PLUG vs INDB
Comparison between Plug Power Inc (PLUG, Company) and Independent Bank Corp (INDB, Company).
PLUG is from the Industrials sector, while INDB is from the Financial Services sector.
5-Year PerformanceINDB has outperformed PLUG, delivering a return of +4.0% compared to -38.4%
PLUG vs INDB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PLUG vs INDB - Historical Returns
Returns include dividend reinvestment.
PLUG vs INDB - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PLUG | INDB |
|---|---|---|
| 2026 | +26.91% | +12.72% |
| 2025 | -15.45% | +19.78% |
| 2024 | -53.59% | +2.44% |
| 2023 | -63.05% | -17.02% |
| 2022 | -57.03% | +3.94% |
| 2021 | -12.25% | +15.04% |
| 2020 | +946.60% | -9.78% |
| 2019 | +137.59% | +18.14% |
| 2018 | -48.76% | +3.24% |
| 2017 | +95.04% | +1.19% |
| 2016 | -42.86% | +58.20% |
| 2015 | -29.19% | +13.16% |
| 2014 | +28.76% | +14.22% |
| 2013 | +210.00% | +34.53% |
| 2012 | -75.00% | +6.28% |
| 2011 | -47.69% | -0.44% |
| 2010 | -47.00% | +31.22% |
| 2009 | -31.73% | -17.19% |
| 2008 | -74.75% | +3.50% |
| 2007 | +1.80% | -22.69% |
| 2006 | -26.33% | +25.42% |
| 2005 | -13.78% | -11.86% |
| 2004 | -18.32% | +21.49% |
| 2003 | +53.28% | +24.60% |
| 2002 | -47.79% | +6.74% |
| 2001 | -44.96% | +81.79% |
| 2000 | -45.59% | +2.42% |
| 1999 | +76.56% | -5.83% |
PLUG vs INDB Drawdown Comparison
The maximum drawdown for PLUG was -99.99%, occurring on Feb 26, 2013. This drawdown has not yet recovered.
The maximum drawdown for INDB was -68.87%, occurring on Mar 9, 2009. Recovery took 1526 trading sessions.
The current PLUG drawdown is -99.81%. The current INDB drawdown is -4.08%.
| Rank | PLUG | INDB |
|---|---|---|
| #1 | -99.99% Mar 10, 2000 - Feb 26, 2013 | -68.87% Dec 27, 2006 - Jan 22, 2013 |
| #2 | -38.83% Jan 24, 2000 - Mar 10, 2000 | -52.59% Mar 12, 2021 - Feb 3, 2026 |
| #3 | -35.84% Jan 7, 2000 - Jan 20, 2000 | -42.91% Sep 7, 2018 - Feb 24, 2021 |
| #4 | -25.95% Dec 13, 1999 - Jan 6, 2000 | -33.80% Apr 16, 2002 - Aug 12, 2003 |
| #5 | -12.43% Nov 4, 1999 - Dec 1, 1999 | -31.92% Nov 3, 1999 - Aug 11, 2000 |
| #6 | -4.58% Dec 8, 1999 - Dec 10, 1999 | -30.44% Sep 20, 2000 - Feb 13, 2001 |
| #7 | N/A | -29.03% Dec 1, 2004 - Nov 15, 2006 |
| #8 | N/A | -27.91% Aug 21, 2001 - Nov 20, 2001 |
| #9 | N/A | -20.30% Nov 27, 2015 - Aug 5, 2016 |
| #10 | N/A | -17.28% Feb 10, 2004 - Sep 9, 2004 |
| #11 | N/A | -15.54% Jan 4, 2017 - Jul 21, 2017 |
| #12 | N/A | -14.30% Feb 6, 2026 - Mar 18, 2026 |
| #13 | N/A | -13.73% Jul 20, 2015 - Nov 6, 2015 |
| #14 | N/A | -13.47% Apr 1, 2014 - Oct 31, 2014 |
| #15 | N/A | -12.73% Dec 30, 2014 - Mar 16, 2015 |
Correlation
Correlation between PLUG and INDB is -0.33 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
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