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
NOVT vs PLUG - Historical Returns
Returns include dividend reinvestment.
NOVT vs PLUG - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NOVT | PLUG |
|---|---|---|
| 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% |
| 2015 | N/A | -29.19% |
| 2014 | N/A | +28.76% |
| 2013 | N/A | +210.00% |
| 2012 | N/A | -75.00% |
| 2011 | N/A | -47.69% |
| 2010 | N/A | -47.00% |
| 2009 | N/A | -31.73% |
| 2008 | N/A | -74.75% |
| 2007 | N/A | +1.80% |
| 2006 | N/A | -26.33% |
| 2005 | N/A | -13.78% |
| 2004 | N/A | -18.32% |
| 2003 | N/A | +53.28% |
| 2002 | N/A | -47.79% |
| 2001 | N/A | -44.96% |
| 2000 | N/A | -45.59% |
| 1999 | N/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%.
| Rank | NOVT | PLUG |
|---|---|---|
| #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.
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