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Compare Innovative Industrial Properties Inc (IIPR) vs Plug Power Inc (PLUG) Price & Performance

Innovative Industrial Properties IncTrade
Plug Power IncTrade

Price performance (Past 24H)

Key statistics

Innovative Industrial Properties Inc vs Plug Power Inc — how do they compare? Innovative Industrial Properties Inc trades at $58.5 (market cap $1.66B), while Plug Power Inc trades at $2.22 (market cap $2.94B). The key difference: Plug Power Inc is the larger of the two by market cap, and Innovative Industrial Properties Inc pays a 13.24% dividend while Plug Power Inc pays none. Which is the better fit depends on your goals.

IIPRPLUG
Market Cap
$1.66B$2.94B
Sector
Real EstateIndustrials
52-Week High
$64.67$4.14
52-Week Low
$44.58$1.41
Enterprise Value
$2.20B$3.73B
Dividend Yield
13.24%

Aura AI Summary

Signals from Pluang's Aura AI — not financial advice

Innovative Industrial Properties Inc

IIPR trades at $59.16, up 1.46% on the day, with a neutral technical signal and mixed earnings history. The company reported Q2 2026 revenue of $63.3M and FFO of $1.83 per share, beating estimates (Zacks, August 3, 2026). Financials show a net income margin of 52.27% for 2025, though revenue declined to $266M from $309M in 2024. The balance sheet remains solid with total assets of $2.38B and a low debt-to-asset ratio of 16.58% as of 2025.

Outlook is cautious; analyst consensus is mixed with 36% buy ratings. Key risks include tenant distress impacting cash flow and regulatory uncertainty in the cannabis sector. The stock offers a dividend yield but faces headwinds from declining revenue and high payout ratios. Investment appeal hinges on execution in life sciences and cannabis leasing growth amid competitive pressures.

Plug Power Inc

Plug Power (PLUG) trades at $2.18, up 5.31% with a bearish technical signal despite recent earnings beat. The company shows improving operational metrics with reduced cash usage and margin improvements, though it remains unprofitable with negative gross margins of -25.66%. Management targets positive EBITDA by Q4 2026 while navigating significant liquidity challenges through asset sales and financing activities.

While analyst consensus leans bullish with a $2.22 price target, PLUG faces substantial execution risks amid persistent losses and cash burn. The stock offers speculative upside if management delivers on profitability targets, but investors face elevated risk from the company's negative cash flow and competitive hydrogen market pressures.

Returns comparison

Trailing returns across standard periods

Top news

Latest headlines on both assets

About Innovative Industrial Properties Inc

Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.

Read more on IIPR

About Plug Power Inc

Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets—including material handling, e-mobility, power generation, and industrial applications.

Read more on PLUG