Plug Power (PLUG) Shares Outstanding (Diluted) (2013 - 2026)
Plug Power (PLUG) recorded Shares Outstanding (Diluted) of 1.39 billion in 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 (Diluted) (2013 - 2026) Analysis & Trends
For FY2025, Plug Power reported Shares Outstanding (Diluted) of 1.15 billion, up 46.1% from FY2024.
- Annual Shares Outstanding (Diluted) has increased for eight straight years, with a five-year compound annual growth rate of 26.4% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding (Diluted) 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 is the highest quarterly Shares Outstanding (Diluted) in data going back to Q2 2013.
- On a year-over-year basis, Shares Outstanding (Diluted) has increased for 31 consecutive quarters, with growth averaging 40.9% over the last eight quarters.
- Across the past five years, year-over-year growth in Shares Outstanding (Diluted) ran from 0.6% in Q3 2022 to 73.6% in Q3 2021.
- Per Business Quant, the preceding three quarters 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 (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.71 Bn | 1.80 Bn | -1.68 Mn | 1.39 Bn |
| 2 | Rex American Resources | 1.44 Bn | 86.32 Mn | 53.30 Mn | 33.09 Mn |
| 3 | Green Plains | 1.06 Bn | 456.27 Mn | 113.03 Mn | 84.49 Mn |
| 4 | Montauk Renewables | 391.06 Mn | 318.84 Mn | - | 143.93 Mn |
| 5 | Clean Energy Fuels | 343.76 Mn | -312.04 Mn | 30.14 Mn | 220.26 Mn |
| 6 | Gevo | 326.35 Mn | 43.33 Mn | 19.80 Mn | 237.05 Mn |
| 7 | OPAL Fuels | 305.82 Mn | 38.43 Mn | 24.47 Mn | 29.64 Mn |
| 8 | Aemetis | 128.25 Mn | 112.00 Mn | 13.52 Mn | 70.89 Mn |
| 9 | Verde Clean Fuels | 47.67 Mn | -150.80 Mn | - | 22.07 Mn |
| 10 | Blue Biofuels | 32.35 Mn | 32.16 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 (Diluted) 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-diluted&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();