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NOVT vs PLUG

Comparison between Novanta Inc (NOVT, Company) and Plug Power Inc (PLUG, Company).

NOVT is from the Technology sector, while PLUG is from the Industrials sector.

5-Year PerformanceNOVT has outperformed PLUG, delivering a return of +2.3% compared to -36.3%

NOVT vs PLUG - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap
NOVT
$5.75B
Winner
PLUG
$5.75B
Max Drawdown
Winner
NOVT
46.71%
PLUG
99.99%
Sharpe Ratio
NOVT
0.60
Winner
PLUG
1.61
5Y Beta
Winner
NOVT
1.60
PLUG
1.74
Industry
NOVT
Scientific & Technical Instruments
PLUG
Electrical Equipment & Parts
P/E Ratio
NOVT
107.35
Winner
PLUG
-4.61
Forward P/E
Winner
NOVT
8.39
PLUG
13.11
PEG Ratio
NOVT
2.11
Winner
PLUG
0.84
5Y EPS CAGR
NOVT
3.84%
Winner
PLUG
20.37%
Debt to Equity
NOVT
18.41%
Winner
PLUG
0.00%
Free Cash Flow Yield
Winner
NOVT
1.19%
PLUG
-11.36%
P/S Ratio
Winner
NOVT
5.57
PLUG
7.81
P/B Ratio
Winner
NOVT
4.39
PLUG
7.70

NOVT vs PLUG - Historical Returns

Returns include dividend reinvestment.

1M
Winner
NOVT
+18.14%
PLUG
-3.16%
3M
NOVT
+14.42%
Winner
PLUG
+40.39%
6M
NOVT
+34.80%
Winner
PLUG
+46.14%
1Y
NOVT
+23.72%
Winner
PLUG
+268.90%
5Y(CAGR)
Winner
NOVT
+2.33%
PLUG
-36.26%
10Y(CAGR)
Winner
NOVT
+25.61%
PLUG
+5.13%
Max(CAGR)
Winner
NOVT
+26.76%
PLUG
-13.66%

NOVT vs PLUG - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearNOVTPLUG
2026+40.62%+44.17%
2025-21.16%-15.45%
2024-7.02%-53.59%
2023+24.91%-63.05%
2022-21.81%-57.03%
2021+49.84%-12.25%
2020+29.17%+946.60%
2019+38.01%+137.59%
2018+24.75%-48.76%
2017+132.02%+95.04%
2016+58.85%-42.86%
2015N/A-29.19%
2014N/A+28.76%
2013N/A+210.00%
2012N/A-75.00%
2011N/A-47.69%
2010N/A-47.00%
2009N/A-31.73%
2008N/A-74.75%
2007N/A+1.80%
2006N/A-26.33%
2005N/A-13.78%
2004N/A-18.32%
2003N/A+53.28%
2002N/A-47.79%
2001N/A-44.96%
2000N/A-45.59%
1999N/A+76.56%

NOVT vs PLUG Drawdown Comparison

The maximum drawdown for NOVT was -46.71%, occurring on Nov 20, 2025. This drawdown has not yet recovered.

The maximum drawdown for PLUG was -99.99%, occurring on Feb 26, 2013. This drawdown has not yet recovered.

The current NOVT drawdown is -16.06%. The current PLUG drawdown is -99.79%.

RankNOVTPLUG
#1-46.71%
Jul 16, 2024 - Nov 20, 2025
-99.99%
Mar 10, 2000 - Feb 26, 2013
#2-38.60%
Nov 4, 2021 - Jun 29, 2023
-38.83%
Jan 24, 2000 - Mar 10, 2000
#3-34.98%
Jul 17, 2023 - Jul 16, 2024
-35.84%
Jan 7, 2000 - Jan 20, 2000
#4-31.80%
Feb 13, 2020 - May 20, 2020
-25.95%
Dec 13, 1999 - Jan 6, 2000
#5-27.81%
Aug 27, 2018 - Feb 22, 2019
-12.43%
Nov 4, 1999 - Dec 1, 1999
#6-24.96%
Jun 28, 2019 - Jan 13, 2020
-4.58%
Dec 8, 1999 - Dec 10, 1999
#7-19.00%
Nov 21, 2017 - Jan 16, 2018
N/A
#8-18.56%
Jan 26, 2018 - Apr 17, 2018
N/A
#9-16.09%
Aug 6, 2020 - Oct 9, 2020
N/A
#10-15.54%
Feb 12, 2021 - Aug 11, 2021
N/A
#11-11.81%
Jun 5, 2020 - Aug 6, 2020
N/A
#12-11.56%
Apr 12, 2019 - Jun 18, 2019
N/A
#13-11.54%
Jun 14, 2018 - Jul 20, 2018
N/A
#14-11.40%
Jan 5, 2016 - Mar 4, 2016
N/A
#15-11.16%
Sep 24, 2021 - Oct 22, 2021
N/A

Correlation

Correlation between NOVT and PLUG is 0.40 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.40
-101

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