---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-115911"
form_type: "8-K"
ticker: "PLUG"
cik: "0001093691"
company_name: "PLUG POWER INC"
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T02:49:34.050268+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Plug Power Q3 revenue $188.6M (+31% YoY); reaffirms 2023 target; Amazon deal; IRA benefits

## Summary
- Revenue $188.6M in Q3 2022, up 31% YoY from $143.9M; gross margin negative 24%, down 2pp YoY.
- Reaffirms 2023 revenue target of $1.4B and long-term 2026/2030 revenue targets of $5B/$20B.
- Signed $2.1B portfolio sale and green hydrogen supply agreement with Amazon (initial 10,950 tons/year).
- Passage of IRA with $3/kg PTC expected to improve fuel margins, reduce plant paybacks to 4-5 years from 8-12.
- Green hydrogen generation network: commissioning 45-50 TPD by YE22, on path to 200 TPD by YE23.

## SEC filing metadata
- accession: 0001104659-22-115911
- form_type: 8-K
- ticker: PLUG
- cik: 0001093691
- company_name: PLUG POWER INC
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093691/000110465922115911/0001104659-22-115911-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093691/000110465922115911/tm2229973d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-115911
- JSON: https://secwatch.observer/filing/0001104659-22-115911.json
- Plain text: https://secwatch.observer/filing/0001104659-22-115911.txt

## Key facts
- Earnings Releases
  PLUG POWER INC reported the third quarter ended September 30, 2022 results: revenue $188.6M. Guidance reaffirmed.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $188.6M
  - Guidance: reaffirmed
  - Result: reported results
  source text: X-99.1 2 tm2229973d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Plug Reports $188.6M in Revenue in Q3 2022, Up 31% Year Over Year Reaffirms recently updated 2022 guidance, and projections for 2023 and beyond Focused on delivering revenue and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1093691/000110465922115911/0001104659-22-115911-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.