Plug Power (PLUG) Raw Materials (2013 - 2026)

Plug Power (PLUG) reported Raw Materials of $347.0 million for Q1 2026, down 1.1% on a QoQ basis from $350.9 million in Q4 2025.

Plug Power (PLUG) has 9 years of Raw Materials data on file, last reported at $347.0 million in Q1 2026.

Quarterly Raw Materials changed N/A year-over-year to $347.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $347.0 million (changed N/A YoY) and the FY2025 annual result came in at $350.9 million, down 15.33% from the prior year.
Raw Materials slipped to $347.0 million in Q1 2026 per PLUG's latest filing, from $350.9 million in the prior quarter.
Across five years, Raw Materials topped out at $414.4 million in Q4 2024 and bottomed at $347.0 million in Q1 2026.
The 3-year median for Raw Materials is $350.9 million (2025), against an average of $370.8 million.
Peak annual rise in Raw Materials reached 15.33% in 2025, while the deepest fall reached 15.33% in 2025.
Tracing PLUG's Raw Materials over 3 years: stood at $414.4 million in 2024, then retreated by 15.33% to $350.9 million in 2025, then slipped by 1.1% to $347.0 million in 2026.
Per Business Quant, the three latest PLUG Raw Materials figures stand at $347.0 million (Q1 2026), $350.9 million (Q4 2025), and $414.4 million (Q4 2024).

Peer Comparison

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)
1	Vertiv Holdings	125.39 Bn	122.89 Bn	999.70 Mn
2	Bloom Energy	85.22 Bn	82.75 Bn	225.54 Mn
3	nVent Electric	26.63 Bn	26.44 Bn	445.60 Mn
4	Hubbell	25.22 Bn	24.72 Bn	505.30 Mn
5	Advanced Energy Industries	12.25 Bn	12.25 Bn	200.90 Mn
6	Powell Industries	10.16 Bn	9.61 Bn	87.94 Mn
7	Acuity Inc. (De)	8.82 Bn	8.55 Bn	520.40 Mn
8	EnerSys	8.70 Bn	8.26 Bn	290.87 Mn
9	Plug Power	5.25 Bn	4.87 Bn	-21.61 Mn
10	Hayward Holdings	3.01 Bn	2.78 Bn	118.70 Mn

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