Plug Power (PLUG) Property, Plant & Equipment (Net) (2009 - 2026)
Plug Power's Property, Plant & Equipment (Net) was $191.74 million in Q3 2026, down 78.1% from $877.35 million a year earlier and down 21.4% from the prior quarter.
Powered by 
Analysis
Plug Power (PLUG) Property, Plant & Equipment (Net) (2009 - 2026) Analysis & Trends
At the end of FY2025, Property, Plant & Equipment (Net) at Plug Power came in at $281 million, down 67.6% from FY2024.
- Property, Plant & Equipment (Net) shows a five-year compound annual growth rate of 30.4% (FY2020 to FY2025).
- In earlier years, Property, Plant & Equipment (Net) was $866.33 million in FY2024 (-39.7%), $1.44 billion in FY2023 (+99.5%), $719.79 million in FY2022 (+181.6%) and $255.62 million in FY2021 (+242.9%).
- The Q3 2026 figure marks the lowest quarterly Property, Plant & Equipment (Net) since Q3 2021.
- Compared with a year earlier, Property, Plant & Equipment (Net) has declined for eight straight quarters, with an average decline of 56.7% over the last eight quarters.
- The best year-over-year quarter for Property, Plant & Equipment (Net) over five years was Q1 2022 (growth of 292.0%); the worst was Q3 2026 (a decline of 78.1%).
- Per Business Quant data, PLUG's Property, Plant & Equipment (Net) in the three quarters before Q3 2026 was $244 million (Q2 2026), $240.5 million (Q1 2026) and $281 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PP&E (Net) (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 1.55 Bn | 670.46 Mn | -5.36 Mn | 191.74 Mn |
| 2 | Rex American Resources | 1.27 Bn | -87.85 Mn | 53.30 Mn | 293.96 Mn |
| 3 | Green Plains | 940.41 Mn | 317.05 Mn | 142.81 Mn | 909.10 Mn |
| 4 | Gevo | 452.70 Mn | 177.08 Mn | 47.81 Mn | 256.35 Mn |
| 5 | Clean Energy Fuels | 405.62 Mn | -158.48 Mn | 41.24 Mn | 300.30 Mn |
| 6 | OPAL Fuels | 215.20 Mn | -105.54 Mn | 27.77 Mn | 520.37 Mn |
| 7 | Montauk Renewables | 136.08 Mn | 63.86 Mn | - | 385.62 Mn |
| 8 | Verde Clean Fuels | 43.66 Mn | -149.00 Mn | - | 50,000.00 |
| 9 | Blue Biofuels | 38.93 Mn | 38.83 Mn | - | 574,519.00 |
| 10 | XCF Global | 27.62 Mn | 25.21 Mn | 276,200.00 | 407.65 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 191.74 Mn |
| Jun 30, 2026 | 244.00 Mn |
| Mar 31, 2026 | 240.50 Mn |
| Dec 31, 2025 | 281.00 Mn |
| Sep 30, 2025 | 877.35 Mn |
| Jun 30, 2025 | 910.14 Mn |
| Mar 31, 2025 | 879.85 Mn |
| Dec 31, 2024 | 866.33 Mn |
| Sep 30, 2024 | 1.53 Bn |
| Jun 30, 2024 | 1.51 Bn |
| Mar 31, 2024 | 1.45 Bn |
| Dec 31, 2023 | 1.44 Bn |
| Sep 30, 2023 | 1.25 Bn |
| Jun 30, 2023 | 1.06 Bn |
| Mar 31, 2023 | 874.66 Mn |
| Dec 31, 2022 | 719.79 Mn |
| Sep 30, 2022 | 607.27 Mn |
| Jun 30, 2022 | 431.49 Mn |
| Mar 31, 2022 | 324.65 Mn |
| Dec 31, 2021 | 255.62 Mn |
API Access
Plug Power Property, Plant & Equipment (Net) 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=property-plant-and-equipment-net&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "property-plant-and-equipment-net", "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=property-plant-and-equipment-net&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();