Plug Power (PLUG) Shares Outstanding (2010 - 2026)
Plug Power (PLUG) reported Shares Outstanding of 1.39 billion for Q2 2026, up 23.5% from 1.13 billion a year earlier and up 0.1% from the prior quarter.
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Analysis
Plug Power (PLUG) Shares Outstanding (2010 - 2026) Analysis & Trends
For FY2025, Plug Power posted Shares Outstanding of 1.15 billion, up 46.1% from FY2024.
- Shares Outstanding has increased for 16 consecutive years, with a five-year compound annual growth rate of 26.4% (FY2020 to FY2025).
- By year, Shares Outstanding came in at 785.02 million in FY2024 (+31.8%), 595.47 million in FY2023 (+2.7%), 579.72 million in FY2022 (+3.9%) and 558.18 million in FY2021 (+57.3%).
- The Q2 2026 figure ranks as the highest quarterly Shares Outstanding in data going back to Q2 2010.
- Year over year, Shares Outstanding has now increased in each of the last 29 quarters, with growth averaging 40.9% over the last eight quarters.
- Over the past five years, the year-over-year growth in Shares Outstanding ranged from 0.6% (Q3 2022) to 57.3% (Q4 2021).
- Per Business Quant data, the three quarters before Q2 2026 came in at 1.39 billion (Q1 2026), 1.15 billion (Q4 2025) and 1.16 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.60 Bn | 1.68 Bn | -1.68 Mn | 1.39 Bn |
| 2 | Rex American Resources | 1.41 Bn | 57.46 Mn | 53.30 Mn | 33.09 Mn |
| 3 | Green Plains | 1.04 Bn | 438.04 Mn | 113.03 Mn | 69.11 Mn |
| 4 | Montauk Renewables | 401.08 Mn | 328.86 Mn | - | 143.24 Mn |
| 5 | Clean Energy Fuels | 350.37 Mn | -305.43 Mn | 30.14 Mn | 220.26 Mn |
| 6 | Gevo | 331.30 Mn | 48.28 Mn | 19.80 Mn | 237.05 Mn |
| 7 | OPAL Fuels | 314.56 Mn | 47.17 Mn | 24.47 Mn | 29.64 Mn |
| 8 | Aemetis | 133.29 Mn | 117.04 Mn | 13.52 Mn | 70.89 Mn |
| 9 | Verde Clean Fuels | 50.79 Mn | -147.69 Mn | - | 22.07 Mn |
| 10 | Blue Biofuels | 35.59 Mn | 35.40 Mn | - | 321.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.39 Bn |
| Mar 31, 2026 | 1.39 Bn |
| Dec 31, 2025 | 1.15 Bn |
| Sep 30, 2025 | 1.16 Bn |
| Jun 30, 2025 | 1.13 Bn |
| Mar 31, 2025 | 945.77 Mn |
| Dec 31, 2024 | 785.02 Mn |
| Sep 30, 2024 | 858.44 Mn |
| Jun 30, 2024 | 736.85 Mn |
| Mar 31, 2024 | 641.26 Mn |
| Dec 31, 2023 | 595.47 Mn |
| Sep 30, 2023 | 599.47 Mn |
| Jun 30, 2023 | 598.05 Mn |
| Mar 31, 2023 | 589.21 Mn |
| Dec 31, 2022 | 579.72 Mn |
| Sep 30, 2022 | 578.04 Mn |
| Jun 30, 2022 | 578.04 Mn |
| Mar 31, 2022 | 577.87 Mn |
| Dec 31, 2021 | 558.18 Mn |
| Sep 30, 2021 | 574.52 Mn |
API Access
Plug Power Shares Outstanding 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=shares-outstanding&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();