PLUG vs. NKLA

Last updated Jun 13, 2026

PLUG (Plug Power Inc.) and NKLA (Nikola Corporation) are both stocks. PLUG operates in Electrical Equipment & Parts (Industrials), while NKLA operates in Auto Manufacturers (Consumer Cyclical).

Performance

PLUG vs. NKLA - Performance Comparison

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

Returns By Period

PLUG

• 1D: -2.47%
• 1M: -26.98%
• YTD: 40.10%
• 6M: 18.97%
• 1Y: 113.95%
• 3Y*: -36.75%
• 5Y*: -38.69%
• 10Y*: 4.78%

NKLA

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLUG vs. NKLA - Yearly Performance Comparison

	2026 (YTD)
PLUG Plug Power Inc.	48.39%
NKLA Nikola Corporation	0.00%

Fundamentals

Total Revenue (TTM) PLUG : $739.76M NKLA : $68.86M
Gross Profit (TTM) PLUG : -$189.79M NKLA : -$254.24M
EBITDA (TTM) PLUG : -$745.89M NKLA : -$887.58M

Return for Risk

PLUG vs. NKLA — Risk / Return Rank

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

PLUG

PLUG Risk / Return Rank: 76
PLUG Sharpe Ratio Rank: 74
PLUG Sortino Ratio Rank: 81
PLUG Omega Ratio Rank: 75
PLUG Calmar Ratio Rank: 76
PLUG Martin Ratio Rank: 70

NKLA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. NKLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Plug Power Inc. (PLUG) and Nikola Corporation (NKLA). 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	NKLA	Difference
Sharpe ratio: Return per unit of total volatility	1.05	—	—
Sortino ratio: Return per unit of downside risk	2.28	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.99	—	—
Martin ratio: Return relative to average drawdown	3.38	—	—

Drawdowns

PLUG vs. NKLA - Drawdown Comparison

The maximum PLUG drawdown since its inception was -99.99%, which is greater than NKLA's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PLUG and NKLA.

Drawdown Indicators

	PLUG	NKLA	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	0.00%	-99.99%
Max Drawdown (1Y) Largest decline over 1 year	-56.66%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-94.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-98.43%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.04%	—	—
Current Drawdown Current decline from peak	-99.82%	0.00%	-99.82%
Average Drawdown Average peak-to-trough decline	-96.21%	0.00%	-96.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.39%	—	—

Volatility

Volatility by Period

	PLUG	NKLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	64.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	108.06%	0.00%	+108.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.54%	0.00%	+94.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.47%	0.00%	+89.47%

Dividends

PLUG vs. NKLA - Dividend Comparison

Neither PLUG nor NKLA has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials