Plug Power Inc
Plug Power Inc. develops hydrogen fuel cells product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen fueled proton exchange membrane fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirem… Read more
Plug Power Inc (PLUG) - Net Assets
Latest net assets as of September 2025: $1.50 Billion USD
Based on the latest financial reports, Plug Power Inc (PLUG) has net assets worth $1.50 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.10 Billion) and total liabilities ($1.61 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.50 Billion |
| % of Total Assets | 48.27% |
| Annual Growth Rate | 24.97% |
| 5-Year Change | 208.35% |
| 10-Year Change | 1349.27% |
| Growth Volatility | 1790.85 |
Plug Power Inc - Net Assets Trend (1998–2024)
This chart illustrates how Plug Power Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Plug Power Inc (1998–2024)
The table below shows the annual net assets of Plug Power Inc from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.81 Billion | -37.62% |
| 2023-12-31 | $2.90 Billion | -28.62% |
| 2022-12-31 | $4.06 Billion | -11.84% |
| 2021-12-31 | $4.61 Billion | +685.60% |
| 2020-12-31 | $586.26 Million | +149.94% |
| 2019-12-31 | $234.56 Million | +8545.78% |
| 2018-12-31 | $2.71 Million | -96.32% |
| 2017-12-31 | $73.65 Million | -13.45% |
| 2016-12-31 | $85.09 Million | -31.79% |
| 2015-12-31 | $124.74 Million | -21.19% |
| 2014-12-31 | $158.28 Million | +985.64% |
| 2013-12-31 | $-17.87 Million | -218.91% |
| 2012-12-31 | $15.03 Million | -48.24% |
| 2011-12-31 | $29.04 Million | -32.34% |
| 2010-12-31 | $42.91 Million | -51.38% |
| 2009-12-31 | $88.27 Million | -29.87% |
| 2008-12-31 | $125.86 Million | -49.43% |
| 2007-12-31 | $248.90 Million | -15.49% |
| 2006-12-31 | $294.53 Million | +135.71% |
| 2005-12-31 | $124.95 Million | +22.37% |
| 2004-12-31 | $102.11 Million | -29.23% |
| 2003-12-31 | $144.29 Million | +55.65% |
| 2002-12-31 | $92.70 Million | -31.34% |
| 2001-12-31 | $135.00 Million | +0.65% |
| 2000-12-31 | $134.13 Million | -33.40% |
| 1999-12-31 | $201.41 Million | +3561.95% |
| 1998-12-31 | $5.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Plug Power Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 657894500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $9.34 Million | 0.54% |
| Other Comprehensive Income | $-2.50 Million | -0.14% |
| Other Components | $8.32 Billion | 479.88% |
| Total Equity | $1.73 Billion | 100.00% |
Plug Power Inc Competitors by Market Cap
The table below lists competitors of Plug Power Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ellington Financial Inc.
NYSE:EFC-PD
|
$2.63 Billion |
|
AVIC Heavy Machinery Co Ltd
SHG:600765
|
$2.63 Billion |
|
Supernus Pharmaceuticals Inc
NASDAQ:SUPN
|
$2.63 Billion |
|
Veracyte Inc
NASDAQ:VCYT
|
$2.63 Billion |
|
Wonik Ips Co. Ltd
KQ:240810
|
$2.63 Billion |
|
GENTING SG LTD. DL -10
F:36T
|
$2.63 Billion |
|
Anadolu Efes Biracilik ve Malt Sanayi AS
IS:AEFES
|
$2.63 Billion |
|
Shanghai International Port Group Co Ltd
SHG:600018
|
$2.63 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Plug Power Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,898,125,000 to 1,734,137,000, a change of -1,163,988,000 (-40.2%).
- Net loss of 2,104,701,000 reduced equity.
- New share issuances of 857,872,000 increased equity.
- Other comprehensive income increased equity by 4,300,000.
- Other factors increased equity by 78,541,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.10 Billion | -121.37% |
| Share Issuances | $857.87 Million | +49.47% |
| Other Comprehensive Income | $4.30 Million | +0.25% |
| Other Changes | $78.54 Million | +4.53% |
| Total Change | $- | -40.16% |
Book Value vs Market Value Analysis
This analysis compares Plug Power Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 57.69x to 1.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $0.04 | $2.33 | x |
| 1999-12-31 | $76.63 | $2.33 | x |
| 2000-12-31 | $30.97 | $2.33 | x |
| 2001-12-31 | $28.82 | $2.33 | x |
| 2002-12-31 | $18.30 | $2.33 | x |
| 2003-12-31 | $23.99 | $2.33 | x |
| 2004-12-31 | $13.96 | $2.33 | x |
| 2005-12-31 | $15.93 | $2.33 | x |
| 2006-12-31 | $34.21 | $2.33 | x |
| 2007-12-31 | $28.50 | $2.33 | x |
| 2008-12-31 | $14.08 | $2.33 | x |
| 2009-12-31 | $6.84 | $2.33 | x |
| 2010-12-31 | $3.27 | $2.33 | x |
| 2011-12-31 | $1.55 | $2.33 | x |
| 2012-12-31 | $0.44 | $2.33 | x |
| 2013-12-31 | $-0.23 | $2.33 | x |
| 2014-12-31 | $0.99 | $2.33 | x |
| 2015-12-31 | $0.71 | $2.33 | x |
| 2016-12-31 | $0.47 | $2.33 | x |
| 2017-12-31 | $0.34 | $2.33 | x |
| 2018-12-31 | $0.01 | $2.33 | x |
| 2019-12-31 | $0.99 | $2.33 | x |
| 2020-12-31 | $1.65 | $2.33 | x |
| 2021-12-31 | $8.25 | $2.33 | x |
| 2022-12-31 | $7.00 | $2.33 | x |
| 2023-12-31 | $4.87 | $2.33 | x |
| 2024-12-31 | $2.02 | $2.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Plug Power Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -121.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -334.71%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 2.08x
- Recent ROE (-121.37%) is above the historical average (-171.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -174.55% | -147.69% | 0.80x | 1.47x | $-10.15 Million |
| 1999 | -16.62% | -304.26% | 0.05x | 1.07x | $-53.61 Million |
| 2000 | -64.30% | -1029.36% | 0.06x | 1.12x | $-99.65 Million |
| 2001 | -54.16% | -1273.39% | 0.04x | 1.12x | $-86.61 Million |
| 2002 | -50.94% | -399.54% | 0.11x | 1.17x | $-56.49 Million |
| 2003 | -36.76% | -424.24% | 0.08x | 1.11x | $-67.47 Million |
| 2004 | -45.77% | -289.56% | 0.14x | 1.16x | $-56.95 Million |
| 2005 | -41.41% | -383.67% | 0.10x | 1.12x | $-64.24 Million |
| 2006 | -17.08% | -642.05% | 0.03x | 1.05x | $-79.76 Million |
| 2007 | -24.34% | -372.27% | 0.06x | 1.08x | $-85.46 Million |
| 2008 | -96.69% | -679.84% | 0.09x | 1.66x | $-134.29 Million |
| 2009 | -46.12% | -331.16% | 0.07x | 1.86x | $-49.54 Million |
| 2010 | -109.43% | -241.15% | 0.33x | 1.38x | $-51.25 Million |
| 2011 | -94.55% | -99.38% | 0.50x | 1.92x | $-30.36 Million |
| 2012 | -211.99% | -122.04% | 0.66x | 2.63x | $-33.37 Million |
| 2013 | 0.00% | -235.59% | 0.75x | 0.00x | $-60.88 Million |
| 2014 | -55.90% | -137.77% | 0.31x | 1.30x | $-104.32 Million |
| 2015 | -44.65% | -53.92% | 0.49x | 1.68x | $-68.16 Million |
| 2016 | -67.56% | -66.90% | 0.36x | 2.83x | $-66.00 Million |
| 2017 | -172.56% | -95.60% | 0.49x | 3.68x | $-134.44 Million |
| 2018 | -2879.28% | -44.84% | 0.45x | 143.87x | $-78.39 Million |
| 2019 | -36.44% | -37.16% | 0.26x | 3.83x | $-108.92 Million |
| 2020 | -101.69% | 0.00% | -0.07x | 2.31x | $-654.78 Million |
| 2021 | -9.99% | -91.56% | 0.08x | 1.29x | $-920.53 Million |
| 2022 | -17.83% | -103.22% | 0.12x | 1.42x | $-1.13 Billion |
| 2023 | -47.23% | -153.57% | 0.18x | 1.69x | $-1.66 Billion |
| 2024 | -121.37% | -334.71% | 0.17x | 2.08x | $-2.28 Billion |
Industry Comparison
This section compares Plug Power Inc's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $315,233,876
- Average return on equity (ROE) among peers: -5.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Plug Power Inc (PLUG) | $1.50 Billion | -174.55% | 1.07x | $2.63 Billion |
| ABB Ltd (ABBNY) | $2.23 Billion | -31.00% | 13.51x | $85.22 Billion |
| Advent Technologies Holdings Inc (ADN) | $130.20 Million | -15.76% | 0.25x | $1.02 Million |
| Ads Tec Energy PLC (ADSE) | $-8.59 Million | 0.00% | 0.00x | $194.80 Million |
| Advanced Energy Industries Inc (AEIS) | $392.07 Million | 32.51% | 0.46x | $11.51 Billion |
| AFC Energy plc (AFGYF) | $30.27 Million | -57.55% | 0.21x | $91.15 Million |
| Alfen N.V (ALFNF) | $6.81 Million | 25.29% | 3.39x | $265.32 Million |
| Amprius Technologies Inc. (AMPX) | $13.86 Million | -71.41% | 0.34x | $1.30 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $118.20 Million | 3.47% | 0.76x | $17.88 Million |
| Astro Communications Inc (ASTO) | $7.59 Million | 3.65% | 0.08x | $18.93K |
| Atkore International Group Inc (ATKR) | $232.94 Million | 59.69% | 5.17x | $1.72 Billion |