Plug Power (PLUG) Work In Process (2013 - 2026)
Plug Power (PLUG) reported Work In Process of $91.18 million for Q2 2026, down 15.9% from $108.42 million a year earlier and down 4.6% from the prior quarter.
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Analysis
Plug Power (PLUG) Work In Process (2013 - 2026) Analysis & Trends
At the end of FY2025, Plug Power posted Work In Process of $84.25 million, down 35.1% from FY2024.
- Work In Process has a five-year compound annual growth rate of 23.5% (FY2020 to FY2025).
- By year, Work In Process came in at $129.82 million in FY2024 (-13.2%), $149.57 million in FY2023 (+33.3%), $112.23 million in FY2022 (+92.4%) and $58.34 million in FY2021 (+98.8%).
- Five-year quarterly Work In Process spans a low of $58.34 million in Q4 2021 and a high of $233.96 million in Q3 2023.
- Year over year, Work In Process has now declined in each of the last nine quarters, with an average decline of 26.1% over the last eight quarters.
- The high point for year-over-year Work In Process in five years was Q3 2023 (growth of 138.3%); the low point was Q3 2025 (a decline of 38.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $95.58 million (Q1 2026), $84.25 million (Q4 2025) and $90.02 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Plug Power | 2.60 Bn | 1.68 Bn | -1.68 Mn |
| 2 | Rex American Resources | 1.41 Bn | 57.46 Mn | 53.30 Mn |
| 3 | Green Plains | 1.04 Bn | 438.04 Mn | 113.03 Mn |
| 4 | Montauk Renewables | 401.08 Mn | 328.86 Mn | - |
| 5 | Clean Energy Fuels | 350.37 Mn | -305.43 Mn | 30.14 Mn |
| 6 | Gevo | 331.30 Mn | 48.28 Mn | 19.80 Mn |
| 7 | OPAL Fuels | 314.56 Mn | 47.17 Mn | 24.47 Mn |
| 8 | Aemetis | 133.29 Mn | 117.04 Mn | 13.52 Mn |
| 9 | Verde Clean Fuels | 50.79 Mn | -147.69 Mn | - |
| 10 | Blue Biofuels | 35.59 Mn | 35.40 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 91.18 Mn |
| Mar 31, 2026 | 95.58 Mn |
| Dec 31, 2025 | 84.25 Mn |
| Sep 30, 2025 | 90.02 Mn |
| Jun 30, 2025 | 108.42 Mn |
| Mar 31, 2025 | 123.02 Mn |
| Dec 31, 2024 | 129.82 Mn |
| Sep 30, 2024 | 146.44 Mn |
| Jun 30, 2024 | 144.54 Mn |
| Mar 31, 2024 | 156.15 Mn |
| Dec 31, 2023 | 149.57 Mn |
| Sep 30, 2023 | 233.96 Mn |
| Jun 30, 2023 | 190.05 Mn |
| Mar 31, 2023 | 139.01 Mn |
| Dec 31, 2022 | 112.23 Mn |
| Sep 30, 2022 | 98.18 Mn |
| Jun 30, 2022 | 86.24 Mn |
| Mar 31, 2022 | 62.56 Mn |
| Dec 31, 2021 | 58.34 Mn |
| Sep 30, 2021 | 61.53 Mn |
API Access
Plug Power Work In Process 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=work-in-process&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "work-in-process", "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=work-in-process&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();