BE vs. PLUG

Last updated Jul 30, 2026

BE (Bloom Energy Corporation) and PLUG (Plug Power Inc.) are both stocks. Both operate in the Electrical Equipment & Parts industry within the Industrials sector. Over the past 5 years, BE returned 49.67%/yr vs -41.31%/yr for PLUG. Their 0.54 correlation means they have sometimes moved together and sometimes differently.

Performance

BE vs. PLUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bloom Energy Corporation (BE) and Plug Power Inc. (PLUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BE achieves a 88.46% return, which is significantly higher than PLUG's -3.55% return.

BE

• 1D: -1.85%
• 1M: -40.46%
• 6M: -0.99%
• YTD: 88.46%
• 1Y: 371.22%
• 3Y*: 111.29%
• 5Y*: 49.67%
• 10Y*: —
• ALL TIME*: 31.11%

PLUG

• 1D: -3.06%
• 1M: -26.64%
• 6M: -22.45%
• YTD: -3.55%
• 1Y: 19.50%
• 3Y*: -45.69%
• 5Y*: -41.31%
• 10Y*: 0.60%
• ALL TIME*: -15.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BE Bloom Energy Corporation	$3.60B	$3.53B	$3.41B
PLUG Plug Power Inc.	$104.84M	$112.89M	$205.95M

BE vs. PLUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BE Bloom Energy Corporation	88.46%	291.22%	50.07%	-22.59%	-12.81%	-23.48%	283.67%	-25.15%	-46.63%
PLUG Plug Power Inc.	-3.55%	-7.51%	-52.67%	-63.62%	-56.18%	-16.75%	973.10%	154.84%	-35.08%

Correlation

The correlation between BE and PLUG is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (3Y) Balances recent behavior with more history.	0.47
Correlation (5Y) Shows whether the relationship held over a longer period.	0.59
Correlation (All Time) Calculated using the full available price history since Jul 25, 2018	0.54

The correlation between BE and PLUG shifts across timeframes, from 0.46 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BE : $46.58B PLUG : $2.65B
EPS BE : $0.86 PLUG : -$1.36
PS Ratio BE : 15.01 PLUG : 3.17
PB Ratio BE : 32.84 PLUG : 3.52
Total Revenue (TTM) BE : $3.11B PLUG : $739.76M
Gross Profit (TTM) BE : $972.69M PLUG : -$189.79M
EBITDA (TTM) BE : $309.03M PLUG : -$745.89M

Return for Risk

BE vs. PLUG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BE

BE Risk / Return Rank: 96
BE Sharpe Ratio Rank: 98
BE Sortino Ratio Rank: 94
BE Omega Ratio Rank: 92
BE Calmar Ratio Rank: 98
BE Martin Ratio Rank: 98

PLUG

PLUG Risk / Return Rank: 57
PLUG Sharpe Ratio Rank: 53
PLUG Sortino Ratio Rank: 64
PLUG Omega Ratio Rank: 59
PLUG Calmar Ratio Rank: 55
PLUG Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BE vs. PLUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bloom Energy Corporation (BE) and Plug Power Inc. (PLUG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BE	PLUG	Difference
Sharpe ratio: Return per unit of total volatility	3.35	0.20	+3.15
Sortino ratio: Return per unit of downside risk	3.12	1.18	+1.94
Omega ratio: Gain probability vs. loss probability	1.38	1.12	+0.26
Calmar ratio: Return relative to maximum drawdown	7.11	0.35	+6.76
Martin ratio: Return relative to average drawdown	20.92	0.54	+20.38

BE vs. PLUG - Sharpe Ratio Comparison

The current BE Sharpe Ratio is 3.35, which is higher than the PLUG Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of BE and PLUG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BE vs. PLUG - Drawdown Comparison

The maximum BE drawdown since its inception was -92.54%, smaller than the maximum PLUG drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for BE and PLUG.

Drawdown Indicators

	BE	PLUG	Difference
Max Drawdown Largest peak-to-trough decline	-92.54%	-99.99%	+7.45%
Max Drawdown (1Y) Largest decline over 1 year	-52.65%	-56.66%	+4.01%
Max Drawdown (3Y) Largest decline over 3 years	-52.65%	-94.67%	+42.02%
Max Drawdown (5Y) Largest decline over 5 years	-75.87%	-98.43%	+22.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-99.04%	—
Current Drawdown Current decline from peak	-52.65%	-99.87%	+47.22%
Average Drawdown Average peak-to-trough decline	-51.50%	-96.23%	+44.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.85%	36.01%	-18.16%

Volatility

BE vs. PLUG - Volatility Comparison

Bloom Energy Corporation (BE) has a higher volatility of 35.59% compared to Plug Power Inc. (PLUG) at 15.43%. This indicates that BE's price experiences larger fluctuations and is considered to be riskier than PLUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BE	PLUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.59%	15.43%	+20.16%
Volatility (6M) Calculated over the trailing 6-month period	82.05%	60.29%	+21.76%
Volatility (1Y) Calculated over the trailing 1-year period	111.83%	98.43%	+13.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.99%	94.45%	-6.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.31%	89.61%	+6.70%

Dividends

BE vs. PLUG - Dividend Comparison

Neither BE nor PLUG has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both BE and PLUG in my portfolio?

BE and PLUG have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BE or PLUG?

BE has higher volatility (35.59%) compared to PLUG (15.43%). In terms of maximum drawdown, BE dropped -92.54% vs PLUG's -99.99%.

Which has better risk-adjusted returns?

BE currently has the higher Sharpe Ratio (3.35 vs 0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.