PLUG vs. BE

Last updated Jun 23, 2026

PLUG (Plug Power Inc.) and BE (Bloom Energy Corporation) are both stocks. Both operate in the Electrical Equipment & Parts industry within the Industrials sector. Over the past 5 years, PLUG returned -39.29%/yr vs 65.51%/yr for BE. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

PLUG vs. BE - Performance Comparison

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

Returns By Period

In the year-to-date period, PLUG achieves a 41.62% return, which is significantly lower than BE's 298.03% return.

PLUG

• 1D: -2.11%
• 1M: -26.19%
• YTD: 41.62%
• 6M: 32.23%
• 1Y: 151.35%
• 3Y*: -32.82%
• 5Y*: -39.29%
• 10Y*: 5.02%

BE

• 1D: 5.15%
• 1M: 14.33%
• YTD: 298.03%
• 6M: 274.86%
• 1Y: 1,490.11%
• 3Y*: 181.89%
• 5Y*: 65.51%
• 10Y*: —

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

PLUG vs. BE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PLUG Plug Power Inc.	41.62%	-7.51%	-52.67%	-63.62%	-56.18%	-16.75%	973.10%	154.84%	-35.08%
BE Bloom Energy Corporation	298.03%	291.22%	50.07%	-22.59%	-12.81%	-23.48%	283.67%	-25.15%	-46.63%

Correlation

The correlation between PLUG and BE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jul 25, 2018	0.53

The correlation between PLUG and BE shifts across timeframes, from 0.44 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PLUG : $3.88B BE : $110.57B
EPS PLUG : -$1.39 BE : $0.02
PS Ratio PLUG : 4.56 BE : 37.10
PB Ratio PLUG : 5.17 BE : 119.99
Total Revenue (TTM) PLUG : $739.76M BE : $2.45B
Gross Profit (TTM) PLUG : -$189.79M BE : $761.91M
EBITDA (TTM) PLUG : -$745.89M BE : $88.83M

Return for Risk

PLUG vs. BE — Risk / Return Rank

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

PLUG

PLUG Risk / Return Rank: 80
PLUG Sharpe Ratio Rank: 81
PLUG Sortino Ratio Rank: 86
PLUG Omega Ratio Rank: 79
PLUG Calmar Ratio Rank: 81
PLUG Martin Ratio Rank: 74

BE

BE Risk / Return Rank: 99
BE Sharpe Ratio Rank: 100
BE Sortino Ratio Rank: 98
BE Omega Ratio Rank: 97
BE Calmar Ratio Rank: 100
BE Martin Ratio Rank: 100

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.

PLUG vs. BE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Plug Power Inc. (PLUG) and Bloom Energy Corporation (BE). 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.

	PLUG	BE	Difference
Sharpe ratio: Return per unit of total volatility	1.43	13.92	-12.50
Sortino ratio: Return per unit of downside risk	2.67	5.44	-2.77
Omega ratio: Gain probability vs. loss probability	1.28	1.69	-0.41
Calmar ratio: Return relative to maximum drawdown	2.69	32.82	-30.13
Martin ratio: Return relative to average drawdown	4.52	101.70	-97.18

PLUG vs. BE - Sharpe Ratio Comparison

The current PLUG Sharpe Ratio is 1.43, which is lower than the BE Sharpe Ratio of 13.92. The chart below compares the historical Sharpe Ratios of PLUG and BE, 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

PLUG vs. BE - Drawdown Comparison

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

Drawdown Indicators

	PLUG	BE	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-92.54%	-7.45%
Max Drawdown (1Y) Largest decline over 1 year	-56.66%	-45.94%	-10.72%
Max Drawdown (3Y) Largest decline over 3 years	-94.69%	-53.42%	-41.27%
Max Drawdown (5Y) Largest decline over 5 years	-98.43%	-75.87%	-22.56%
Max Drawdown (10Y) Largest decline over 10 years	-99.04%	—	—
Current Drawdown Current decline from peak	-99.81%	0.00%	-99.81%
Average Drawdown Average peak-to-trough decline	-96.22%	-51.79%	-44.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.63%	14.80%	+18.83%

Volatility

PLUG vs. BE - Volatility Comparison

The current volatility for Plug Power Inc. (PLUG) is 26.41%, while Bloom Energy Corporation (BE) has a volatility of 28.47%. This indicates that PLUG experiences smaller price fluctuations and is considered to be less risky than BE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLUG	BE	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.41%	28.47%	-2.06%
Volatility (6M) Calculated over the trailing 6-month period	64.01%	73.68%	-9.67%
Volatility (1Y) Calculated over the trailing 1-year period	106.91%	108.51%	-1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.43%	86.29%	+8.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.56%	95.74%	-6.18%

Dividends

PLUG vs. BE - Dividend Comparison

Neither PLUG nor BE has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both PLUG and BE in my portfolio?

PLUG and BE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLUG or BE?

BE has higher volatility (28.47%) compared to PLUG (26.41%). In terms of maximum drawdown, PLUG dropped -99.99% vs BE's -92.54%.

Which has better risk-adjusted returns?

BE currently has the higher Sharpe Ratio (13.92 vs 1.43), 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.