest has averaged $60.5 million across 3 years, with a median of $74.5 million in 2024.
- Annual changes were most pronounced in 2025 — Minority Interest plunged 65.71% — and 2026, when it plunged 68.06%.
- Plug Power's Minority Interest stood at $73.6 million in 2024, then slumped by 65.71% to $25.2 million in 2025, then slipped by 4.62% to $24.1 million in 2026.
- Business Quant data shows PLUG's Minority Interest at $24.1 million in Q1 2026, $25.2 million in Q4 2025, and $82.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.54 Mn |
| Mar 31, 2026 | 24.08 Mn |
| Dec 31, 2025 | 25.25 Mn |
| Sep 30, 2025 | 81.99 Mn |
| Jun 30, 2025 | 82.89 Mn |
| Mar 31, 2025 | 75.39 Mn |
| Dec 31, 2024 | 73.62 Mn |