Iron Mountain Inc vs Plug Power Inc — how do they compare? Iron Mountain Inc trades at $122.46 (market cap $36.19B), while Plug Power Inc trades at $2.22 (market cap $2.94B). The key difference: Iron Mountain Inc is far larger — about 12.3× Plug Power Inc's market cap, and Iron Mountain Inc pays a 2.84% dividend while Plug Power Inc pays none. Which is the better fit depends on your goals.
| IRM | PLUG | |
|---|---|---|
Market Cap | $36.19B | $2.94B |
Sector | Real Estate | Industrials |
52-Week High | $133.06 | $4.14 |
52-Week Low | $78.86 | $1.41 |
Enterprise Value | $55.60B | $3.73B |
Dividend Yield | 2.84% | — |
Signals from Pluang's Aura AI — not financial advice
Iron Mountain (IRM) trades at $121.15, down 0.66% on the day, amid a bearish technical signal. The company reported strong Q2 2026 results with revenue up 19% year-over-year to $2.03 billion, beating estimates, and has a consensus analyst price target of $141.50. However, high debt levels and a negative shareholder equity position present fundamental concerns.
Outlook is mixed: robust data center and digital growth support upside, but elevated valuation ratios and rising debt-to-asset ratios pose risks. Analyst sentiment is predominantly buy-rated (65%), yet technical indicators suggest near-term caution. Investors should weigh strong operational performance against financial leverage and market volatility.
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.
Trailing returns across standard periods
Latest headlines on both assets
Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business
Read more on IRM →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 →